Open Question
Jim, I'm 18 years old and will be leaving for 2 years in May. I'm looking to put
my assets into the correct long-term plays, with about 10% being divided between
C and WB. With all the support for C at 3 and the CEO of WB buying $30 mill a
few weeks back, I'm sensing long-term bottoms in both. I've opened small
positions recently, do you agree that now is a good time to get 50%+ of the
position in?
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I just have to repeat...see TheStreet.com video on Citi!
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Ok, This is where I get lost with the mad money program......The guy is in for
two years, a decent amount of time. Oil is NOT a sure thing anymore than any
other sector is,but not my real question. On the issue of "C" being /bad/ok/not
sure/ not worth the risk etc etc...... Why are we ( aal/&me) holding it if it is
not the BEST place to be for the future?? I can accept the poor results so far,
could have done better but everyone can't be a home run. WB , also can accept,
originally was buy, then was put down to a don't buy after a writedown. But why
are we not cutting our loss and moving on if C is not a good place to be?
anybody?
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if you're not gonna look at it for 2 years, then consider something that you
know will go up. After all, you want to have something to come back to (and C
is far from a sure thing).
WB is safer than C, though I don't know if one would characterize any financials
as safe. For 2 years out, I'd rather have something like COP or PBR. In two
years, even if oil goes down, oil stocks won't.
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2 year long term plays, i would use Jim's new book to help with some mutual
funds if your not going to be able to change.
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Wait, I would diversify just a bit more and Drop C all together (or at least see
Jim's video at TheStreet.com,(its free) about Enron type vibes from C )Pick 3 to
five plays if you can, you can get powerful pick in that and be much better off
in the 2 years.. Check it out further and see some of Cramer's longterm picks
also..(You can review MadMoney a CNBC) AND ask a new question here for 1 great
pick...just take an extra couple days to get it right...
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too hard for this guy-i like Hudson City and Wells Fargo
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sorry, I meant "With all the support for C at 30"
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