(12-11-2018, 10:50 AM)Otter Wrote:(12-11-2018, 10:29 AM)crimsonghost747 Wrote: More TD.to
On my list to add more. Am about -6.5% on a position I initiated about a year ago.
Added to my position in SQ this morning. Not a dividend payer, and no telling where the bottom is with these fintech growth companies, but nibbling at 36% below the highs seems alright.
The fintechs will require monitoring as always, but over all financials have reached a point where the risk-reward is hard for me to pass up. Very solid institutions paying nice dividends, and many have slowly corrected 20% like a tech stock coming off a run. Perhaps I am missing something, but it's not like I am hearing anyone predicting a major bank or insurance company is about to go out of business, or even significantly miss earnings.
Started a position in a Vanguard Financial ETF, to go along with my positions or puts on BAC, PRU and MET. Sold some of my utility ETF because the utes are looking pricier by the day. We'll see how that goes. I'm more diversified in any event, though it may require extreme patience with the financials as Buffet seems like the only one that likes them in 2018.