Archive for the ‘Blog Posts’ Category

A Retirement Rule and Its Limitations

A Retirement Rule and Its Limitations

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

I’ve done no general-population polling on the question “Do I have enough money set aside for retirement?” but informally I’d guess the US population would break down as follows: 1% – “Oh, yes, definitely,” 19% – “I hope so, but I’m not sure,” 80% – “LOL” If you’re in the 99 percent uncertain category, as [&hellip

Should We Consider Taxing Non-Profits?

Should We Consider Taxing Non-Profits?

By The Banker | Blog Posts, Inequality

Are tax-advantaged charitable organizations going to face heavier tax bills in the future? More interestingly, should they? Connecticut state legislators introduced in March targeted legislation to tax some of the $2.6 billion in investment gains that Yale University earned on its $25.6 billion endowment in 2015.  Yale budgeted to spend $1.1 billion of its endowment funds in [&hellip

More on (MORON) Public Money For Private Sports Owners

More on (MORON) Public Money For Private Sports Owners

By The Banker | Blog Posts, Texas

This may seem like small-ball (because it is!) but I can’t sit idly by when my city’s government proudly announces their intention to shovel $75 million of public money toward building a minor-league baseball team stadium. This makes me so angry. I earlier nominated municipal attempts to lure the Oakland Raiders to San Antonio as [&hellip

Five Good Questions for A Finance Columnist

Five Good Questions for A Finance Columnist

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

Jake Taylor interviewed Wall Street Journal columnist Jason Zweig, who recently published The Devil’s Financial Dictionary and asked him “Five Good Questions” Q1: What inspired him to write this book? Zweig says he needed something to update on his website that didn’t give readers an ‘action-item’ in response to market conditions, since that doesn’t tend [&hellip

On Mortality and Wealth

On Mortality and Wealth

By The Banker | Blog Posts, Personal Finance

I’ve already talked about the link between work and wealth but what about the ties between death and wealth? A buddy in New York used to tell me that the right way to manage your money is to have just enough to cover your bills until the day you die, and then bounce the check [&hellip