For those of you keeping up with my blog you've probably noticed I have a huge % of my portfolio in cash, so today I decided put some of it to work by buying Bank of America (BAC). Specifically, I just bought 1,400 shares at $12.38 (for a total outlay of $17,337, or about 10% of my portfolio).
Rather than do a lengthy write-up I'm just going to reference 2 previous posts, which should go a long way toward explaining why I think the stock's attractive: http://mevsemt.blogspot.com/2010/08/investing-checklist.html and http://mevsemt.blogspot.com/2010/09/uu-investing.html.
Questions? Comments? Feel free to email me at mevsemt@gmail.com.
