What Did You Buy Today?

[Otter]

(04-12-2019, 12:38 PM)vbin Wrote:

(04-12-2019, 10:37 AM)divmenow Wrote: I waited an hour. And a good thing I did lol. Bought at $46.28

I own WFC and I am itching to add more. But given their recent issues I am a bit hesitant. Usually when there are these kind of issues, there is more.

I don't have an account with them and we have been getting offers from them to open a checking account with $25 deposit and $400-$500 bonus after 3 months with direct deposite. That's a very aggressive offer in my opinion. It's good they they are being aggressive to get new account but that looks desperate as well.

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Some other too-big-to-fail bank will get its turn as the hated "bankster" group soon enough. Who knows if that is Citi, JPM, or BAC. Wells Fargo failing would make the effects from Lehman Brothers' collapse look tame. I can't say when the bottom will be, but it certainly looks reasonably valued at the moment. 

Megabanks these days are like investing in large defense contractors. They aren't going anywhere, and they are cash machines.