Archive for the ‘Texas’ Category

Book Review: Big Hot Cheap and Right, by Erica Grieder

Book Review: Big Hot Cheap and Right, by Erica Grieder

By The Banker | Book Reviews, Taxes, Texas

We’re all about to get dunked[1] by the US Presidential race in a deep-water tank of Texas exceptionalism. With a year-long GOP primary season ahead of us, get ready for Texas Senator Ted Cruz to explain how extremely small government (plus God!) serves us best. Also, prepare for Texas native son (now Kentucky Senator) Rand [&hellip

Lord of the Rates, Part I - The One Rate To Rule Them All

Lord of the Rates, Part I – The One Rate To Rule Them All

By The Banker | Blog Posts, Texas, Wall Street

Our present Phenomenally Low Interest Rate Era slips quietly into the next. Interest rates will rise very, very, soon. We sense the change, but wonder, what does this mean? For many here in Middle Earth, interest rates remain mysterious. Fortunately, I found an ancient scroll during my sojourns in the Eastern Lands. Many nights, like [&hellip

Real Estate Tax Rant

Real Estate Tax Rant

By The Banker | Blog Posts, Taxes, Texas

Real-estate tax policy – incredibly important yet relatively unseen – shapes how and where we live. I’ve ranted about estate tax policy as well as carried-interest tax policy here before, and now I’d like to rant about real-estate tax policy in my city. As before, I don’t think it’s enough to say ‘I hate taxes,’ because taxes [&hellip

Sin Investing

Sin Investing

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

A version of this post ran in the San Antonio Express News. I recently used a reader question about a stock with ticker symbol MO – also known as Altria, and formerly known as cigarette maker Phillip Morris – to talk about investment returns. I suspect readers of my column on calculating investment returns responded “ok, [&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