Make Money Investing The Warren Buffett Way
Added 650 more shares of XLF at $8.85 to bring total to 1000 shares. I like this financial sector ETF.
Added 360 more shares of GE at $11.95. General Electric has been crushed.
Sold all of UYG at $3.15 for a 10% profit. Leveraged ETF’s are only for trading not for investing.
Sold all of UCO at $12.70 for a 15% gain. Another leveraged ETF.
For my long term investment portfolio, I added 100 more shares of General Electric at $12.95.
For my short term trading, I bought 750 shares of Ultra Financials Proshares(UYG) at $2.84. Financial stocks are trades right now. Every bank stock got slaughtered today. Some examples: PNC bank lost over $15 per share today to close at $22. Citigroup lost 20% of its value today to close at $2.80. Bank of America lost nearly 30% of its value to close at $5.10. M&T Bank was down 10% to close ar $35.60. Wells Fargo & JPMorgan Chase down over 20% a piece. Some of these stocks deserved to be punished but every financial stock didn’t deserve the beating that they took.
