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Is now a good time to buy Banking sector focused funds?

Posted on 6/6/13 at 9:12 am
Posted by Jake88
Member since Apr 2005
68023 posts
Posted on 6/6/13 at 9:12 am
I know little about this but understand that what heads on CNBC and Bloomberg say may come with the baggage of their own personal interests, but some are saying that Fed tapering and imminent increases in interest rates will help that sector take off. True or are there other mitigating factors? Has the majority of the improvement already happened? Thanks.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 6/6/13 at 9:16 am to
buy FAS its 3x ETF of the banking sector.....its up like 50% this year
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 6/6/13 at 9:24 am to
quote:

I know little about this


One of the best investment tips I've been able to agree with is "invest in what you know".
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/6/13 at 10:55 am to
quote:

One of the best investment tips I've been able to agree with is "invest in what you know".


Literally in CFA materials as something idiots do.
Posted by Jake88
Member since Apr 2005
68023 posts
Posted on 6/6/13 at 1:14 pm to
Could you elaborate on that comment please?


I've got investments in some of the larger more popular funds. I was just wondering about the banking sector for a small percentage of my investments overall.
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 6/6/13 at 1:18 pm to
quote:

buy FAS its 3x ETF of the banking sector.....its up like 50% this year


Do not do this. Leveraged ETFs are not investments, they're meant for day trading.
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