meta_pixel
Tapesearch Logo
Log in
White Coat Investor Podcast

195: Investing Lessons from Christine Benz of Morningstar

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 28 January 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

Morningstar has been around for 36 years and is by far the best place to get information about all of the mutual funds available. Our guest in this episode, Christine Benz is the director of personal finance and a senior columnist at Morningstar. She is the author or co-author of five books, including 30-minute Money Solutions, which we will be given away at the WCI Conference https://www.whitecoatinvestor.com/conference in March, where she is our keynote speaker. Christine has had a 30 year career at Morningstar so lots of investing lessons to be learned from her. See the full show notes here http://whitecoatinvestor.com/investing-lessons-from-christine-benz-of-morningstar-podcast-195 . In this interview we discuss the star rating system for mutual funds that Morningstar uses, her experience educating women investors vs men, owning individual stocks and cryptocurrency, complacency about equity risk these days, whether you should change anything about your investing plan with a new president in office, and what lessons we should take from our experience during this pandemic.

If you have student loans, SoFi https://www.whitecoatinvestor.com/slr/i/sofi practically invented student loan refinancing in 2011 and right now they have the lowest starting fixed interest rates they’ve had in years, which could help you save thousands of dollars on your student loans. Plus, they just lowered rates for physicians and dentists still in residency. If you refinance your student loans through SoFi, you’ll get a $500 cash welcome bonus just for listeners of this podcast.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the White Coat Investor Podcast, where we help those who wear the White Coat get a fair shake on Wall Street.

0:06.0

We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.

0:12.0

Here is your host, Dr. Jim Dolly.

0:18.0

This is White Coat Investor Podcast number 195, Investing Lessons from Christine Benz.

0:24.0

Let's see, we're recording this on the 21st of January. It's going to run next week on the 28th of January.

0:30.0

So, pretty short interval here, which is good. It helps us keep stuff current for you.

0:35.0

First a word from our sponsor. If you have student loans, so-fi practically invented student loan refinancing in 2011.

0:41.0

And right now they have the lowest starting fixed interest rates they've had in years, which could help you save thousands of dollars on your student loans.

0:47.0

Plus they just lowered rates for positions in dentists still in residency.

0:51.0

If you refinance your student loans through so-fi.com slash White Coat Investor, you'll get a $500 cash welcome bonus just for listeners of this podcast.

0:59.0

That's so-fi.com slash White Coat Investor.

1:01.0

Terms and conditions apply, not all products available in all states. Welcome bonus not available through residence of Ohio and cannot be combined with any other offer bonus or discount.

1:07.0

So-fi reserves are ready to change or terminate the offer at any time with or without notice, or simply be responsible for any federal, state or local taxes associated with receiving the bonus offer.

1:13.0

So-fi.com slash White Coat Investor for more information. Lones originated by So-fi lending corp CFL 6054612 NMLS 1121636.

1:22.0

All right, our quote of the day today comes from Rick Ferrell.

1:24.0

So I find that Newly and Lightning self-managed investors can spend a considerable amount of time and energy trying to figure out a perfect portfolio by seeking a perfect asset allocation, perfect products, perfect tax efficiency, and a perfect maintenance methodology.

1:37.0

Don't bother. I think there's a lot of truth to that. In investing, good enough is good enough. All you need is a reasonable plan that's funded adequately.

1:48.0

Thanks so much for what you do out there. This is not an easy time to be a doc to be high income professional of any kind.

1:54.0

The economy has taken some pretty serious hits, even among the relatively stable profession of medicine.

2:00.0

And in a spin or ref go for a lot of people, especially as they've dealt with illnesses on their own, illnesses and deaths of colleagues and partners.

2:08.0

And hopefully we're getting close to the to the light at the end of the tunnel here.

2:13.0

A couple of things I want you to know about. We have WCI come coming up first week of March. You can still register for that information is available on the website.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.