Ask An Ex-Banker: 100% Equities Even In Retirement?

Ask An Ex-Banker: 100% Equities Even In Retirement?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Texas

Hi Michael, I enjoy and look forward to your advice every week. I am about to do as you (and a lot of other smart people) recommend and move our investments to several diversified equity index funds. My question: would you still suggest no index bond funds for someone in our age bracket? I am [&hellip

How To Invest

How To Invest

By The Banker | Blog Posts, Investing, Texas

Rather than say, “this is how you should invest,” I prefer to say (and write about) “this is how you should NOT invest.” I can think of at least three reasons for my preference. First, I know many more terrible ways to invest than I know good ways. Second, exotic bad ideas make for more [&hellip

The Citibank Settlement and Consumer Trickery

The Citibank Settlement and Consumer Trickery

By The Banker | Blog Posts, How Not To Invest

I recently advocated buying one’s FICO score for about $20, but warned that the process of buying only that one thing – and not getting semi-swindled into some expensive monthly credit-monitoring program – is actually much harder than one should expect. You start out trying to buy that one thing…but the websites of the credit bureaus Experian, [&hellip

As An Ex-Banker: Student Loan Repayment

As An Ex-Banker: Student Loan Repayment

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance

Hello Professor! This is your former student, one year post personal finance class, and I am in need of advice. Here’s the backstory. After spending one year in the IT Consulting world, making 70K and being equally stressed to the detriment of my health, I jumped ship (per the advice of my employer, they noticed [&hellip

Follow-up on Universal Inheritance Idea

Follow-up on Universal Inheritance Idea

By The Banker | Blog Posts, Inequality

Note: This is a follow up to my previous post on “universal inheritance.” I’m not a complete idiot, so I know that politics in the United States would not favor a universal inheritance at this time, for a variety of practical and ideological reasons. Yet pursuing the thought experiment to the point of figuring out [&hellip