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Bank stocks have plunged after a couple of banks failed, presenting potentially attractive entry points.
Recent comments from Federal Reserve Chairman, Jerome Powell, highlighting the need for "faster tightening" of the money supply and for higher-than-expected interest rates in the coming months have further affected investor confidence. Investors can put as little as $100 in high-quality and fundamentally strong companies such as Bank of America (NYSE: BAC) or DigitalOcean (NYSE: DOCN) -- so long as the money isn't needed to cover expenses or contingencies -- to start building wealth now. Although the collapse of regional banks such as Silicon Valley Bank and Signature Bank has rocked financial markets, Bank of America may emerge a winner in these tumultuous times.
As this Berkshire Hathaway holding of 17 years is being jettisoned by the Oracle of Omaha, I'm confidently buying.