WCI #376: Trusts, Direct Indexing and High Yield Savings Accounts
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 18 July 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
We are tackling your questions again today. First we answer a few questions about trusts. We cover topics like revocable trusts and probate. We talk about direct indexing and what exactly that means and if it is worth doing. We discuss high yield savings accounts and CDs and bonds. We close out the episode with Dr. Dahle sharing how his views and ventures in real estate have changed over the years.
Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and $100/month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi
*Loans originated by SoFi Bank, N.A., NMLS 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.
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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. |
| 0:06.1 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:19.0 | This is Whitefoot Investor Podcast number 376. Today's episode is brought to you by Sofa, helping medical professionals like us bank borrow and invest to |
| 0:23.7 | achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts as well as an investment |
| 0:30.1 | platform, financial planning and student loan refinance, feature an exclusive rate |
| 0:34.2 | discount for med professionals, and $100 a month payments for residents. Check out all that |
| 0:38.8 | SOFI offers at whitecoat investor.com. SloFi |
| 0:42.0 | loans originated by SOFi Bank N animal |
| 0:43.6 | S69891 advisory services by SoFi Wealth LLC. The brokerage product |
| 0:46.7 | is offered by SoFi Securities LLC member FINRA SIPS |
| 0:49.4 | Investing comes with risk and costs. Loss additional terms of conditions may apply. |
| 0:52.0 | Welcome back to the podcast, everybody. |
| 0:54.2 | We're recording this in June, June 6th, actually. |
| 0:58.0 | So a big delay between us recording this and you hearing it, |
| 1:01.0 | I think it's scheduled to drop on July 18. |
| 1:04.3 | So one thing I ought to say at the beginning in this podcast, |
| 1:09.2 | July 16th is my wedding anniversary. |
| 1:12.0 | We were married 25 years ago so we've been celebrating |
| 1:15.3 | this week our wedding anniversary and 25 years is a long time a quarter century |
| 1:20.2 | so I'm grateful for Katie and for her putting up with me. It's been a heck of a ride the last 25 years. |
| 1:27.0 | We got married. We're totally broke. |
| 1:29.0 | We're in a totally different place financially now and hopefully helping you to get to a similar financial |
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