Archive for the ‘How Not To Invest’ Category

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 [&hellip

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 [&hellip

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