Junto

This is the discord for those that are interested. https://discord.gg/BC5gZPUhzm Again its intention is around small business acquisition and growth discussions.

Anyone here a search fund investor / small business acquisition / entrepreneur through acquisition / small business owner? I am trying to figure out how much appetite there would be a for a discord that would have resources on this item. I have found a lot of people talking about it and there is a great community of them on Twitter but no central resource / forum. Thoughts?

Even with Merchants Bank, it was secondary market lending that really drove their results. Between PPP loan volume and Secondary Market loans, this drove regional banks much more than the mega banks.

My target for end of 2021 has been 2% on the 10 yr. There’s not going to be runaway inflation but definitely persistent push higher. Myopic view on jobs numbers doesn’t take into effect the amount of people choosing not to work because of government subsidies, lack of daycare, lack of school, and government mandated business curtailments. Until government releases executive orders on businesses in line with Texas and others, jobs numbers will not return but they don’t have to in order to have a strong and growing economy. Last I checked, hospitality doesn’t drive the US economy.

$200 puts on LMND

WFC REDW ETH.X DGRO MFIN RWIFX POAGX PRNHX SNXFX TRSAX PESPX THRY WFC Jan 22 $30 calls WFC Jan 22 $37.5 calls Doesn't include a good cash position right now. Probably the lightest on individual stocks that I have been in a while.

I am not sure the top is in. The latest OCC Announcement https://www2.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html provides an avenue for national banking charters to move into cryptocurrency and improve the access to international transactions and more or less kill off the likes of Western Union and MoneyGram. As a banker, I could see a version of the future where crypto is integrated into our system. Ethereum is the platform that could drive this change, or at least initially.

I bought some of this during the past week. Crazy moves but since we have a number of international people on this board, what are your thoughts? I bought on the platform thesis providing more flexibility and ultimately more long term value to the ecosystem than looking at Bitcoin. Really enjoyed the book The Infinite Machine on Ethereum. It looks like 2.0 provides more opportunities to scale and just launched.

Call me stupid but WFC.

Bought VZ today. Full position

DGRO BRK.B

May be of interest to some of you https://open.spotify.com/playlist/5E3olbDxR4QiJQxK2UZS5d?si=MBQt4tcbQpa0iMQzQYSccw

I bought in roughly equal amounts BAC JPM C F yesterday towards end of business.

NYCB F BAC JPM UMPQ - Income Investing Strategy with opportunity for growth. Not flashy but very dependable additions.

Hi All, I ran into an issue on a microcap/OTC stock that I have been accumulating a position in. There is a ask for 2 shares out on the stock for 3 times the last trading price. Fidelity will only let me bid 50% of the amount of the ask price. More or less stopping me from continuing to add to my orders. Anyone found a work around? Thanks!

Here's a good website for them to read or sign up for. I have followed it for years and I am not even a physician... https://www.whitecoatinvestor.com/ They have a common questions section which is informative. He does collect money from the site for recommendations so it's not independent but his advice is sound and he is transparent on the referrals piece.

I bought some F today

Best Shareholder Letters to read over time: - Glacier Bancorp - Michael Blodnick (now retired) - MidwestOne Bank - Jamie Dimon (Both Chicago and JP Morgan Letters) - Nicolet National Bank / Nicolet Bankshares, inc - Frost Bank - First Republic Bank - Eagle Bank - M&T Bank - the late Robert Wilmers Are the banks that I have archived every letter over the past decade or more. All have done well.

I haven't used it yet but this site reached out to me on twitter. Wallmine.com Looks relatively good.

Another option is to get qualified on https://www.debtx.com/Corp/ and buy distressed loans for workout. It's more heavy lifting but highly beneficial to those that do it right.

We have a decent credit card rewards line up. You can check it out at https://online1.elancard.com/oad/begin?locationCode=4985 Both business and personal rewards. Business has boost for office supplies, internet, telephone etc.

A few points, agree that retail transactions are on a downward trend at branches but disagree that they don't play a pivotal role in marketing a bank and as sales centers for new customers. Brett King has been articulating the death to banks for years and yet only part of his futuristic comments have come true. Most the "innovations" are built with regional banks being the guts behind the facade (The Business Bank), including Brett King's Moven. Simple, hailed as a large disruptor to retail banks, was sold to...wait for it...a bank. The banking industry has been around for thousands of years in one form or another and I don't see that changing in the next thousand years. However, the method of delivery has constantly changed and involved with the technologies and wants/needs of the time (invention of ATMs, debit cards, credit cards, online banking, mobile banking, etc...) Here are some items to consider (http://thefinancialbrand.com/36707/the-calculus-of-bank-branch-networks/). They have not changed much in the past couple of years. Oddballstocks is right on. The disruption that should be considered is the impact of low net interest margins coupled with higher regulatory compliance costs and capital needs. This will drive consolidation in the industry. Over the past 20 years it has remained relatively consistent in my district (factoring deaths, births, mergers, etc). My expectation is that if the outlook for rates stay low, M&A activity will break out from this trend. As a result of concern of too big too fail regulation has in fact driven larger banks to get larger and smaller banks to consolidate thereby making more concentration of the banking system not less as was the intent with Dodd Frank and other regulations over the past 10 years. Lastly, credit unions are operating on government subsidies (no taxes) expanded reach and less regulatory oversight (simple call reports, no Community Reinvestment Act (CRA), etc...) than the banks they have essentially become. On a retail side, they are becoming material factors in local markets given their ability to loosen the common bond and as their size and reach escalates. Competition in banking is tough right now. There is a reason why many pink sheet banks sell for less than book value. Banks who focus on niches and create expertise in these niches are the banks executing the best in today's market. Many of the best performing banks are secondary mortgage lenders, SBA lenders, or business banks. Many other successful (top 25% ROE/ROA banks) community banks have oligopolies on their local market when looking at physical branches and concentration of deposits. In my market, Wells Fargo and US Bank have 70%+ market share. Good luck investing. I am a big financial investor and am making my investments accordingly.

AAPL DIS SAN

The answer is liquidity. Buying a whole company is not liquid for its partners to meet redemptions et al in tough years or when their partners change portfolio allocations. I agree with rkbabang that they offer a product; however, a main feature to it is that it also is relatively liquid.

+1 on Age of Empires series and Risk I have not heard of some of these others but am also in the boat of not having the time to commit.