A Florida Man’s Favorite Investment

Florida Man Investing

It’s been quite a summer for this Florida man. First, a bobcat got loose on my property, tried to attack my dog, and then fell in our pool and spent the day clung to the side of the wall. So, that was an interesting conversation with the U.S. Fish and Wildlife agency. You’d have thought that these government officials were more concerned about domesticated pets. 

Nope. They, really… like the wildlife that seems hellbent on attacking me at any given moment. About a month ago, I was standing in my garden, calling our smallest dog. Then, out of nowhere, a bald eagle burst out of the trees and swooped in my dog’s direction. Luckily, I scared it away. Those things are huge. And I can’t do anything to protect our dogs if the eagle attacks it. They’re protected. And they’re horrifying up close. 

There’s Something Dumb About Florida, Man

You probably hear all the time the notion of the “Florida Man.” Many Associated Press stories start with “A Florida man” and go on to explain how they were arrested for a variety of amusing reasons. These are actual headlines:

  • Florida man arrested for calling 911 after kitten denied entry into strip club
  • Florida man once arrested for fighting drag queen with tiki-torch runs for mayor
  • A Florida man trapped in unlocked closet for two days
  • Florida man killed by alligator while hiding from cops
  • Florida man protects car from Hurricane Dorian by parking it in kitchen

The thing that drives me nuts is the neighbor down the street, a Florida man who leaves bowls of water and food out for the wildlife in our area.  Then, when a bear, panther, bobcat, or other creature goes to the bowl to eat, the neighbor films it and puts it on Nextdoor. One day, I’m going to wake up, and that neighbor isn’t going to be there anymore. 

Looking for a Buying Opportunity

Momentum is squarely negative today in the market, which is why I’m looking to sit on as much cash as possible. This has been a tricky market for investors. Small-cap stocks have been sideways for the better part of two months. So, what is a way that we can invest right now and find upside?

I like the Boulder Growth & Income Fund (NYSE:BIF) as always. This closed-end fund trades at a 15% discount to its net asset value – meaning that you’re paying 85 cents on the dollar. 

The Boulder Growth & Income fund is a fund that primarily owns Berkshire Hathaway A class and B class shares. It also has large stakes in the stocks owned by Warren Buffett’s investment firm. These stocks include JPMorgan Chase, Yum! Brands, Cisco Systems, and Wells Fargo. 

What I like about this is that it’s a cheap way to trade like Buffett. Rather than paying $436,000 for a single Class A Berkshire share or $289 for a B class share, you’re investing in one of the world’s best companies for about $14. 

And as a bonus, you can secure a 2.9% dividend for your time. Remember, Berkshire famously does not pay a dividend. This is a very different strategy and something that not many investors seem to understand. If you’re a long-term investor, BIF is a great buy-and-hold play.

Garrett Baldwin
Garrett Baldwin
Garrett Baldwin joined Godesburg Financial Publishing as Chief U.S. Markets Analyst in early 2021. A Johns Hopkins-trained Economist, he’s worked with hedge funds, venture capital firms, angel investors, and economic advisors to the U.S. government. Baldwin specializes in market anomalies and alternative investments. He’s written extensively on momentum, value, insider buying, and other unique strategies that provide investors that elusive edge.
Garrett Baldwin
Garrett Baldwin
Garrett Baldwin joined Godesburg Financial Publishing as Chief U.S. Markets Analyst in early 2021. A Johns Hopkins-trained Economist, he’s worked with hedge funds, venture capital firms, angel investors, and economic advisors to the U.S. government. Baldwin specializes in market anomalies and alternative investments. He’s written extensively on momentum, value, insider buying, and other unique strategies that provide investors that elusive edge.

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