2 Bank Stocks to Buy With $100 and Hold Forever
Bank stocks are a very specific category that stands out in a number of ways. Bank stocks are typically cash-rich and well-established, and they often pay dividends. They're the kind of reliable stocks that usually add value and protection to a portfolio because they provide an essential service that drives the economy.However, investors have seen during the past few years that not all bank stocks are alike, and some can actually be very risky. If you do buy the right ones, though, they can offer high value. Famed investor Warren Buffett loves bank stocks, and they make up a large percentage of his portfolio.I recommend Buffett stock Bank of America (NYSE: BAC) and newcomer SoFi Technologies (NASDAQ: SOFI) as two excellent bank stocks to buy right now.Continue reading
Bank stocks are a very specific category that stands out in a number of ways. Bank stocks are typically cash-rich and well-established, and they often pay dividends. They're the kind of reliable stocks that usually add value and protection to a portfolio because they provide an essential service that drives the economy.
However, investors have seen during the past few years that not all bank stocks are alike, and some can actually be very risky. If you do buy the right ones, though, they can offer high value. Famed investor Warren Buffett loves bank stocks, and they make up a large percentage of his portfolio.
I recommend Buffett stock Bank of America (NYSE: BAC) and newcomer SoFi Technologies (NASDAQ: SOFI) as two excellent bank stocks to buy right now.
