chaosensues
New member
My 70 y/o mother is creating a trust for her children and she wants to transfer some shares of First of Long Island Corp. to us that were gifted to her a long time ago. It seems like a sentimental stock (if there is such a thing) and I'm trying to decide if I should suggest that it be moved to a broad market index fund.
I'm newer to investing and find valuations to be interesting. The problem is that I'm new to it and hear that banks are notoriously difficult to evaluate. ROE is 8.3% and the net cash/debt varies widely. It's got a low P/E but I don't even know if that's relevant. Stock could do okay or could go bankrupt, we all know how that goes. Would it be better to just put it all in VOO or VT?
I appreciate any feedback. Thank you!
I'm newer to investing and find valuations to be interesting. The problem is that I'm new to it and hear that banks are notoriously difficult to evaluate. ROE is 8.3% and the net cash/debt varies widely. It's got a low P/E but I don't even know if that's relevant. Stock could do okay or could go bankrupt, we all know how that goes. Would it be better to just put it all in VOO or VT?
I appreciate any feedback. Thank you!