I'm No Bernard Madoff: Bank Of America (BAC) and Investing Emotion

My Daily Blog is at: http://investorandtrader.blogspot.com/ My channel at BlogTV is: http://www.blogtv.com/People/Airelon My Podcast is at: http://airelon.podbean.com/ and embedded in the daily blog when I release a new podcast. The Blog Entry that Accompanies this Vlog is at: http://investorandtrader.blogspot.com/2009/01/im-no-bernard-madoff-bank-of-america.html Some time ago I very publicly stated that I was going to use 3% of my cash to buy some Bank of America (BAC) for my personal accounts, and I listed my reasons. I bought in at $30.55 and I accumulated some DRIP'd shares afterwards. Well. Bank of America (BAC) is in the dumper at $8 a share now. So now what? Do we sell? Do we hold? Well, I won't tell anyone else what to do with their assets. But I'm holding. All the way to zero. As I decrease the size of my Bank of America (BAC) holding. How do I do that? What about the emotions of this failed decision? I discuss that in this video . . . NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance

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Blip | January 16, 2009

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