On Thursday, Bank of America was up 4.1% as it reached a huge settlement of fines and penalties associated with mortgages from the financial crisis era. I had noted previously that it appears that Bank of America is about finished with these past troubles. I expect it to be a good investment.
August has been strong for most of our stock picks and the market. The market “correction” of July seems to have been short lived for the major indexes. My own portfolio has recovered losses from July and moved on to new highs.
Having made a 9% gain on some Berkshire shares that I purchased three weeks ago today, I am tempted to sell for the short-term gain. In the past every time I have sold Berkshire it seems to look like a mistake a year later.
Overall I don’t plan a lot of buying or selling. Continuing to ride along with the stocks I own has worked out quite well.
I own some FXC on New York that is a hedge against a rising Canadian dollar. I find it more of a distraction than anything and may sell that.