Is it wise to buy stock in a bank you hold a savings account with?
Question:
Answer:
What has one thing got to do with the other?? If you have money to invest, learn about what a good investment is. I can guarantee that there are many wiser investments out there that a single bank that you are considering. By the way, banks are not high on the radar right now. Pick up a financial newspaper or talk to a financial person to get guidance on what to do with that money. If you're still unsure, buy a CD or put the money into a money market account until you know.
If you think the bank is fiscally in good shape then putting some but not all your money in its stock might be a good idea.
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