$BAC

Total 4 Posts
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services.

2020 - April Performance

The lucky rabbits foot has paid big dividends in April. Compared to the broader S&P market the portfolio gained 43% compared to 12% - so that was nice.

Cleaning up after the kid in the candy store

Most of these are companies I would never buy in normal times. But I do know that over the years, the opportunistic snapping up of bargains and then thinning them as the market bounces - has consistently generated profits for me. Sometimes the market drops again and I get to do it all over again.

Portfolio Prune

I used my margin account to purchase during the recent dip. Since the market has been up a few days - I took the opportunity to sell some non-core holdings.

Banking on the Paycheck Protection Program

Last week I purchased a basket of bank stocks because I thought the market was underestimating the benefit to the banks from the Federal Government's Paycheck Protection Program.
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