Archive for the ‘How Not To Invest’ Category

Platinum Partners And How To Spot A Fraud

Platinum Partners And How To Spot A Fraud

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

Police arrested seven executives connected to the $1+ billion hedge fund Platinum Partners in late December, for fraud. The charges against them include overvaluing assets and a Ponzi-like practice of paying departing investors with new investors’ money. Platinum Partners reminds me of lesson number one on spotting financial fraud: If an investment fund never, ever, [&hellip

Look Back Look Forward - New Years Resolutions

Look Back Look Forward – New Years Resolutions

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

It’s January, the month named for Janus the two-faced Roman God who looked both backward to the past and forward to the future. Looking back over 2016, I realized that I learned about three types of investment accounts, each of which – depending on your phase of life – might make for a nice New [&hellip

Trump Part IV - The Causes and Uses of An Economic Crisis

Trump Part IV – The Causes and Uses of An Economic Crisis

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

This is a long post about how Trump has specifically threatened to cause an economic or financial crises through either a trade war or through undermining the US monetary system and credit. [Previous Trump posts in this series introduce my fever dreams of a Trump Presidency, my review of recently-elected authoritarians, and the Machiavellian use [&hellip

Bitcoin Blockchain and Bullocks

Bitcoin Blockchain and Bullocks

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

One of my rules of writing is to ignore journalistic fads. I’ve considered Bitcoin since 2013 to be a complete red herring, a finance-journalism fad that has no bearing on real things, real life, and real people. Technology people – FWIW I am not one of these – have long been excited about Bitcoin, and [&hellip

529 Accounts for Grandparents

529 Accounts for Grandparents

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

If tax-advantaged investment accounts were characters from Pixar’s Cars movie, I’d award star-status to the 401K as the Lightning McQueen character voiced by Owen Wilson. Meanwhile, 529 education savings accounts would have to be represented by a grandfather-type character – like the Doc Hudson car from the 1950s – voiced by Paul Newman. I partly [&hellip