Archive for the ‘How Not To Invest’ Category

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” […]

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 […]

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 […]