College Savings v. Retirement Savings

College Savings v. Retirement Savings

By The Banker | Blog Posts, Personal Finance, Taxes

An astute reader pointed out some qualifications to my Friday post on 529 college savings accounts – specifically, reasons not to fund them.  The most compelling reason, coincidentally covered in the next day’s New York Times, is that funding your 529 accounts is not as important as funding your 401K retirement account. The New York [&hellip

College Savings and Compound Interest

College Savings and Compound Interest

By The Banker | Blog Posts, Personal Finance

My littlest one turned four years-old last weekend[1], and my eight year-old is taking a Texas-Public-Schools-3rd-Grade-State-Mandated-Standardized-Test this week[2], so you can probably guess what’s on this ex-banker’s mind: That’s right! Good guessing![3] Time is quickly running out for me to save money for their college tuition.[4] The only thing scarier than those scary scary clown [&hellip

Why The Wolf of Wall Street Is Total Crap

Why The Wolf of Wall Street Is Total Crap

By The Banker | Blog Posts

I have been harsh in the past about some things William D. Cohan has written about Wall Street, specifically in this review of his book about Goldman Sachs, and this view on Fabulous Fab’s criminal conviction for just doing his job as a CDO structurer. However, I really appreciated his Op-Ed in this weekend’s New [&hellip

Video: Russian TV on Bankers' Stressful Lives

Video: Russian TV on Bankers’ Stressful Lives

By The Banker | Audio Posts, Video, Wall Street

I did an interview recently for RT London, which I gather is sort of Putin’s version of a Russian CNN or Qatar’s Al Jazeera. Just more sensational. They wanted to cover what they call a recent string of high-profile banker suicides.  I have zero reason to think bankers commit suicide in higher numbers than any [&hellip

Interview: Lars Kroijer (Part II) - On Having An Edge In The Markets

Interview: Lars Kroijer (Part II) – On Having An Edge In The Markets

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

Please see earlier podcast Interview with Lars Kroijer Part I – on the importance of Global Diversification And my earlier book review of Lars Kroijer’s Investing Demystified. In this discussion with author Lars Kroijer we talk about the main assumption of his book Investing Demystified – which I happen to completely endorse – which is that [&hellip