Jimmy66's  Instablog

Jimmy66
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An Average guy with some ideas. Not a pro. Purely Amateur. I buy direct and with a dividends. DRIPS are my favorites.
  • Let me Explain. 0 comments
    May 20, 2010 3:35 PM | about stocks: MCD, BAC

     
    I am selling Bank of America Corporation (NYSE:BAC). Two reasons. One is personal and the other is I feel it has an uncertain sector.  I bought this stock for some exposure to the financial sector and a dividend. The Sector took a big it last year and they cut the dividend to nothing. I held on hoping what the pundits was saying was true. "This stock will double" will it has rebounded but it has not doubled as predicted and I feel it is time to move on. So, it will be sold soon and I will invest what I get from it in McDonald's Corp. (NYSE:MCD).  MCD is an Dividend Achiever and I love dividends. 

    Disclosure: ALWAYS LONG

    Stocks: MCD, BAC
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