WCI #109: Passive Investing and Financial Advisory Fees with Rick Ferri
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 6 June 2019
⏱️ 86 minutes
🧾️ Download transcript
Summary
Rick Ferri is a financial advisor and an accomplished author of 7 books related to investing. I consider him the heir apparent to Jack Bogle. In this interview we discuss passive investing and why you should be investing in index funds. As well as financial advisory fees and negotiating those fees with your advisor.
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. 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 |
| 0:20.0 | Whitecoat Investor Podcast Number 109, passive investing and financial |
| 0:25.1 | advisory fees with Rick Ferry. At some point in our financial lives, it will be |
| 0:29.8 | time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. |
| 0:39.0 | These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. |
| 0:45.0 | But if you're further advanced in your career, deeper into your journey to financial freedom, |
| 0:49.0 | buying a home with a conventional mortgage and then later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. |
| 0:57.0 | Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. |
| 1:02.0 | Hop over to our recommended tab to learn more about all of your mortgage and refinancing options |
| 1:07.0 | at whitecode investor.com slash mortgage. |
| 1:10.0 | You can do this and the white code investor can help. |
| 1:13.0 | Thanks so much for what you do. |
| 1:15.0 | Your work is oftentimes thankless and frequently difficult. |
| 1:19.0 | When it's not difficult, it can be mundane or soul crushing as you try to figure out why the |
| 1:24.0 | EMR has crashed yet again. So I want to say thank you to you today for what you do. |
| 1:30.4 | Our quote of the day comes from Jack Bogle who said your success in investing will depend |
| 1:34.4 | in part on your character and guts and in part on your ability to realize at the height of |
| 1:39.2 | a bulliance and the depth of despair alike that this too shall pass. |
| 1:44.0 | If you haven't had a chance to do your initial financial education, |
... |
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