VaCollector
Full time employment: Posting here.
- Joined
- May 12, 2007
- Messages
- 549
I tried to attach this to an earlier BAC post where BAC stock had been discussed in depth but was not allowed soooo......here's the rest of the story.....
BAC = WTF!!!
I guess I'll have to ride it to the end....
For those not familiar with my investing prowess, here's a quick recap.....inherited BAC in late 2006, bought one-third MORE in 2007 ......and have seen my $750,000 investment errode to today's current level of just over $100,000.....
Too big to fail.....starting to think that is BS as well.....
Gotta give Brewer his due as he DID state here that if BAC was ever on the verge of going belly-up that we would have a lot worse things to worry about....not sure that we're really there yet, but BAC seems like it could be on the ropes.
Now my TRUE dilemma ~ I have recently come into a little more $$$ with the sale of some real estate ( yeahhhh....gotta take the good where you can) but I did sell considerably under market.....
I was comfortable letting those funds sit and earn a few dollars while the market continues to work things out but that was before BAC hit less than $8/sh today....
Should I double down and hope for a rebound, then cash out - at least recovering SOME of my losses.....or should I just sit tight?
FWIW I still have a hard time wrapping my head around the size of my losses....not alone I know.....
BAC = WTF!!!
I guess I'll have to ride it to the end....
For those not familiar with my investing prowess, here's a quick recap.....inherited BAC in late 2006, bought one-third MORE in 2007 ......and have seen my $750,000 investment errode to today's current level of just over $100,000.....
Too big to fail.....starting to think that is BS as well.....
Gotta give Brewer his due as he DID state here that if BAC was ever on the verge of going belly-up that we would have a lot worse things to worry about....not sure that we're really there yet, but BAC seems like it could be on the ropes.
Now my TRUE dilemma ~ I have recently come into a little more $$$ with the sale of some real estate ( yeahhhh....gotta take the good where you can) but I did sell considerably under market.....
I was comfortable letting those funds sit and earn a few dollars while the market continues to work things out but that was before BAC hit less than $8/sh today....
Should I double down and hope for a rebound, then cash out - at least recovering SOME of my losses.....or should I just sit tight?
FWIW I still have a hard time wrapping my head around the size of my losses....not alone I know.....