My Self-Directed IRA

My Self-Directed IRA

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Texas

With a little time to go before tax day, you’ve still got time to fully fund – up to $5,500 or $6,500 if you’re at least 50 years old – your Individual Retirement Account (IRA). As a certain former Governor of California used to say in the movies: Do it. Today’s lesson is a departure [&hellip

Book Review: The Lean Startup

Book Review: The Lean Startup

By The Banker | Blog Posts, Book Reviews, Texas

What’s the most important thing to do when starting a company? How about this: Don’t try to build the company. Instead, try an experiment. A confluence of events and conversations have me re-asking that question, and landing on that answer. The first event is that my city celebrated “Startup Week” in the beginning of March. I [&hellip

Audio Post: Story About My Big Bust

Audio Post: Story About My Big Bust

By The Banker | Audio Posts

Last week I did a Texas Public Radio live storytelling event with the theme “Big Break and Busts,” so naturally I told the story of my failed investment fund. I’ve covered a bit of this before, as the Bankers Anonymous Origin Story. Here’s the audio for that event. Or the embedded Soundcloud format: I’m going to go [&hellip

Book Review: The Making Of Donald Trump by David Cay Johnston

Book Review: The Making Of Donald Trump by David Cay Johnston

By The Banker | Book Reviews

David Cay Johnston covered Trump as a journalist for thirty years, in the course of reporting on the Atlantic City beat. He presents in The Making of Donald Trump a greatest hits of the President’s business life. And by greatest hits, I actually mean the lowlights of his behavior with women, with business partners, with [&hellip

Never Buy A Time Share

Never Buy A Time Share

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Texas

Oh time share, time share! How do I hate thee? Let me count the ways. I hate the way you are sold. I hate they way timeshares give the appearance of an ‘investment,’ when they are in fact the opposite of an investment. I hate the way financially distressed people buy you. I’ve previously urged [&hellip