Don’t be tempted to buy banks – here are two better options

Bank shares might look cheap right now, but don't be tempted. There are better places to put your money, says Ed Bowsher. Here, he picks two stocks to consider instead.

140627-barclays

Barclays: still taking silly risks

Yesterday was a rotten day for the banks.Shares in Standard Chartered fell 4% after the Asia-focused bank issued a profit warning.

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Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

Follow Ed on Twitter