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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: CrabbyTurtle who wrote (234)	7/27/2021 11:06:55 AM
From: chowder	Read Replies (1) \| Respond to of 21999

I avoid holding USA banks because I have been through three bank crashes now. First I think were the Thrift Banks, the next crash the Savings & Loan Banks, the last crash the Money Center Banks. It just seems to me that if there is a way for USA banks to screw up, they find a way to do it. In spite of all this we then have WFC in constant turmoil. Although there are USA banks in some of the CEF's I own, it's the exposure to other financial assets I prefer, insurance companies, brokerage firms, treasuries, etc. I have more faith in Canadian banks. Australian banks had a very good reputation at one time but I haven't followed them in a long time.