Ask an Ex-Banker: What Are Discretionary Accounts?

Ask an Ex-Banker: What Are Discretionary Accounts?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Texas

NOTE: A version of this post appeared earlier in the San Antonio Express News Dear Mike, I wanted to report on my meeting with JPMorgan today. They were very nice, very polished. They handle private accounts and were confident that we could easily transfer my money over to them. They told me that they have [&hellip

Money Isn't Everything - Its Nothing

Money Isn’t Everything – Its Nothing

By The Banker | Blog Posts

NOTE: A version of this post appeared in the San Antonio Express News Opposites Day Today I’ll take a break from our regularly scheduled program on money to exhort precisely the opposite focus in our lives. Today, money doesn’t matter. At all. No, its not really “opposites day.” But it is Thanksgiving week, so it [&hellip

City Direct Equity Investments - UGH

City Direct Equity Investments – UGH

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

A version of this post appeared in the San Antonio Express News. I read with much interest the story last week of the San Antonio City Council approving a direct investment of $1.75 million in city funds to move three startup medical device manufacturing companies to San Antonio. And by “much interest” I mean the [&hellip

Book Review: Flash Boys: Not So Fast by Pete Kovac

Book Review: Flash Boys: Not So Fast by Pete Kovac

By The Banker | Book Reviews, Investing, Wall Street

Peter Kovac wrote Flash Boys: Not So Fast, as a point-by-point refutation of the major premises of Michael Lewis’ Flash Boys. At the end of Kovac’s book – well actually, after just the first few pages – you’re left with the strong impression that Lewis wrote a tale built on speculation about a dramatic – [&hellip

A Million Dollars Richer - For Almost Nothing Except Coffee

A Million Dollars Richer – For Almost Nothing Except Coffee

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

Editor’s Note: A version of this post appeared in the San Antonio Express News I’d like to be a million dollars richer. And I don’t particularly want to work for it. I feel the way native San Antonian, former San Antonio Express-News writer and Saturday Night Live faux-philosopher Jack Handey did when he wrote: “It’s [&hellip