Buying Bank of America
So I’m taking my winnings from Cold Water Creek and putting them into Bank of America (BAC). I needed a financial stock to diversify my portfolio, and Bank of America seemed cheaper, both in absolute terms and in P/E than Citigroup (C).
Things started out OK, but now it’s falling a bit. I’m at about where I started. That’s OK. It’s only been a week. Slow and steady growth wins the race!