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Old 12-03-2024, 09:30 PM   #14024
Buehler445 Buehler445 is offline
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Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
Quote:
Originally Posted by Rain Man View Post
I've had IBM forever, and I don't even really know what they do any more. The stock was stagnant for a long time and I only kept it because it paid a good dividend and I didn't know where else to put the money. But then a few years ago it started doing pretty well. It's actually been a nice producer for me for the past few years.

I completely flubbed MMM. I bought it and held it for several years while it declined, and then I finally sold it off right as it started climbing. You win some, you lose some.

I started buying into banks headlong about four months ago. That's not because I have any theories, but more because I was having some cash freeing up and I've been underrepresented in bank stocks. I've been buying CFG, OPBK, PFBC, HSBC, and ... one other that I don't recall right now. The HSBC and the other one have been muddling around, but the first three have been doing well. I started buying the CFG about a year ago as a one-off, and it's been a star for me.

I keep thinking that companies that are fully operating in the USA will probably enjoy some advantages over the next couple of years, which may help companies like IBM, MMM, GE, and others.
I bought some more bank stock during the scare, but I should have bought JP Morgan. They ended up with all the discounted assets. Damn I'm dumb.
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