02-09-2017, 11:35 AM
How is everyone feeling about WFC nowadays?
I jumped in around $45 or $46 with a couple of different buys during the "scandal". While I had been eyeing WFC for a long time, I'm not too confident in the US banking sector and those buys were maybe more because of the beaten down price. I saw value and I grabbed it... and at first I considered it to be a decent addition to my portfolio but now I'm starting to question that decision. US banks have a history of causing havoc once in a while and I certainly wasn't too pleased with the latest quarterly report.
I'm thinking about selling.
The cash would go into increasing existing positions in my portfolio, 5 others and CM.TO which is the only financial on the buy list for February. Even though it wasn't the original idea, getting out now would make this a pretty damn good trade and with the companies I'm adding I'd be looking at more dividend income as well as probably higher dividend growth rate too.
Is anyone else thinking of selling or is WFC still a hold forever stock for you guys?
I jumped in around $45 or $46 with a couple of different buys during the "scandal". While I had been eyeing WFC for a long time, I'm not too confident in the US banking sector and those buys were maybe more because of the beaten down price. I saw value and I grabbed it... and at first I considered it to be a decent addition to my portfolio but now I'm starting to question that decision. US banks have a history of causing havoc once in a while and I certainly wasn't too pleased with the latest quarterly report.
I'm thinking about selling.
The cash would go into increasing existing positions in my portfolio, 5 others and CM.TO which is the only financial on the buy list for February. Even though it wasn't the original idea, getting out now would make this a pretty damn good trade and with the companies I'm adding I'd be looking at more dividend income as well as probably higher dividend growth rate too.
Is anyone else thinking of selling or is WFC still a hold forever stock for you guys?