Archive for the ‘Ask an Ex-Banker’ Category

Ask An Ex-Banker: The Magical Roth IRA

Ask An Ex-Banker: The Magical Roth IRA

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

A version of this post ran in the San Antonio Express News. Dear Michael, Next January, when I receive the proceeds for a house I’m selling, I’m considering converting 70K from my TIAAF-CREF Traditional IRA into a Roth IRA, and paying taxes to do that that. I could then make my 7 grandchildren the beneficiaries [&hellip

Ask an Ex-Banker About The Big MO: What Are Returns?

Ask an Ex-Banker About The Big MO: What Are Returns?

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

A version of this appeared in the San Antonio Express News Dear Michael, I own a little of MO, purchased some time back with an average cost of $27.37. As you know it pays $2.08 dividend, and when I tell my friend my return is 8%, he says my return is what the stock presently [&hellip

Ask an Ex-Banker: Algorithmic Trading

Ask an Ex-Banker: Algorithmic Trading

By The Banker | Ask an Ex-Banker, Blog Posts, How Not To Invest, Investing, Personal Finance, Texas, Wall Street

A version of this post appeared in the San Antonio Express News Dear Mike, I spotted something on algorithmic trading on your blog, and finance and investment are a bit of a hobby of mine. I am sending you a press release about a Canadian trader who has worked out a successful trading technique based [&hellip

Ask an Ex-Banker: What Are Discretionary Accounts?

Ask an Ex-Banker: What Are Discretionary Accounts?

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

NOTE: A version of this post appeared earlier in the San Antonio Express News Dear Mike, I wanted to report on my meeting with JPMorgan today. They were very nice, very polished. They handle private accounts and were confident that we could easily transfer my money over to them. They told me that they have [&hellip

Rebalancing, Explained

Rebalancing, Explained

By The Banker | Ask an Ex-Banker, Blog Posts, How Not To Invest, Investing, Texas

Editor’s Note: A version of this post appeared today in the San Antonio Express News: A former student at Trinity sent me a Facebook message recently. He linked to an advertisement message for an investment advisory company that emphasized the importance of ‘rebalancing’ one’s investment portfolio every quarter or every year. I realized I had [&hellip