The Illusion of Democracy

The Illusion of Democracy

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

A new dilemma arose today in the ‘Teach my 9 year old child about money’ project. Kellogg’s sent her a voting card and ballot proxy, urging her to exercise her right to suffrage at the annual shareholder’s meeting, or more preferably, by signing a proxy form and sending it back to management. She has that voting [&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

What Is The Value of A Skills Upgrade?

What Is The Value of A Skills Upgrade?

By The Banker | Blog Posts

A version of this post ran in The Rivard Report. What is the value of an education? Like many, I see education from a combination of angles. Unquestionably, education makes us broader thinkers and more sparkling conversationalists. Education makes us more actualized humans. But as a finance guy, a small evil part of me always [&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