White Coat Investor Podcast WCI #440: Building a Balanced Portfolio with Asset Location and Allocation
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Oct 9, 2025 Discover the essentials of building a balanced portfolio, focusing on asset location and allocation. Explore when to use TIPS and the implications of a 100% stock portfolio. Get practical tips on buying ETFs, including order types. Delve into the risks of investing in films and private deals, emphasizing the importance of due diligence. Wrap up with valuable investing principles that encourage simplicity and strategic planning.
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Student Changed By Early Financial Guidance
- James shares meeting a med-student who benefited from getting financial guidance early.
- Early financial education helped her apply to schools and plan for debt responsibly.
Choose Investments Before Locations
- Decide what you will own first, then optimize where each holding should live across accounts.
- Ask "what should go into my taxable account next?" instead of "where does this belong?".
Bond Income Is Tax-Inefficient
- Bonds produce returns mostly as taxable income, making them tax-inefficient in taxable accounts.
- Shield bond income in tax-protected accounts to avoid ordinary-income taxation every year.
