Wells Fargo is updated and rated (lower) Strong Buy at $34.25. This appears to be a good investment. I recently sold some shares at $36.46 and $34.90. I did that to raise cash. Still, I am very tempted to buy those back at this slightly lower price. But I still have about 12.8% of my portfolio (and 15.5% of my equity investments) in this company and so perhaps I should not be too greedy about buying more of this one. Most people would think I am already taking a lot of risk having $147,000 in this one company. But then look at how many people with a net worth of under $200,000 have $400,000 of mostly borrowed money invested in a house. Who is really the risk taker?
Friday’s markets were about flat overall but my own stocks took a minor hit as Bank of America and Wells Fargo declined.