sonwitch106 asked:
Banks like Citigroup, AIG, Freddie Mac, Fannie Mae who got bailed out. Are they guarantee to never go bankrupt or go out of business at least in the near future? So would it be good in invest in them in the long run?
Banks like Citigroup, AIG, Freddie Mac, Fannie Mae who got bailed out. Are they guarantee to never go bankrupt or go out of business at least in the near future? So would it be good in invest in them in the long run?
{ 2 comments… read them below or add one }
No to your first question.
There are no guarantees never to go bankrupt.
A good long run investment is arguable and different for each. It also depends on your own portfolio (how old are you, how much risk do you already have, where are your assets currently held…)
That second question should go to a certified financial advisor.
Please do not take financial advice anonymously on Y!A.
No, in life the only guarantee is death. I like the prices of the financials, but I’m not in too big a hurry. I’m hoping to see a Big Three auto entrance point!