Hello I am a new Employee who will be eligible for full-time status by 1-2nd quarter. I have a option to buy stock from my check as a benefit. Is this a good stock to consider?
2007-11-17 14:17:53 · 4 answers · asked by ? 2 in Business & Finance ➔ Investing
It is a big Warren Buffett holding in his Berkshire Hathaway fund. That is a very high recommendation indeed.
In this lousy environment for financial stocks, it is possible that it can go down considerably from where it is now. I think we've got another 1 or 2 years of nastiness in the financial sector.
So don't invest a large sum all at once. Start small now (I could be wrong & things could get better soon) and keep adding over time. Make sure that you reinvest the dividends into more shares automatically.
I own Bank of America, which Buffett owns too, but his holding in Wells Fargo is much larger than his holding in BofA.
2007-11-17 15:18:52 · answer #1 · answered by Tom H 4 · 1⤊ 0⤋
My opinion is that it would be a better short than long term stock, but it still has potential in the long run. If you look at the numbers you'll be impressed (e.g. WFC has the lowest net debt it's had in four or so years), and I really like the management (good for the long term investor, which I am assuming you are).
2007-11-17 22:53:12 · answer #2 · answered by bent_reticence 2 · 0⤊ 0⤋
I've owned for several years. Decent dividend. Like other answer you received, check if you get matching purchase by your employer...free money.
2007-11-17 23:08:52 · answer #3 · answered by pumpdatiron 6 · 0⤊ 0⤋
stock goes up and down. if they offer to match what you purchase then it's a great deal.
2007-11-17 22:21:43 · answer #4 · answered by 27ysq 4 · 0⤊ 0⤋