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I thought as much, just remember that "financials" include a lot more than just banks. And as for banks under performing the bull market, I've been long BAC since 2009, and am up 210% and collecting dividends at 8.7% on my cost basis. Not too bad for an "under performer".
I thought as much, just remember that "financials" include a lot more than just banks. And as for banks under performing the bull market, I've been long BAC since 2009, and am up 210% and collecting dividends at 8.7% on my cost basis. Not too bad for an "under performer".
And PYPL is a very good place to be invested!
Bac has been awful ....the last 5 , 10 ,15 year total returns lagged bad ....you had to take on individual company risk as well as market risk to get total returns with dividends that lagged an s&p fund with out taking on individual company risk too.
Bac has been awful ....the last 5 , 10 ,15 year total returns lagged bad ....you had to take on individual company risk as well as market risk to get total returns with dividends that lagged an s&p fund with out taking on individual company risk too.
The S&p blew it away with way less risk
I was just waiting for you to chime in with that MJ, and you're right, but I'm good with it though. I have my reasons.
Probably not a good idea to have all your dough in a single equity sector
But I must admit, being overweight TECH has worked out rather tidily since '09...
Yes, if a person is willing to take on the added risk and volatility, I would suggest tech.
They need to be mindful, however, that the NASDAQ plunged more than 75% during the dotcom crash and it took 15 years for the NASDAQ to return to its previous high.
Yes, if a person is willing to take on the added risk and volatility, I would suggest tech.
They need to be mindful, however, that the NASDAQ plunged more than 75% during the dotcom crash and it took 15 years for the NASDAQ to return to its previous high,
Why tech? After it's huge run up and some of the insane valuations that tech stocks sport, why would you want to concentrate yourself in that area now? Maybe it's just my value investors mentality, but concentrating in tech right now probably isn't the best way to go long term. Sounds kind of like the buying high part of "buy low sell high". Seems rather counter intuitive to me.
It's my tendency to want to invest in quality names in the out of favor sectors (financials) when they're out of favor and wait for the turn around.
And I do realize you said "If a person is willing..." meaning that you wouldn't, but it just seems to me like the "safety" in tech because it's popular theory actually makes it more risky than the out of favor financials. Safety in high flying sectors like tech is now can be very illusory.
Why tech? After it's huge run up and some of the insane valuations that tech stocks sport, why would you want to concentrate yourself in that area now? Maybe it's just my value investors mentality, but concentrating in tech right now probably isn't the best way to go long term. Sounds kind of like the buying high part of "buy low sell high". Seems rather counter intuitive to me.
It's my tendency to want to invest in quality names in the out of favor sectors (financials) when they're out of favor and wait for the turn around.
And I do realize you said "If a person is willing..." meaning that you wouldn't, but it just seems to me like the "safety" in tech because it's popular theory actually makes it more risky than the out of favor financials. Safety in high flying sectors like tech is now can be very illusory.
Both thoughts have crossed my mind. I was wondering if now might be a bad time to focus on tech because of its huge run up. But it's been such an integral part of life, I see it staying pretty near the top. I'm not sure what industry would replace it as number 1 if it were to fall.
MA and V. They've both been tremendous growth stocks for many years, and will continue to do so.
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