529 Accounts v. Retirement Accounts

529 Accounts v. Retirement Accounts

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

A version of this post appeared today in the San Antonio Express News. People who give financial advice – like me – can be so annoyingly contradictory sometimes. Some friends of mine with young kids – like me – asked me recently to look over their investment plans, and to give them my opinion on [&hellip

Michael Lewis Still Says It Better Than Anyone

Michael Lewis Still Says It Better Than Anyone

By The Banker | Blog Posts, Wall Street

When Bankers Anonymous hands out its annual awards for the best “recovering banker” essays of the year, the black tie crowd typically goes on chattering amongst themselves, unheeding the speaker at the stage holding the golden microphone trophies. Why? Becuase they know that Michael Lewis will win the best essay trophy once again. Like clockwork. It’s [&hellip

Gross to Janus - Wait, What?!?!

Gross to Janus – Wait, What?!?!

By The Banker | Blog Posts, Investing, Wall Street

This makes zero sense. PIMCO founder Bill Gross will join Janus Funds? If you founded and built the largest bond fund company in the world, If your name is synonymous with that company, If you are the rockstariest rockstar of bond managers (if such a thing can exist), Why would you ever quit that firm [&hellip

New HUD Secretary - The Good and Bad So Far

New HUD Secretary – The Good and Bad So Far

By The Banker | Blog Posts, Texas

Editor’s Note: A version of this post ran this morning in the San Antonio Express News. I can’t remember any speech Mayor Julian Castro ever made to which I paid much attention. Decade of Downtown? Meh. I had just moved to San Antonio’s downtown and I didn’t have any context. Democratic National Convention? I missed [&hellip

On Mortgage Spreadsheets and Old French Origins

On Mortgage Spreadsheets and Old French Origins

By The Banker | Audio Posts, Personal Finance, Video

I was scouring the interwebs lately for a financial education project I’m doing and I came across Sal Khan’s joint educational venture with Bank of America called www.bettermoneyhabits.com There’s some very good stuff there, but I was drawn in particular to his “How does a mortgage work” video. I recommend checking it out here. I [&hellip