Archive for the ‘Wall Street’ Category

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

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

Student Loan Nationalization

Student Loan Nationalization

By The Banker | Blog Posts, Texas, Wall Street

I’ve heard zero public discussion of the effective nationalization of higher education lending over the last six years. In 2010, with the Great Recession crisis still fresh in our minds, amidst the passage of the Affordable Care Act (aka ACA, or Obamacare), the federal government all but eliminated the private sector student loan business and [&hellip

Check Out This Acorns Thing

Check Out This Acorns Thing

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

I downloaded a fin-tech app called Acorns a few weeks ago. I recommend you drop this blog post now, text your favorite twenty-something, and make sure they’ve downloaded this thing already. I am now an evangelizing convert. Here’s a short list of problems many people have in getting started investing and building wealth. No money [&hellip

Donald Trump - Sovereign Debt Genius

Donald Trump – Sovereign Debt Genius

By The Banker | Blog Posts, Wall Street

One of The Donald’s great strengths is that he latches onto a partial truth – or an unspoken but widely held belief – and then expands upon it for his own purposes. Obviously this can veer into disgusting territory, when it comes to expressing sexually insecure men’s feelings about women, or insecure workers’ feelings about economic threats from China [&hellip