Comments on: The Dow Jones US Financials Index Is a Who’s Who of Crappy Companies http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: SammyD1st http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/comment-page-1/#comment-320724 SammyD1st Thu, 12 Jun 2008 00:48:35 +0000 http://allfinancialmatters.com/?p=2578#comment-320724 ... so crappy I'm buying them right now, thanks! … so crappy I’m buying them right now, thanks!

]]> By: Transcendental Success http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/comment-page-1/#comment-320463 Transcendental Success Wed, 11 Jun 2008 01:23:22 +0000 http://allfinancialmatters.com/?p=2578#comment-320463 The financial sector is down ... it's the credit crunch you've been blogging about! Oil is up nowadays :) The financial sector is down … it’s the credit crunch you’ve been blogging about! Oil is up nowadays :)

]]> By: Personal Money Tips http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/comment-page-1/#comment-320456 Personal Money Tips Wed, 11 Jun 2008 01:09:50 +0000 http://allfinancialmatters.com/?p=2578#comment-320456 You know when I hear that good companies shares have negative returns on the exchange, I get excited because it’s a buying opportunity. Remember that we can’t change the price of shares on the market in the short term but we can buy quality and hold it for the long term and prosper You know when I hear that good companies shares have negative returns on the exchange, I get excited because it’s a buying opportunity. Remember that we can’t change the price of shares on the market in the short term but we can buy quality and hold it for the long term and prosper

]]> By: Bozo http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/comment-page-1/#comment-320449 Bozo Tue, 10 Jun 2008 23:47:50 +0000 http://allfinancialmatters.com/?p=2578#comment-320449 I have VFH in my Schwab account. It's not pretty this year (that's an understatement), but if you're holding for the long-term (at least ten years), stuff reverts to the mean. My serious money for the next 12 years is all in CDs (laddered, of course), so these daily/weekly/monthly gyrations are of academic interest, but not retirement-threatening. Bubbles form, bubbles burst. If you're diversified, bubbles are just noise. Yours, Bozo I have VFH in my Schwab account. It’s not pretty this year (that’s an understatement), but if you’re holding for the long-term (at least ten years), stuff reverts to the mean. My serious money for the next 12 years is all in CDs (laddered, of course), so these daily/weekly/monthly gyrations are of academic interest, but not retirement-threatening.

Bubbles form, bubbles burst. If you’re diversified, bubbles are just noise.

Yours,

Bozo

]]> By: JLP http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/comment-page-1/#comment-320446 JLP Tue, 10 Jun 2008 23:32:30 +0000 http://allfinancialmatters.com/?p=2578#comment-320446 Jeremy, You're probably right. I think I would look at IYF, VFH, and XLF for financials and PFF for preferreds. The sector is still risky but at least there's some diversification among these ETFs. Jeremy,

You’re probably right.

I think I would look at IYF, VFH, and XLF for financials and PFF for preferreds. The sector is still risky but at least there’s some diversification among these ETFs.

]]> By: Jeremy http://allfinancialmatters.com/2008/06/10/the-dow-jones-us-financials-index-is-a-whos-who-of-crappy-companies/comment-page-1/#comment-320441 Jeremy Tue, 10 Jun 2008 23:11:02 +0000 http://allfinancialmatters.com/?p=2578#comment-320441 Looks like a pretty good buying opportunity for preferred stock in some of these companies. Many financials are issuing some attractive preferreds with juicy yields and pretty good credit ratings. You can find some yields close to 10% right now. Could provide some good short-term income to offset some of the volatility while providing additional upside in terms of capital appreciation when things recover. Although, I'd probably wait another month or so as I don't think we've seen all of the damage unfold in this sector just yet. Looks like a pretty good buying opportunity for preferred stock in some of these companies. Many financials are issuing some attractive preferreds with juicy yields and pretty good credit ratings.

You can find some yields close to 10% right now. Could provide some good short-term income to offset some of the volatility while providing additional upside in terms of capital appreciation when things recover.

Although, I’d probably wait another month or so as I don’t think we’ve seen all of the damage unfold in this sector just yet.

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