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What are you buying today?


LowIQinvestor

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WFC

 

Thanks

Lance

 

What's your view on how the big banks perform amidst the current and prospective rate environment?

 

Hi HalfMeasure - in short, not well.  I think once we come out of this though that WFC will be fine. 

 

Also, trimmed TLT and added to VLGEA today.

 

Thanks

Lance

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I have been nibbling at oil trusts.

 

Not sure it's a good idea as some of them are pretty speculative, not just because of the likelihood of lower oil prices but because they are required to dissolve within the next few years, so they might lose the opportunity to profit from any rebound in oil pricing.

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