Why Bank of America Corp (BAC) Tanked This Week

Regardless of what it was exactly, always remember that investing Foolishly means investing for the long term — understanding that the long upward slope of our favorite company’s share price is going to come with day-to-day, week-to-week, or even month-to-month gyrations that elate us one day and leave us wallowing in the depths of despair the next.

“Get rich slowly” is my favorite Foolish investing slogan, and it keeps me centered over the long haul. Think of it the next time you check on the share price of your favorite stock, and things seem too good — or bad — to be true.

The article Why Bank of America Tanked This Week originally appeared on Fool.com and is written by John Grgurich.

Fool contributor John Grgurich owns shares of JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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