Never Sell! A Disney and Churchill Mashup

Never Sell! A Disney and Churchill Mashup

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

In November I took my five-year-old’s life savings (mostly tooth-fairy money and birthday gifts) and bought her 4 shares in Disney stock via a custodial (UTMA) account. Fellow readers of If You Give a Pig a Pancake will already be familiar with the idea that certain actions lead inevitably to reactions. You see, if you [&hellip

Behavior Matters, Not Markets

Behavior Matters, Not Markets

By The Banker | Blog Posts, Investing, Personal Finance, Texas

From a personal finance perspective, markets don’t matter in the least. Behavior matters. Imagine if financial media reported every day on what actually affects whether you get richer or poorer over your lifetime? Wouldn’t that be awesome? I mean, don’t get me wrong. My imaginary show, “Nightly Financial Behavior, with Mike Taylor” would be a [&hellip

On

On “The Economy” (If Such A Thing Exists)

By The Banker | Blog Posts, Inequality, Texas

One of the odd things about listening to Republican candidates for president is their insistence on describing the ‘weak economy’ or the ‘anemic recovery’ of the Obama Presidency. For which they propose a new approach, naturally. And obviously we understand why they say that. But just to be clear – that’s crazy talk. “The US [&hellip

Book Review: Stocks For The Long Run by Jeremy Siegel

Book Review: Stocks For The Long Run by Jeremy Siegel

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance

Reading Jeremy Siegel’s classic on investing Stocks For The Long Run: A Guide To Selecting Markets For Long-Term Growth, I was reminded of three well-known investing aphorisms. “Take the long view.” (Also related: “Successful people have long time horizons. Unsuccessful people have short time horizons.”) “It almost certainly isn’t different this time”; and “Read books, [&hellip

Hillary Clinton Tax Proposals

Hillary Clinton Tax Proposals

By The Banker | Blog Posts, Taxes, Texas

Last week I described future Republican Presidential nominee Jeb Bush’s tax proposals. This week, for balance, I will review future Democratic Presidential nominee Clinton’s tax proposals. Now, before you #FeelTheBern folks write to tell me about your favorite candidate’s chances in the Democratic primaries, I should say the following: Every letter you write me must [&hellip