Quote:
Originally Posted by 784caroline
The financials have taken a beating in 2009 and are still dirt in many minds but have come back some....and alot of advisors are starting to "selectively" recommend them. Rather than guessing on which one.....this ETF is a play for yield (9%+). If...IF the economy recovers antime soon, you could have some appreciation as well as a nice yield here. COMMENTS??
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Hi Caroline,
You asked for comments and I must preface mine by saying that it is based upon no sophistication at all when it comes to investments.
Also, I have not used ETF's, but I do find them interesting because they are more nimble than mutual funds, as I understand it anyway. I am not a fan of mutual funds, but I keep meaning to learn more about ETF's.
About those financials though....I just cannot forgive them and I probably never will.
Re. the bank part of it all.....I looked at buying some individual bank stocks when they were starting to do obscenely well and paying a tempting dividend. 5/3 in Cincinnati was one that I thought about. But then I thought a little more and something in my gut told me that banks and stockholders might not be a good mix. -- But, personally, I have never liked big banks. So that was a factor, too. I have always used small community banks. (But now I hear that they are being punished for doing things right.)
And then Greenspan just kept giving money away, fearing inflation, and that looked like all Mr. G could see, and he would not listen to me when I yelled at him and on and on it went and we are still in it... and will be for a long, long time, I think.
I have great concerns about any investments tied to commercial property. Big box stores are swallowing everybody up and so many people just love to shop on the internet and then wonder why more and more retail space is abandoned. So we have not only empty manufacturing space now, but empty retail space, and a lot of empty office space because the customer service or tech support for so many companies has gone somewhere else in the world, and oh yeah, I almost forgot the empty car dealerships.
Anyway, I am digressing here and I need to shut up and go get busy on something else.....
And, Caroline, I wish you the best in your investments. I want people to do well. And I know that I don't know anything.
My comments are just that. Just my own theory. And it probably has all kinds of holes in it I know.
But like I said, I choose investments in the most unsophisticated manner imaginable. I look around.
Boomer