Posts Tagged ‘texas’

Hello Houston

Hello Houston

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

The Houston Chronicle recently started running my stuff, and I’m excited. In honor of my introduction to Houston, I’d like to offer a personal story about my very first trip to Houston. Best of all, this anecdote has a pithy financial moral at the end. In Spring 2001 I lived in New York City and [&hellip

Public Pensions - The Big Four In TX

Public Pensions – The Big Four In TX

By The Banker | Blog Posts, Texas

A key reason why I started a discussion of public pension funds in Texas by saying “Don’t Panic” is because 88% of Texans covered by a public pension plan are participants in one of just four plans, and the good news is that none of these four are in distress. Right now.  The largest four [&hellip

Public Pension System Heuristics

Public Pension System Heuristics

By The Banker | Blog Posts, Texas

Douglas Adams’ Hitchhikers Guide To The Galaxy famously advised us on the book cover “Don’t Panic,” and I think that’s a useful starting point for discussing public pensions in Texas. You see, I started by wondering “should we panic?” when I began a personal project of studying public pension, for a variety of reasonable suspicions, [&hellip

More on (MORON) Public Money For Private Sports Owners

More on (MORON) Public Money For Private Sports Owners

By The Banker | Blog Posts, Texas

This may seem like small-ball (because it is!) but I can’t sit idly by when my city’s government proudly announces their intention to shovel $75 million of public money toward building a minor-league baseball team stadium. This makes me so angry. I earlier nominated municipal attempts to lure the Oakland Raiders to San Antonio as [&hellip

Tax Liens In My Life

Tax Liens In My Life

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Taxes, Texas

Since I like to write about finance, all of real life is merely raw material for finance lessons, so I beg your pardon while I talk about tax liens in my life. A while back  I described my astonishment at how low property taxes were for ‘agricultural exemption’ property that I happened to be eyeing [&hellip