Archive for the ‘Personal Finance’ Category

Judgment vs Objectivity - My Recent HELOC Renewal

Judgment vs Objectivity – My Recent HELOC Renewal

By The Banker | Blog Posts, Personal Finance

A version of this post ran recently in the San Antonio Express News. My wife and I recently renewed our home equity line of credit 1  with our bank. When the notary at my bank had us in the room for 30 minutes busily initialing and signing many dozens of pages per a minute – [&hellip

Ask An Ex-Banker: The Magical Roth IRA

Ask An Ex-Banker: The Magical Roth IRA

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Taxes

A version of this post ran in the San Antonio Express News. Dear Michael, Next January, when I receive the proceeds for a house I’m selling, I’m considering converting 70K from my TIAAF-CREF Traditional IRA into a Roth IRA, and paying taxes to do that that. I could then make my 7 grandchildren the beneficiaries [&hellip

Ask an Ex-Banker About The Big MO: What Are Returns?

Ask an Ex-Banker About The Big MO: What Are Returns?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Texas

A version of this appeared in the San Antonio Express News Dear Michael, I own a little of MO, purchased some time back with an average cost of $27.37. As you know it pays $2.08 dividend, and when I tell my friend my return is 8%, he says my return is what the stock presently [&hellip

Interview with Mint.com - I Give ALL The Answers

Interview with Mint.com – I Give ALL The Answers

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

Finance website Mint.com asked me some good questions for their blog. You can visit them there or enjoy the repost below. As a former Wall Street insider, what do you think is the average person’s largest misconception about investing? The average person thinks that what Wall Street does is so complex that it requires extremely [&hellip

Entrepreneurs: Pack Half the Luggage, Bring Twice The Money

Entrepreneurs: Pack Half the Luggage, Bring Twice The Money

By The Banker | Blog Posts, Personal Finance, Texas

A version of this post ran in the San Antonio Express News. In late high school and college I travelled to Mexico as often as I could. Some trips I went for ten days, later trips for a semester of school, then a whole summer. Finally, after graduating from college, I lived and studied in [&hellip