jpcavin's Account Talk

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jpcavin,
Take a trip in time and read BT's thread. Go way back. BT has an affection for financials.
Personally, I lump financials in with the other time tested companies out there. Tough to go wrong.
 
Everybody has their favorites and their dogs when it comes to financials. Some are clearly better than others. Here's my short list of favorites in no particular order. I'm not holding all of these and they may not all be best for buying now. Basically the list is a starting point for research in a very diverse sector.

Federated Investors (FII) - fund management company with money market focus. Great family run history.

Interactive Brokers (IBKR) - market maker company for routing trades and orders in securities, futures, foreign exchanges. Hit hard lately on some issues but should be good long term. I'm holding it and added to my position at the recent drop.

Berkshire Hathaway B Shares (BRK-B) - self-explanatory (maybe?), but the financial sector is in there along with everything else. I'm holding long from last year, but not looking hard at adding.

Western Union (WU) - I don't own them yet, but this one I'm looking at hard. Maybe the best buy in the group. I just wish they had less debt. Dividend and Earnings are both growing.
 
I don't really get into individual stocks. Too much money to be lost if you don't know what you are doing.

I am just trying to learn to recognize the difference between a good risk and a bad risk. Was wondering how BT felt about the AIG stock because of where it was a few years back and where it is today. Would you invest in a socially irresponsible company to make a quick buck?
 
That was a nice read from Kiplinger - most appreciated when ever I can find a confirmation. I bought my first position in AIG at $21.68 and now have a double and will continue to add to my position. I practice the strategy of a renegade contrarian buying things that generally stink. I bought a 45 member position in banks and finance companies back in the summer and fall of 2008 - selling out my commodity stocks on their highs to raise the needed cash to make the purchases. A sacrifice I have yet to regret. I never buy a stock for a quick dollar - I figured the banks would take at least 3 years to regain their standings. I like to buy a stock and let the market come to me.
 
BT,

Agree on your strategy.... I have been loading up on big banks for some time now...BAC (started at $7), C (started at $3), JPM and WFC. When the economy, jobs and housing take off, i think the banks will do very well. I think it's $$ in the bank. I also think the internet infrastructure stocks (except CSCO) via IGN and PXQ ETFs are going to do well as the iphone, ipad, ipod touch, tablets demand more bandwidth...especially G4-G6 capability grow. Look at ALU...who would have thought? They have been on life support since 2003!
 
If you always wanted to play the market but didn't know enough or didn't have enough money, try Wallstreet Survivor. A Fantasy Stock Market game where you can learn trading, hands on. It's free to sign up and start playing. There is a 20-30 minute delay of market quotes.

http://www.wallstreetsurvivor.com/
 
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