This summer, I showed you why it's important for every investor to be aware of what's happening on "Too Big to Fail" bank earnings calls.
You don't have listen yourself or read the transcripts (like I do), but investors would ignore the goings-on at their own peril.
I pay very close attention to what the bankers are saying on their calls every quarter.
In the "battlefield" of markets and the economy, the big banks are like the joint chiefs of staff, and the regional banks are the field generals.
Between the two, we can get a pretty good picture of what's going on in the financial world and the economy.
Now, let me be clear: I am not about trading the bigger banks. The banks I own, some of my favorite, most profitable investments, in fact, are the smallest community banks.
But like I said, the bigger banks and their earnings reporting are an invaluable source of information.
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of Peak Yield Investor.