Investment Philosophy

Physician Advising Quote #313

Physician Advising Quote #313

“What passive index gives you “6-7%?” My passive index funds gives me 25%, 2%, -6%, 12%, 4%, -18% etc. It might average out around 7%, but I certainly don’t expect that in any given year as it is actually a very rare year I get that exact return. - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #312

Physician Advising Quote #312

“Getting” [7% return] implies that you know what your future returns are going to be. I would argue you have no idea what your future returns will be. Impossible to predict in the short term and at best a range of predictable outcomes in the long run (and the range is far wider than 1%).” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #301

Physician Advising Quote #301

“The vast majority of my portfolio is invested in traditional low-cost, broadly-diversified index mutual funds and their exchange traded fund (ETF) equivalents.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #300

Physician Advising Quote #300

“If the name of your mutual fund does not have one or more of the following words in it: Vanguard, DFA, TSP, Index you probably shouldn’t buy it. That doesn’t mean that any fund with one of these words in it is a good fund, nor that every fund without one of these words is a bad fund, but it’s a pretty darn good first screen.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #299

Physician Advising Quote #299

“Investment Selection. You should use one low-cost total stock market index mutual fund and one low-cost total bond market index mutual fund.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #282

Physician Advising Quote #282

“The problem with diversification is that it works, even when you don't want it to.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #226

Physician Advising Quote #226

“Your portfolio can be VERY simple and still be successful.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #225

Physician Advising Quote #225

"A perfectly simple and serviceable portfolio might be: 42% US Total Stock Market; 18% Total Foreign Market, 40% Total Bond Market. That's it. Done." - William Bernstein, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #224

Physician Advising Quote #224

“Learning to be content with a simple portfolio has great value.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #197

Physician Advising Quote #197

“Not only does additional time and effort not necessarily boost returns, but it can be detrimental.  Some of the best investors are practically oblivious.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #163

Physician Advising Quote #163

“Target retirement funds are marketed as a forget-about-it fund (Fidelity even calls them ‘Freedom Funds’) but before you leave it in the hands of someone else, it’s important to understand how they view the future and your retirement.” - Joshua Lerner, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #162

Physician Advising Quote #162

“The Target Retirement funds are supposed to be chosen by your retirement date. The further you are out from retirement, the more aggressive the fund is (i.e. more stocks, fewer bonds.) Then the fund gradually becomes less aggressive as the years go by.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #161

Physician Advising Quote #161

"There is nothing wrong with an all-in-one target retirement fund, as long as it has low expenses." - William Bernstein, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #133

Physician Advising Quote #133

“If you want to get really rich, really fast, be a successful entrepreneur. Investing in mutual funds in a 401(k) is likely to get you a 5-10% nominal return. That’s a slow, steady path to wealth.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #132

Physician Advising Quote #132

“There are many roads to Dublin. If you pick a reasonable investing plan and fund it adequately, you are highly likely to meet your investing goals.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #127

Physician Advising Quote #127

“International REITs seem far more correlated with international stocks than with domestic REITs. I wonder if perhaps they don't give quite the same diversification benefit overseas as they seem to domestically.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #125

Physician Advising Quote #125

“I see no reason to ignore half the investable equity universe just because some big US companies sell their products overseas. I think you should have 20-50% of your equity in international stocks.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #124

Physician Advising Quote #124

“People write about factor investing as though it is physics when the evidence is dramatically weaker, perhaps even so weak that it is more art than science.” - Jim Dahle, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.

Physician Advising Quote #115

Physician Advising Quote #115

“The essence of effective portfolio construction is the use of a large number of poorly correlated assets.” - William Bernstein, M.D.



Joe Matelich founded Physician Advising to bring physician-specific financial advice to his wife's colleagues at a fair price. Loan analysis (free), D.I.Y. picture-book (free), account aggregation (trial), & comprehensive post-residency or residency advice.


General observations only. Does not constitute tax, legal, or investment advice.  Full disclaimer.