As Charlie says...
This board is getting like the STI board during the First Union/Wachovia fight.
WF+BBT (or a real darkhorse BBT+M&T ha!)
We should all be stocking up on NY metro banks and find something better to do than this board.
Good luck to all,
I agree with much of the previous post; however, ETF's may be one way to invest at a very small expense ratio. Mutual Funds are very expensive and much of the difference between the funds and the indexes is simply expenses(management fees, commissions, and operating expenses equalling about 3%.)
These are some quotes from your recent posts
"For better or worse knowledgeable investment pros compare stocks & bonds against market and industry group indexes appropriate for each."
"Any investment report you've ever seen uses appropriate index comparisons for every stock or bond."
Found the following on line at Motley Food and have read bascially the same informaton before. "The Vanguard S&P 500 fund has outperformed over 90% of all domestic equity mutual funds over the past three and five years."
So the professional investors you refer to of which some run mutual funds compare individual stocks to indexes and base part of their decisions on this fact, but 90% of them can't beat the return of the index. Not real sure that I would want to base my decisions on the same things that the professionals do if their success rate is less than 10% of beating the market average.
Isn't that like when you were a child and your mom told you " If Joey jumps off the roof, I guess you will jump off the roof too?"
As usual we disagree so what is new. How about on to a differet subject. How about how much the amount of JA's options have increased since 1995 or so?
Hope you have a great weekend and holiday.
Knoxfirewoman, like I said I've never been in the bank business. I work for myself and only work on a client referral basis. You can do that if you are great at what you do. If the client doesn't cut the mustard I don't do business with them ,they don't fire me.
I know this is hard for you to understand but I don't count on Corp. America for employment like you do. Anyone worth their salt works for themself, but its take balls. Appearently your SACK is empty.If you want to see a loser on look in the mirror.
Now go do what you do, get the cat out of the tree.
Would you use an international stock index to compare a domestic US stock performance? No. It's pointless to search out an obscure unrelated index that suits your point. For better or worse knowledgeable investment pros compare compare stocks & bonds against market and industry group indexes appropriate for each.
The NASDAQ index is a benchmark for NASDAQ stocks. Any investment report you've ever seen uses appropriate index comparisons for every stock or bond. There are many out there to cover the universe of investments. BB&T is one of the S&P 500 stocks and the S&P financial group & is therefore compared against those benchmarks for total returns.
I'm sorry, but I thought we were discussing total investment returns. Really don't think that the size of the bank matters in this discussion, just the size of the investment return.
Know where you are coming from and what you are saying, but does bank size really matter in investment returns?
Hope you have a GREAT weekend.
You're mixing apples and oranges. Surely you know the nasdaq financials are smaller banks many of whose stocks are bid up for takeover; not comparable to banks in the top ten in the US. The S&P financials index contains the peer group for larger banks like BB&T.
Ah...the poor "was a star performer for the bank until I left" employee. Owin, there's been tons of you who have come and gone, all the while thinking you were "the bank". Guess what? Year after year, the bank goes on without you. I know it's tought to comprehend, but it does.
I also don't understand why you think that everyone is stuck on kool-aid. I, like the majority of people I know, were from an acquired bank. I, like the majority of people I know, were skeptical that anything we did or idea that we proposed would be heard. Some people couldn't adjust and had to leave and became successful elsewhere. Some of us stayed and have become successful here. But just because we're here doesn't mean we're brainwashed. It just means we've found a place we liked. If you don't like BB&T, you don't have to work here.
Finally, why the heck does everyone keep talking about GA and the sky falling? Guessing that you have already moved on, I can say that you must not have worked for Lars Anderson. Under him, I can assure you that GA has turned around. BTW, check out the WB and STI boards. You'll hear their employees saying the same things about their bank. Go figure.
That is where you are wrong...Management doesn't know, they don't want to know because knowledge of that type would mean there would need to be a response. Employee capital is at BB&T as it is with any large bank... to be consumed. Forget about what it does to individuals and see if there is a result to what is being done. My opinion, the result prepairs the bank for sale.