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The Three Types Of Financial People

|Includes: KO, MCD, Wells Fargo & Co. (WFC)

In the financial world, there are just three types of people: those that pay interest, those that earn interest and those that own the bank.

Now assuredly one might cycle through all three stages (and back) throughout their lifetime. Moreover, it's a bit a simplification in that you can do these things simultaneously. However, it remains that at any given time you are a net payer, a net earner or a net owner...

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Disclosure: The author is long WFC, KO, MCD.