Archive for the ‘Texas’ Category

Never Buy A Boat

Never Buy A Boat

By The Banker | Blog Posts, Personal Finance, Texas

I just returned to San Antonio from vacation with my family on Cape Cod, where my daughters and I gratefully survived an afternoon excursion on my brother’s boat. Our survival requires a bit of explanation. As you’ve come to expect, my tale has a pithy moral and financial lesson at the end. In the summer-oriented [&hellip

Ask An Ex-Banker: 100% Equities Even In Retirement?

Ask An Ex-Banker: 100% Equities Even In Retirement?

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

Hi Michael, I enjoy and look forward to your advice every week. I am about to do as you (and a lot of other smart people) recommend and move our investments to several diversified equity index funds. My question: would you still suggest no index bond funds for someone in our age bracket? I am [&hellip

How To Invest

How To Invest

By The Banker | Blog Posts, Investing, Texas

Rather than say, “this is how you should invest,” I prefer to say (and write about) “this is how you should NOT invest.” I can think of at least three reasons for my preference. First, I know many more terrible ways to invest than I know good ways. Second, exotic bad ideas make for more [&hellip

Dueling Mortgage Gurus and Uncertainty

Dueling Mortgage Gurus and Uncertainty

By The Banker | Blog Posts, Personal Finance, Texas

One of the things that makes finance endlessly fascinating (to me!) is that perfectly sound logic for one situation turns out to be perfect madness in another situation. In my best moments I appreciate the ironies and contradictions. In my worst moments I despair for people whipsawed by the seeming complexities of financial choices. Most [&hellip

FICO Part II - When To Ignore It, And Why Its Awesome

FICO Part II – When To Ignore It, And Why Its Awesome

By The Banker | Blog Posts, Personal Finance, Texas

Last week I wrote about the personal credit score, used by virtually all lenders in this country, known as FICO. But I know there are some of you who you can and should ignore your FICO score. I also want to mention the risk of paying too much for your score, the benefits of boosting your score, and [&hellip