Over the last couple months I have spent a lot of time monitoring and adjusting our investments as the market has been so volatile and uncertain. I trimmed back on anything financial or related to financial. For example I sold positions in Goldman Sachs, Morgan Stanley and Discover. I also reduced or sold some positions […]
On June 30 Morgan Stanley (MS) will be spinning off it’s Discover Financial Services business to shareholders. I believe this poses a great opportunity for investors as Morgan Stanley, like it’s peers in the investment services industry, is quite undervalued. However, credit card companies like Mastercard and American Express are commanding good premiums for their shares. […]
