Amarillo by Mornin' - A Stadium Building Story

Amarillo by Mornin’ – A Stadium Building Story

By The Banker | Blog Posts, Taxes, Texas

On February 1st, the City of Amarillo, TX broke ground on their brand new downtown $45.5 million publically-funded baseball stadium, the future 2019 home of the AA-level minor league Missions baseball team, a team currently based in San Antonio. As I wrote about last week, I dislike these public-money stadium deals, for two reasons. First, […]

A Stock Growth Miracle (Not Really)

A Stock Growth Miracle (Not Really)

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

Psst: Do you want to hear about a neat investing trick a family friend showed me? She started with $250. Through alchemical magic – well, a mixture of time, compound interest, and an important dash of negligence – she turned that $250 into an investment today worth $135,000. She still owns it, so results may […]

The Business Side of MJ Legalization

The Business Side of MJ Legalization

By The Banker | Blog Posts, Taxes, Texas

January 2018 brought some strong, but mixed, messages to the marijuana-producing business community. Despite those contradictory signs, pot will be legal in Texas much sooner that we expect. Maybe not in 2 years, and possibly not in 4 years. But if it’s not totally legal for recreational adult use in 10 years I’ll eat my […]

Super Bowl Stadium Thoughts

Super Bowl Stadium Thoughts

By The Banker | Blog Posts, Texas

In case the broadcast of the Super Bowl on Sunday didn’t make it crystal clear on high definition TV, there’s one very specific reason why the NFL chose to hold a giant tourist event in freezing Minnesota in February. (Hint: It wasn’t for the fan experience.) The reason: Money. Specifically, $1.2 billion spent to construct […]

PSA on Market Crashes Like This Week

PSA on Market Crashes Like This Week

By The Banker | Blog Posts

First things first: Do. Nothing. Because, as you might have heard, the US stock market plummeted yesterday. The Dow Jones Industrial Average (DJIA) index, made up of the stocks of 30 major US companies, dropped by a record-setting 1,500 points before closing down 1,175 points on the day. Another popularly-followed index comprising 80 percent of […]