Posts Tagged ‘insurance’

Flood Insurance - A Post-Harvey Revisit

Flood Insurance – A Post-Harvey Revisit

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

Like everyone with a home mortgage, I have homeowner’s insurance that covers most catastrophes, although the list of covered catastrophes specifically does not include flooding. Occasionally I worry because my house backs right up to the San Antonio River. Fortunately, my yard and house are outside the boundaries considered to have a 1 percent chance […]

How Not To Invest: Viaticals

How Not To Invest: Viaticals

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

I’m a big fan of niche financial markets as well as learning about how NOT to invest. This leads me this week to the “life settlements” industry, and a subset of that business known as “viaticals.” Living owners of life insurance policies sometimes seek to sell their policies on the secondary market to receive a […]

Financial Readiness - My 5 Stages of Grief

Financial Readiness – My 5 Stages of Grief

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

My personal bank – which also offers insurance and investments – recently invited me to discover my ‘Financial Readiness’ score, available in five minutes by taking a quick online survey. Now, I am a competitive person who likes to win. For example, I know my SAT scores from high school, as well as my fastest […]

Shit Sandwich - Variable Annuities

Shit Sandwich – Variable Annuities

By The Banker | Blog Posts, How Not To Invest, Insurance, Personal Finance

In my favorite movie of all time, Rob Reiner recalls the two-word alliterative review of Spinal Tap’s unsuccessful second album “Shark Sandwich,” as simply “Shit Sandwich.’ The band members react to this shocking review with resentment, but also with a sense for what newspapers are allowed to actually say. David St. Hubbins: “Where’d they print […]

On Warranties

On Warranties

By The Banker | Blog Posts, Personal Finance, Texas

I’m the least handy person I know. The Fourth Law of Thermodynamics in my household states: “Physical objects that appear to be broken, will remain broken through time and space.” I carry my un-handyness with me through life, including matters having to do with cars. When I came up with a flat rear left tire […]