Bank of America Corp (BAC)

[stocksnoway]

The Low Risk, High Growth Potential portfolio only contains Bank of America (NYSE: BAC) for now, which I bought at $16.16. A snapshot is below. Last week the portfolio was up 1.73%, this week it's down to 1.30%.

To all those that don't think a rate hike is eminent take a look at the April 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices. The Fed has to raise the IOER (and therefore fed funds) in order to incentive banks to keep the $2.1 trillion in excess reserves at the Fed and not extended as credit. The raising of rates has less to do with the state of the economy than most appreciate.

http://stks.co/j2M8B