Goldman looks like it's going lower - when would you be a buyer?
Answers
3963 points
MNSL answered one year ago …
I think we should avoid banks and insurance companies exposure to sophisticated financial instruments at least for the next 18 months. Demands for their financial and insurance products falling rapidly worldwide now.
If you are a long term investor if you see this bank is not going to collapse then buy in fire sales.
This period is very crucial. I think more than broad based bull market we will see sector based bull markets in some countries including USA for the next 05 years. This is the time to invest in next rotating sectors and current market mess in all types of markets have made some sectors more attractive. Next bull stocks will be completely different from past hot sectors. Some sectors will have above average returns for the next 10 years.
Now some thinks JP Morgan is the best bank in the world. I do not know who is right and who is wrong.
2222 points
readytoretire answered one year ago …
To borrow a line from Cramer, buy in pieces as most of us aren't smart enough to know when the bottom is hit. Goldman looks good long term. They evidently too a beating on the short squeeze on VW stock the other day. It went through the roof when it was announced how much that Porsche had gotten.
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457 points
SallyG answered one year ago …
I wouldn't—I'd buy a share or two fo BRK.B and get in on Warren Buffett's deal. I read somewhere that buying Berkshire Hathaway is almost like buying a mutual fund with no fees, managed by argueably the world's greatest investor. Sounds to me like a reason for putting some money there.
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