Insurance & Deposit-Funded Finance

Own businesses funded by insurance premiums or customer deposits, rather than transaction volumes or capital-markets activity. The insurance-led basket adds underwriting exposure not represented by a dedicated live North portfolio, while deposit-funded banks diversify the earnings base. Recent strength in Berkshire Hathaway, UnitedHealth and Nu contrasts with weakness in Bank of America, favoring a selective basket rather than a blanket financial-sector rebound bet. Launch basket (equal weight): BRK-B, UNH, NU, WFC, BAC, CB, PGR, TRV Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.