WCI #247: Bonds and Tax Loss Harvesting
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 27 January 2022
⏱️ 49 minutes
🧾️ Download transcript
Summary
This episode is all about bonds and tax-loss harvesting https://www.whitecoatinvestor.com/tax-loss-harvesting/. We get into what some good options for bond substitutes are as well as what are not good options for bond substitutes. We talk about the popular I Bonds https://www.whitecoatinvestor.com/series-i-bonds-are-they-right-for-you/ and when you should get some or if it is worth sticking with tax-protected stocks in a total bond fund instead. We go over some of the basics of tax-loss harvesting including a step-by-step guide on how to actually do it.
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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code 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 Code Investor Podcast number 247, Bonds and Tax Loss Harvesting. |
| 0:23.0 | Pearson Rabbits, or Disability and Life Insurance Advisors, founded by and for physicians. |
| 0:28.0 | This White Code Investor recommended agency grew out of one MD's experience with a career changing on the job injury. |
| 0:34.0 | Today, Pearson Rabbits serve as a medical community in all 50 states. |
| 0:38.0 | At Pearson Rabbits, they help you as a doctor, safeguard your most valuable asset, your income, so you can protect the most important people in your life, your family. |
| 0:46.0 | Pearson Rabbits makes human connections before they make quotes. |
| 0:49.0 | Go to PearsonRavits.com today to schedule your consultation with the Pearson Rabbits Advisor. |
| 0:54.0 | Welcome back to the podcast. We're recording this on January 3rd. I think it doesn't run till the end of the month, the 27th, I believe. |
| 1:01.0 | So hopefully, nothing we say today will be out of date by then. |
| 1:05.0 | Sometimes things change quickly in the field of finance, but most of the time we talk about evergreen stuff. |
| 1:11.0 | It's going to be timeless for quite a while. |
| 1:14.0 | Let's take our first question today, about the SpeakPite. |
| 1:17.0 | So somebody asking about Bond Substitutes. Thanks for this question, Tom. Let's take a listen. |
| 1:22.0 | Hi, Dr. Dahl. This is Tom from California. |
| 1:25.0 | In the lace edition of a random walk down Wall Street, that was published in 2018, given low interest rates at the time, the authors suggest utilizing within their fixed income portfolios. |
| 1:38.0 | Bond Substitute funds, particularly the Vanguard dividend growth fund as a mechanism to produce a higher yield of approximately 4% on the fixed income portion of the portfolio. |
| 1:51.0 | Given that interest rates are now even lower, I'd be interested to hear your thoughts as to the wisdom of using Bond Substitutes within the fixed income portion of anyone's portfolio. Thank you. |
| 2:03.0 | I think Burton Melchial is a good guy. I think a random walk down Wall Street was a really important book. |
| 2:11.0 | That really got people thinking about index funds. An important message has important data in it. I don't agree with everything Burton recommends. |
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