Jackie Cummings Koski, a director of BetterInvesting’s OKI Tri-State Chapter, recently told CNBC’s “Closing Bell” that the financial fiasco involving Deutsche Bank hasn’t fazed her because as an investor she’s been “turned off’” of big banks since the Great Recession of 2008.
“I’m not doing anything different,” she said. “I really don’t have a lot of exposure to financials and the big banks. I’m just being patient. Sometimes there’s a little bit of an exaggerated response from the market from things like this and I just would like to take advantage of it.”
Koski’s top holdings are the Altria Group (ticker: MO), Berkshire Hathaway B Shares (BRK.B), Apple (AAPL) and Factset Research Systems (FDS). She’s especially fond of Apple, which she’s owned since 2007 and says is a “strong, well-run” and innovative company.
She said she’s appreciative of the dividends Apple pays. The company reintroduced its dividend program in 2012.
“Dividends are kind of important to me. It’s just so indicative of other strengths of the company,” Koski said.
Besides being a volunteer for the OKI Tri-State Chapter, serving southern and central Ohio, Indiana and Kentucky, Koski is the author of a personal finance book “Money Letters 2 My Daughter.”
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was borne out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at www.betterinvesting.org or call toll free (877) 275-6242.