Archive for the ‘Texas’ Category

Volatility in Stocks - That's a Good Thing

Volatility in Stocks – That’s a Good Thing

By The Banker | Blog Posts, Texas

A version of this post ran in the San Antonio Express News today. The U.S. stock market got quite volatile last week, and I couldn’t be happier. Let me explain why, by way of the analogy of the 2011 fire at Lost Pines State Park. Scorched earth and equity markets Two weeks ago, I drove [&hellip

Do You Need An Investment Advisor? And Why?

Do You Need An Investment Advisor? And Why?

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

A version of this post previously appeared in the San Antonio Express News. Some friends of mine recently opened up investment accounts with a guy who is a salesman at a national insurance company. My friends also hired a “fiduciary” to review their investment plans. Finally, they consulted me, for free, on what to do [&hellip

More on Subprime Lending Policies from the Feds

More on Subprime Lending Policies from the Feds

By The Banker | Blog Posts, Texas

Editor’s Note: A (shorter and less conversational) version of this post appeared earlier today in the San Antonio Express News. An official from the Department of Housing and Urban Development (HUD) responded last week to disagree with my article two weeks ago in which I claimed that Secretary Julian Castro supported subprime lending, in his [&hellip

New HUD Secretary - The Good and Bad So Far

New HUD Secretary – The Good and Bad So Far

By The Banker | Blog Posts, Texas

Editor’s Note: A version of this post ran this morning in the San Antonio Express News. I can’t remember any speech Mayor Julian Castro ever made to which I paid much attention. Decade of Downtown? Meh. I had just moved to San Antonio’s downtown and I didn’t have any context. Democratic National Convention? I missed [&hellip

On Selling - Sell Solutions Not Features

On Selling – Sell Solutions Not Features

By The Banker | Blog Posts, Texas

Editor’s Note: A version of this post appeared in the San Antonio Express-News. When I interviewed for my first bond sales job on Wall Street, half-way through the conversation the guy at JP Morgan sat back, held up a yellow #2 pencil, and said “Sell me this pencil.” At that point, age 24 or so, I hadn’t [&hellip