Pink Sheets/ BAC Capital Needs-Results of Stress Test/
I found this web site that has quotes for pink sheet listed securities. I only buy the large foreign companies that trade in the U.S. on the pink sheets, like Nestle which I own. Nestle S.A. - NSRGY
The financial press was reporting today that Bank of America will be required to raise additional capital as a result of the stress test. One report had the amount well in excess of 10 billion. Reuters
I am no longer in a capital accumulation phase. My key investment objectives are capital preservation and income generation.
I started to buy stocks in the late 1960s.
I have a balanced worldwide portfolio with a considerable allocation to cash.
I am not a financial advisor but simply an individual investor who has been managing my own money since I was a teenager. In this blog, I am acting solely as a financial journalist focusing on my own investments. The information contained in this blog is not intended to be a complete description or summary of all available data relevant to making an investment decision. Instead, I am merely expressing some of the reasons underlying the purchase or sell of securities. Nothing in this blog is intended to constitute investment or legal advice or a recommendation to buy or to sell. All investors need to perform their own due diligence before making any financial decision which requires at a minimum reading original source material available at the SEC and elsewhere. For purchases of bonds and preferred stocks, the prospectuses need to be reviewed until fully understood by the investor.
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