Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I honestly did not know that I was offered shares as a "part-owner", I thought the first opportunity offer was merely goodwill. Gee, I've learned something already!

I did know about Peter Lynch's views on S&L's, as I have read his books a couple of times. This is my first investment in a financial institution, however.

Third Federal didn't deal in sub-prime mortgages

Yes, and this influenced me greatly. A sign that management has some integrity, in that they don't pursue every last dollar at any cost. In this area that strategy seems to have served them well.

Did you check the commercial loan exposure?

I must admit I did not. I assumed (something I do try to avoid) that the lion's share of TFS's business was residential mortgages, and didn't really consider the commercial side. Probably ignorant, I suspect, as commercial loans are undoubtedly very lucrative.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.