Upper Income People Can't Be Bothered With The IRA

Upper Income People Can’t Be Bothered With The IRA

By The Banker | Blog Posts, Personal Finance, Taxes

Please see my earlier post on The Humble IRA.   Does the humble and homely Individual Retirement Arrangement (IRA) matter to well-paid people? I remember being shocked in the late 1990s when my mentor Jim on the bond trading floor at Goldman declared “I don’t bother with IRAs because nobody’s getting rich investing through an [&hellip

The Humble IRA

The Humble IRA

By The Banker | Blog Posts, Investing, Personal Finance

Hey everybody exposed to some form of media of the Financial Infotainment Industrial Complex: there’s just a short time left until the April 15 deadline to contribute to your tax advantaged IRA for the previous tax year.  Which would be impossible not to know, at this point. Oh, the humble, the homely IRA – is [&hellip

Financial Time Out - For Poetry

Financial Time Out – For Poetry

By The Banker | Blog Posts

In honor of the 4.5 years since Warren Buffett showed us all how its done, in the midst of the near-implosion of the financial universe, and in light of the announcement today about how he continues to reap the benefits of his investments, an oldy but goody, “If.” If you can keep your head when [&hellip

Cyprus Bank Tax - The Big Picture

Cyprus Bank Tax – The Big Picture

By The Banker | Blog Posts

  Over the weekend the European Union agreed to a 10 Billion euro bailout of member country Cyprus’ banking sector, but imposed as a condition of the bailout a 9.9% tax on all bank deposits above 100K Euros.[1] On its face and in the abstract, this proposal is a horrible way to bail out a [&hellip

New Highs in the Dow Part III - What Should I Do?

New Highs in the Dow Part III – What Should I Do?

By The Banker | Blog Posts, Investing, Personal Finance

Please see New Highs in the Dow Part I – Indifference and Inevitability And New Highs in the Dow Part II – What’s going to happen? ——————————————— First, if you’re actually an investor[1]  in public securities[2], take a moment to be sad about these past two weeks and all the new highs hit in the [&hellip