Archive for the ‘Personal Finance’ Category

I Took Out PayDay Loans

I Took Out PayDay Loans

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

This is the most expensive post I’ve ever written, as it cost me over $80 to conduct research. I took out two payday loans this month in downtown San Antonio, TX. The natural joke to make here is “something, something, the death of journalism,” when finance columnists/bloggers need to take out monthly payday loans. Maybe instead [&hellip

Not Cheering A Record-Setting Stock Market

Not Cheering A Record-Setting Stock Market

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

It’s silly season in stock market news again. By that I mean the regular “stock market reaches new highs, hooray!” headlines and commentary. I’ll start by unpacking some reasons why this is silly news, and how you can be a much more sophisticated reader of financial news. I admit upfront that you’ll risk being a [&hellip

Ask An Ex-Banker: Use Savings Or Debt To Pay For School?

Ask An Ex-Banker: Use Savings Or Debt To Pay For School?

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

Note: An ex-student of mine reached out to ask a question many face… Is it best to use savings and investments for graduate school, or to take out loans? Dear Banker,  I saw you answered  a question from a former student about paying down debt and being unemployed on your blog. So I thought I [&hellip

Risk and Uncertainty and Heuristics

Risk and Uncertainty and Heuristics

By The Banker | Blog Posts, Investing, Personal Finance, Texas, Wall Street

I’ve become very attached to the “Five Year Rule,” which is my consistent rule-of-thumb answer to the question: Should I invest in stocks? Five Year Rule How does the Five Year Rule work? I answer the “should I invest question” with a question of my own. Will you need the money in less than five [&hellip

Book Review: Risk Savvy by Gerd Gigerenzer

Book Review: Risk Savvy by Gerd Gigerenzer

By The Banker | Book Reviews, Personal Finance

Gerd Gigerenzer wrote Risk Savvy: How To Make Good Decisions in the spirit of Nate Silver’s The Signal and The Noise, and Innumeracy by John Allen Paulos. These latter books propose a “How To Think” while also proposing that people should be taught to think differently, and stop making epistemological errors. Distinct from The Signal [&hellip