Bank stocks

Hi there,

After their most recent runs, I'd say they are closer to fairly valued now. With that said, I'd have no problems picking up banks here for the long term. You can try and time/wait for a pullback, but I am not a big fan of timing. It's not like the banks are expensive, so there is always the potential that they continue to do quite well before any meaningful pullback. One option is to just average into your position which is usually what I do if I am uncertain if a position is going to undergo a pullback.

Mat