Weekly Roundup - June 24, 2017
|Happy Weekend! Check out what's been going on in my world and some of the best articles from around the blogosphere.|
I hope everyone has been having a good couple weeks. I've taken a bit of a break from writing, well not a planned one, it's more that life has gotten very busy. As many of you know I work out of town so when I'm home my productivity regarding writing declines because I'd much rather spend time with my wife and daughter. Especially now that my wife is on summer break from teaching and is home.
We're gearing up for our road trip to Nashville and plan to leave around Tuesday of this week. We don't have much of a plan other than to make it to Nashville before July 4th so we can see the fireworks display there with our friends. So it's pretty much just going to be a meandering trip over to Nashville which I'm looking forward too.
If anyone has any recommendations for places to see in either Louisiana, Mississippi, Alabama or Tennessee feel free to pass them along.
In other news it pays to have big pockets. Warren Buffet and Berkshire Hathaway announced a deal with Home Capital Group that is another classic Buffet deal where he's the "financier of last resort." I only read a cursory overview of the deal so forgive me if some of the details are wrong. The gist of the deal is that Home Capital Group gets a $1.5 B line of credit from Berkshire with a 9% interest rate on the credit used and a 1-2% rate for the privilege of having the access. In return Berkshire has the right to purchase around 40% of the company at a 33% discount to where the shares were trading prior to the deal being announced.
This is a classic Buffet deal with a huge margin of safety similar to the deals he was able to enter into during the fallout from the financial crisis. When you're the lender of last resort you essentially get to write down whatever terms you want as long as you're willing to walk. This is a great deal for Buffet and Berkshire, but likely won't really move the needle much for the company's valuation.
On to the Roundup
In case you missed them, here's the posts from Passive-Income-Pursuit over the past week.
Also, be sure to sign up to receive posts via email and to follow me on Twitter@JC_PIP so you don't miss anything. You can also follow me on Facebook or Pinterest if you prefer those methods to get your daily fix and keep up to date on happenings around here.
Once again I'd like to say thanks to each and every one of you that read, commented, and shared posts from here this past week. This dividend growth investing and financial independence community is amazing and the openness from everyone is awesome. Thanks again!
Now on to the links!
Investing In The Dividend Champions From 2007 by Dividend Growth Investor
Skills Matter: Differentiate Yourself by Income Surfer
How To Invest In An Overvalued Market by A Wealth of Common Sense
When Speculative Investments Pay Off Big by Retire Before Dad
Uber's Bad Week: Doomsday Scenario Or Business Reset? by Aswath Damodaran
Great News: There's Another Recession Coming by Mr. Money Mustache
Escaping The Magnetic Pull Of A Bubble by Jason Zweig
Value Disruption, Tesla, and Other Stuff I Will Never Understand by Diary of a Mad Retail Puppet
The Paradox Of Growing Up So We Can Avoid Growing Up by Our Next Life
May Dividend Income From You The Bloggers by Dividend Diplomats
Recent Stock Purchase June 2017 by DivHut
Ask The Readers: What Motivates You On Your Quest For Financial Independence? by Tawcan
How Would Ann Miura-Ko Have Reacted If Bill Gates Had Walked Into Her Office In 1975 by 25iq
Recent Sell by Roadmap2Retire
Cryptocurrencies: A Massive Home Run! by FI Fighter
If you're looking for investment ideas, A Frugal Family's Journey maintains a list of stock analyses and recent buys from fellow bloggers.
I hope you all have a great weekend!
Image courtesy of Gubgib via FreeDigitalPhotos