That actually is a good deal. If you made 10% a year for 7 years, then that would be a doubling...however, BOA has always increased its dividend to shareholders throughout the entire history of the stock. I dont think they can maintain the current dividend, but there will always be a dividend. So if you have 10% a year plus the dividend then you will probably have more then doubled your money in 7 years. Whatever, you do the math, but its a good investment that will beat the S&P500 return over a 7 year period..
Well if the financials turn around it will be a good new but no one know when i am buying MER and my target is to make a small profit and get out. so eveyone has his target and his time frame or indications as you say.
no he doesn't. you should follow his trades. he got out of PTR near the top. he will also enter and exit positions within months.
Has he ever taken a substantial drawdown? The point is the can hold for as long as he wants to. The rich get richer because, they can.