Archive for the ‘Blog Posts’ Category

Need Transparency Taken To Eleven

Need Transparency Taken To Eleven

By The Banker | Blog Posts, Taxes, Texas

In my last post I mentioned the terrible scores Houston and San Antonio governments received for transparency in their economic development programs, according to a report by Good Jobs First. One reason the stakes for transparency are high is because the amounts of subsidy are so big. How big? Well, we’ll soon find out. In 2017, for […]

Failing Transparency Scores for Houston and San Antonio

Failing Transparency Scores for Houston and San Antonio

By The Banker | Blog Posts, Texas

Let’s say it’s Friday night, 11:30pm. You stayed in to Netflix and Chill with Bae. But then you bolt upright in bed, wide awake because, like, “Exactly what kind of tax abatements DID my city give out to attract that out-of-state manufacturing company, anyway? And also, how many jobs does my city expect and what’s […]

Never Buy Gold

Never Buy Gold

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

A significant portion of the Financial Infotainment Industrial Complex dedicates itself to selling you gold, as an investment. Resist. I have already written about the three other horsemen of your personal financial apocalypse: variable annuities, times shares, and bitcoins. The commonality of these four horseman is that they are sold to credible people as “investments” […]

IFTTT with Qapital

IFTTT with Qapital

By The Banker | Blog Posts, Personal Finance, Texas

Transitioning from being a paycheck-to-paycheck person to a person with actual accumulated savings in the bank is one of the classic problems of personal finance. Maybe you got there easily, as soon as you started earning money. If so, you are not the majority. Some never get there. A large number of people are in […]

My Take on the Fiduciary Rule

My Take on the Fiduciary Rule

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

Among the best known of the Obama-era financial regulations is the so-called “Fiduciary Duty Rule” for investment advisers of retirement accounts. It declared that financial advisers for retirement accounts act as “fiduciaries” and therefore must offer conflict-free advice, avoid misleading statements, receive no more than reasonable compensation, and always act taking into account the client’s […]