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here's the deal - i've currently got 5 stocks in my portfolio.
i'm thinking of trading out one for another.
namely Wells-Fargo for CostCo.
Now here's the deal - i'm not entirely unhappy with Wells-Fargo, they're fairly stable, always have been it seems - but - i'm really concerned about the real-estate market right now - and feel a bubble burst is pretty much inevitable.
And Wells-Fargo is a leader in the mortgage industry, so i'm venturing a guess that if the housing market takes a nose-dive, WFC will go down too - at least a little.
Which leads me to Costco - which you can't really go wrong with because it's consumer goods - if anything, if real estate tumbles it could go up, simply because they sell big stuff for cheap. They pay dividends as well - but i haven't looked at how there's compare to WFCs.
But from what i understand - it seems Costco's a little overvalued at this point.....
what are y'alls thoughts?
buy/sell or Hold?
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