WCI #108: What is Value Averaging and How Does it Work
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 30 May 2019
⏱️ 52 minutes
🧾️ Download transcript
Summary
What is Value Averaging and How Does it Work? It is an investing strategy that works like dollar cost averaging in terms of steady contributions, but differs in its approach to the amount of each contribution. My problem with it is mainly the side fund, the complexity and the extra work. I realized pretty early on I didn't need to do that to reach my goals but I discuss how to do it in this episode if that is something you want to try.
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 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's your host, Dr. Jim Dolly. |
| 0:14.0 | Welcome to White Coat Investor, |
| 0:18.0 | podcast number 108. Target retirement funds Value Averageing, and a Ferrari. |
| 0:25.0 | I estimate that 80% of doctors need, want and should use a financial advisor and or an investment manager. |
| 0:32.0 | Some investment gurus such as Dr. |
| 0:34.3 | William Bernstein think my estimate is way too low. At any rate, if you want to use an |
| 0:38.7 | advisor temporarily or for your entire life, there's no reason to feel guilty about it. |
| 0:43.2 | Just make sure you're getting good advice at a fair price. |
| 0:46.8 | If you need help updating your financial plan or just getting one in place, |
| 0:50.0 | check out our list of recommended financial advisors at white code investor. |
| 0:53.7 | dot com slash financial dash advisors. You can do this and the white code investor can help. |
| 0:59.0 | Thanks for what you do. I have a young lady, I should say a girl really, she was four years old in the ER the other day, |
| 1:07.0 | came in with belly pain. It'd been signed out to me when I came in for my shift at 6 a.m. |
| 1:12.0 | I'd just come in about 20 minutes before with |
| 1:14.8 | abdominal pain. The Doc Hussar was a little bit worried about appendicitis but |
| 1:19.1 | when I got in there and asked a few more questions it didn't sound quite like appendicitis she'd been |
| 1:24.0 | having pain for sure only about 24 hours with some vomiting but she'd been having |
| 1:29.5 | distension for a week before then. |
| 1:33.0 | And once we ended up, you know, proceeding down the path we do with some labs and an ultrasound and eventually a CT, |
| 1:40.0 | what it turned out she had was a 13 centimeter mass in her abdomen. |
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