Archive for the ‘Personal Finance’ 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

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

Napoleon Hill - The Ultimate Con-Artist

Napoleon Hill – The Ultimate Con-Artist

By The Banker | Blog Posts, Book Reviews, Personal Finance

I read with great interest this long piece by Matt Novak on the back-story of Napoleon Hill, a man who gets credit as the father of the self-help genre. When I started doing financial book reviews, a number of people (and lists) recommended Hill’s 1937 classic, Think and Grow Rich. I  reviewed his book, and while much of [&hellip

In Praise Of Dirty Jobs

In Praise Of Dirty Jobs

By The Banker | Blog Posts, Personal Finance, Texas

If you have a fancy educational background, the tempting thing is to go into a glamorous field, full of smart people with equally good educations. Maybe investment banking, consulting, or a stint with a hedge fund? I tried all that. Because I’m a slow learner, I realized late that there’s got to be a better [&hellip