BAC and AIG

[bman99]

I am kind of a new to stocks well i have been investing in them when i was younger but got out of them when i was about 18 but I am trying to get back into it. I am 21 years old now and I have been talking to investors and lately i have been with the run the banks have been having. I was talking to an investor the other day and he told me that i should invest in BAC and AIG. So i did as he advised and now BAC is down 2 dollars from when i bought it and AIG is actually down 20 cents from when I bought it. Is it wise for me to stay in the bank market and just hold on for the long term? I am trying now to invest in my future. I also have been looking at green energy stocks such as YGE. Would that be a wiser investment for the long term then BAC AIG C STI any of those. Thanks for any of the help and sorry for such bad grammer.

[Stin]

BAC is a horrible bank. Right now they have to raise a lot of money which means dilution or decreased future earning power (basically another form of dilution). Go own a beaten down GOOD financial. WFC JPM GS MS come to mind.

AIG is a lottery ticket and probably not a very good one. You might make/lose some quick bucks trading it but overall its dead money.

If you are investing in your future go find some good companies that will still be around with good earnings in the future.

[yoyomama]

Right now they have to raise a lot of money which means dilution

Believe what he says...I'm a newbie who didn't think it could happen to me but guess what - it did 3 times overnight with 3 POS companies.

[bman99]

what do you think about Citi is that an alright bank??

[Stin]

I dont like C either, but probably better in the short term than BAC in my opinion. You can make some quick cash in these names for sure, but I wouldn't want to own them.

Here is a cool link to compare financials: http://online.wsj.com/article/SB124163049445592523.html#project%3DSTRESS0409%26a rticleTabs%3Dinteractive

[BULLSEYE]

Go to the ag sector, china stocks, alt energy. Can go wrong there. I actually like BAC for a long term hold. in a few years bac will be over 20. I can almost garuntee that.

[okrobie]

I'm purely a technician and my perspective is mostly short term, so I have no idea about the long term prospects for BAC or AIG.

My opinion of BAC is bearish for at least the next week. I'm looking for at least another 2 dollar drop from here.

AIG is a crap shoot but my reading of the chart the chart say's it's headed down from here.

FYI I'm one of the ones in the recent poll who checked "Yes the sell-off will begin soon and we'll make a new low" That gives a clue to my overall bias.

The advice of old timers can be good (or not), but your own knowledge and experience will be your best assets as you progress in this journey. Don't be discouraged by your losses, just be sure to learn from them.

Congratulations on getting the investing bug so young in life. I'm sure you will do well.

[bman99]

Yeah i made quite a few dollars with Citi and aig and Ford by buying and selling for short term. But I have been thinking about it the last 2 weeks that i need to do long term so maybe and hopefully i can retire early. I am also playing with some penny stocks but not with alot of money just a little bit so the lost of that money will not hurt. But other then that I will start looking into more energy efficient stocks then. I have listend to my father alot and he also thinks that the banks will turn around eventually but the worry is how long. I do believe that BAC and AIG will eventually go back up but years from now. I am worried that just being stuck with them for a long time might make me lose a opportunity with a green energy stock or maybe a better stock. I feel as if they do go back to where i paid for them i will just remove my money from them at break even. But in yalls opinion is there any real rounded stocks that pay back good dividends just in my opinion i figure dividends would help me along my way for a earlier retirement maybe not sure. But i appreciate all the help Thanks