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Follow the oracle?

I’ve been pondering adding a bank stock to the pocket change portfolio for a quite a while now, why? The reason being is financial companies usually provide a nice dividend, and that’s what my portfolio is all about. But with many of the financial stocks not doing so well, is it the wrong move? I think not. With a long term outlook, buying good companies in a slump is the best thing to do.

I think I’ll follow in the foot steps of Warren Buffett. With the weakened financials, he’s been adding to his holdings of US Bancorp and Wells Fargo. USB, is sporting an annual yield of over 5%, while Wells Fargo is distributing around 4.6%. Not too shabby.

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