anyone buying bank stocks?

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dualstow
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anyone buying bank stocks?

Post by dualstow » Thu Mar 16, 2023 9:36 am

Too soon?
EDIT: I added some Berkshire shares.
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Re: anyone buying bank stocks?

Post by Smith1776 » Thu Mar 16, 2023 1:25 pm

My value ETF (which has an incidental banking concentration) has tanked much more than my other equity ETFs, so I’ve rebalanced into it.

So yes!
I still find the James Rickards portfolio fascinating.
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Re: anyone buying bank stocks?

Post by boglerdude » Thu Mar 16, 2023 9:37 pm

Smarter than the market pricing are we
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dualstow
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Re: anyone buying bank stocks?

Post by dualstow » Fri Mar 17, 2023 1:37 pm

I bought a tiny bit of credit suisse earlier.
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vnatale
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Re: anyone buying bank stocks?

Post by vnatale » Fri Mar 17, 2023 5:27 pm

dualstow wrote:
Fri Mar 17, 2023 1:37 pm

I bought a tiny bit of credit suisse earlier.


What percentage of your total investing portfolio have you put into each of these two recent bank investments?

When I was younger I had a lot of investments I wanted to make. But it seemed like I did not have enough investment money for them to produce anything substantial. Now that I am older it is the opposite. A lot of those investments in the light of my total investment money would be small -- therefore not much there to get excited about.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: anyone buying bank stocks?

Post by dualstow » Fri Mar 17, 2023 8:54 pm

The Credit Suisse is like 1/1000. I will either add more nibbles over time or get rid of it.
The Berkshire is something I already had shares in, and that’s like 3% of pp+vp.
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Re: anyone buying bank stocks?

Post by vnatale » Fri Mar 17, 2023 9:13 pm

dualstow wrote:
Fri Mar 17, 2023 8:54 pm

The Credit Suisse is like 1/1000. I will either add more nibbles over time or get rid of it.
The Berkshire is something I already had shares in, and that’s like 3% of pp+vp.


So if Credit Suisse doubled today the effect on your overall portfolio would be about a 0.1% increase?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: anyone buying bank stocks?

Post by dualstow » Sat Mar 18, 2023 9:30 am

It’s small enough that I never think about that in terms of the overall. It’s just fun to sell things at a profit sometimes.
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Re: anyone buying bank stocks?

Post by vnatale » Sat Mar 18, 2023 9:53 am

dualstow wrote:
Sat Mar 18, 2023 9:30 am

It’s small enough that I never think about that in terms of the overall. It’s just fun to sell things at a profit sometimes.


Thanks. Better understand your motivation. I do the same in other ways.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: anyone buying bank stocks?

Post by vnatale » Sun Mar 19, 2023 2:35 pm

dualstow wrote:
Fri Mar 17, 2023 1:37 pm

I bought a tiny bit of credit suisse earlier.


How do you think this will affect your investment?

https://www.washingtonpost.com/business ... tion=alert

ECONOMY
Two Swiss banking giants combine to quell growing global bank crisis
UBS will take over beleaguered Credit Suisse, capping more than a week of speculation over the Swiss giant’s fate
By Abha Bhattarai and Rachel Siegel
Updated March 19, 2023 at 3:17 p.m. EDT|Published March 19, 2023 at 2:53 p.m. EDT
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: anyone buying bank stocks?

Post by dualstow » Mon Mar 20, 2023 10:58 am

vnatale wrote:
Sun Mar 19, 2023 2:35 pm
dualstow wrote:
Fri Mar 17, 2023 1:37 pm
I bought a tiny bit of credit suisse earlier.
How do you think this will affect your investment?
….
I see a share is now worth less than a dollar.
RIP Marcello Gandini
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Re: anyone buying bank stocks?

Post by vnatale » Mon Mar 20, 2023 11:27 am

dualstow wrote:
Mon Mar 20, 2023 10:58 am

vnatale wrote:
Sun Mar 19, 2023 2:35 pm

dualstow wrote:
Fri Mar 17, 2023 1:37 pm

I bought a tiny bit of credit suisse earlier.


How do you think this will affect your investment?
….


I see a share is now worth less than a dollar.


What was the share price at the time of your purchase?

Good thing hour purchase was less than 1/1,000th of your portfolio!
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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dualstow
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Re: anyone buying bank stocks?

Post by dualstow » Mon Mar 20, 2023 6:17 pm

More like $2 O0
Yeah, glad i didn’t put 10K in!
RIP Marcello Gandini
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