Am I a sucker like Buffet and Lampert in going long the banks/financials?

[Port1385]

That actually is a good deal. If you made 10% a year for 7 years, then that would be a doubling...however, BOA has always increased its dividend to shareholders throughout the entire history of the stock. I dont think they can maintain the current dividend, but there will always be a dividend.

So if you have 10% a year plus the dividend then you will probably have more then doubled your money in 7 years.

Whatever, you do the math, but its a good investment that will beat the S&P500 return over a 7 year period..

Quote from piezoe:

Doubling your money in 7 years is not such a good deal.

 

[HedgefundTrader2]

Quote from Port1385:

I will admit it. I have small long term positions in BAC/FNM/FMD and keep averaging down. Am I a sucker like Buffet and Lampert in owning these names?

You are not a sucker. You are a fool.

 

[HedgefundTrader2]

Quote from Port1385:

I will admit it. I have small long term positions in BAC/FNM/FMD and keep averaging down. Am I a sucker like Buffet and Lampert in owning these names?

Keep averaging down on losing stocks it really helps,

 

[ksonsinc]

Well if the financials turn around it will be a good new but no one know when
i am buying MER and my target is to make a small profit and get out.
so eveyone has his target and his time frame or indications as you say.

 

[larrybf]

YES

 

[robbie380]

Quote from Joab:

Following Warren is never a bad idea but you better be prepared to hold for his trading time frame!

He uses a FOREVER chart !!!

no he doesn't. you should follow his trades. he got out of PTR near the top. he will also enter and exit positions within months.

 

[Incognito]

Quote from robbie380:

no he doesn't. you should follow his trades. he got out of PTR near the top. he will also enter and exit positions within months.

How can I follow his trades ?

Thanks

Incognito

 

[Joab]

Quote from robbie380:

no he doesn't. you should follow his trades. he got out of PTR near the top. he will also enter and exit positions within months.

Has he ever taken a substantial drawdown?

The point is the can hold for as long as he wants to.

The rich get richer because, they can.