Archive for the ‘How Not To Invest’ Category

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

Hello Houston

Hello Houston

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

The Houston Chronicle recently started running my stuff, and I’m excited. In honor of my introduction to Houston, I’d like to offer a personal story about my very first trip to Houston. Best of all, this anecdote has a pithy financial moral at the end. In Spring 2001 I lived in New York City and [&hellip

Dallas Pension Plan - An Example of What Can Go Wrong

Dallas Pension Plan – An Example of What Can Go Wrong

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

I’ve become a bit obsessed with public pensions this month.[1] As a lesson in how pensions can go wrong, I began looking into the Dallas Police and Fire Pension System. Dallas’ Police and Fire Pension ranks as the tenth largest in the state and easily qualifies as the most dire, according to the usual metrics [&hellip