Banks. BIG Banks. This is one industry in 2016 that has not taken off/sky rocketed or have said – even with negative evidence troubling the world we are going to appreciate. This is one of the industries that has looked in the mirror and said – oil, world crises, earnings, and other economic factors do play a toll on my business and our price will reflect that. As the S&P is slightly up for the year, one company is down 13.39% year to date. Let’s find out the Dividend Diplomat Stock Metrics over… Wells Fargo & Company (WFC).
As investors, one of our favorite words is diversification. We are taught to diversify our portfolios to avoid exposure to any one particular investment or sector of the market and achieve balance. One of the easiest ways to achieve diversification is through purchasing mutual funds, which I did at the beginning of my investing career. However, now that I have grown as an investor and now own 30 individual stocks, I wanted to take a look back at my current mutual funds to determine if too much of my portfolio is allocated to these diversified holdings. It is time to take a look at the five mutual funds I hold and determine if ACTION needs to be taken.