Writing for Street Authority, Poonkulai Thangavelu describes Bank
of America (BAC) as possibly America’s most hated stock—the kind Warren Buffett
so often buys. Warren has put $5,000,000,000 into BAC’s preferred shares, which
yield a steady 6%. See:
My 5-year Yahoo chart for BAC shows a cliff fall in 2008-2009
and an up trend in place since the closing days of 2012:
My 3-month chart shows a healthy recovery in July from the
spring pullback in stocks, but a down draft in recent days suggests now is a
good time to watch BAC’s price progress for a better moment to buy shares. If
and when you do, consider preferred shares as well as common.
Never forget: All investments and savings are gambles on the
unknowable future and thus subject to loss as well as gain.
This website presents lots more research that I share with friends, family, and other do-it-yourself portfolio managers:
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