September 17, 2009

Sold Bulk Of Our BofA Stock

We sold 86 shares of our Bank of America stock today for $17.50/share. We purchased 106 shares of the stock for $14.00/share back in January, so after fees, we earned over a 20% gain. That's a lot more than we would have earned keeping the money in our savings account for 9 months.

Selling the 86 shares basically cashes out the $1,500 that we originally invested. We're going to let the remaining 20 shares ride. This is money (currently ~$350) can now grow without any risk to our original $1,500.


Lyford said...

BofA took you all for a wild ride

1MansMoney said...


It sure did. It dropped from $14/share to $5/share a week after we bought it.