Archive for the ‘How Not To Invest’ Category

Variable Annuity Salespeople: Just Because You're Paranoid Doesn't Mean I'm Not Out To Get You

Variable Annuity Salespeople: Just Because You’re Paranoid Doesn’t Mean I’m Not Out To Get You

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

A funny email note went out yesterday from the National Tax-Deferred Savings Association (NTSA) about my article on the terrible retirement product teachers generally get, from an organization funded by the people selling those terrible products. By their note I gather they support the selling of shit-sandwich annuities to retirees, stuffing unsophisticated people’s retirement accounts […]

A Road Runs Through It

A Road Runs Through It

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

I had a weird thing happen to me recently that prompted thoughts on real estate investing, “eminent domain,” and BIG GUBMINT. I (re-)learned that what you don’t know might hurt you, and also what you think you know about your constitutional rights might not be true. Through a series of unfortunate events, I became a […]

My Self-Directed IRA

My Self-Directed IRA

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

With a little time to go before tax day, you’ve still got time to fully fund – up to $5,500 or $6,500 if you’re at least 50 years old – your Individual Retirement Account (IRA). As a certain former Governor of California used to say in the movies: Do it. Today’s lesson is a departure […]

Never Buy A Time Share

Never Buy A Time Share

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

Oh time share, time share! How do I hate thee? Let me count the ways. I hate the way you are sold. I hate they way timeshares give the appearance of an ‘investment,’ when they are in fact the opposite of an investment. I hate the way financially distressed people buy you. I’ve previously urged […]

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, […]