Seeing small-caps grind downward day after day is a bummer, so here I am, engaging in a little escapism. Rather than self-flagellate over my latest holding to report decent numbers and promptly trade down 11%, I thought it would be more productive to organize my thoughts on market happenings and as always, the quirks of the micro-cap and OTC markets.
Banks are in a tough spot. I have a fixed-rate mortgage with ~3.25% interest rate with > 10 years to maturity. I am able to pay off the mortgage but instead invest in T-Bills or MMF yielding 5% plus. Further, the bank is offering 7-year notes at 6%. Essentially, I have found myself in the position of becoming the bank with a NIM of ~2% (without the administrative cost or burden to boot).
Not your typical investment and not exactly a secret nano cap, but one of the more rewarding odd-ball company bulletin-board like investments I made was buying Wimbledon debentures a decade ago. The principal financial return comes from receiving the only transferable Wimbledon tickets. The ROIC in the last decade has been very, very good.
Banks are in a tough spot. I have a fixed-rate mortgage with ~3.25% interest rate with > 10 years to maturity. I am able to pay off the mortgage but instead invest in T-Bills or MMF yielding 5% plus. Further, the bank is offering 7-year notes at 6%. Essentially, I have found myself in the position of becoming the bank with a NIM of ~2% (without the administrative cost or burden to boot).
Not your typical investment and not exactly a secret nano cap, but one of the more rewarding odd-ball company bulletin-board like investments I made was buying Wimbledon debentures a decade ago. The principal financial return comes from receiving the only transferable Wimbledon tickets. The ROIC in the last decade has been very, very good.
https://www.wimbledon.com/en_GB/debentures/debenture_trading.html
I do have a question: what's the easiest way you have found to stay up to date with the listings? is kind of a mess