When calculating risk in a given trade or investment, I find that opportunity cost is often overlooked. Remember, it’s not just how much money you can potentially lose on a given position, it’s the opportunity to make money elsewhere that you are missing out on while that position remains in your portfolio. This “Opportunity Cost”, is the type of risk that we like to refer to as, “A waste of money”. Today I want to point out what waste of both time and money it has been to be in Bank Of America over the past 2 years. But things could be about to change…
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