RE:RE:RE:BY the way FTN does NOT hold USBThis isn't a personal thing.
I don't have a hard on for FTN, if I did, I wouldn't have recently purchased 30k units.
I like banks in general as an investment vehicle, simply because they lend money to every single sector of the overall market and they're about the most diverse investment that can be purchased by retail investors that give decent returns
My posts were made to show that our feelings about banks aren't presently shared by some extremely influential movers and shakers, which Berkshire most definitely is.
That doesn't mean FTN is not a relatively safe investment vehicle to ride out the coming recession. IMHO.
You look at and depend on NAV, which isn't always good indicator or what can go awry, very quickly, simply because it's based on past and present numbers and doesn't take into account other influences.
From what I can see of today's trading, there seem to be a lot of day traders etc jumping in and out of FTN.
I'm even thinking about jumping out again today myself.
I did that a few weeks ago and left a lot of money on the table but did come out with a decent, for me, profit.
FTN is a great investment IMHO, buying and holding just isn't in my comfort zone during this voalitile time in the markets. More money to be made playing the swings than to hold for distributions.
I really like your comments but now I believe you're taking anything that's contrary, no matter how relavent personally or assuming I don't like FTN. None of that is or was my intention.
GLTA the good folks here