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A little adventure can take your portfolio a long way even with the slightest of risks.
Last week, I ventured to New Orleans for the Gulf South Bank Conference.
I spent some time wandering around the town, eating entirely too much, and doing my best to help lower the excess bourbon supply the day before the event.
On Monday, I joined a couple hundred bankers, investment bankers, and research analysts to talk about the state of banking and bank stocks.
I realize this sounds boring to others, but I'm a massive fan of bank stocks and had as much fun in the meetings as I did wandering around the Crescent City over the weekend.
What I learned can make us a lot of money over the next few years.
The consensus among the gathering was that the current state of banking is pretty damn good.
Credit conditions remain excellent as the economy stays positive and the Fed stays on the sidelines.
Several bankers told me that the Fed's move last year to raise interest rates had pushed us to the brink of a recession, but now that they've reversed course, it should be clear seas and smooth sailing for the economy and the banks.
So here's exactly why one particular bank stock is worth every penny of your investment.
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.