That has changed for the time being. Last week, I bought Bank of America(BAC) on a dip with the intention to get out of the stock when it rose to my liking. Basically, I am looking to make $25 out of the stock and then move on, which I did today. BAC rose back to what would be a $25 profit for me and I sold it.
The proceeds from the sale have gone into Intel(INTC). It took a bit of a hit today with it announcement of a chip-set flaw, and I took advantage of that. Now Intel is a two pronged attack for me. If I can hold on till Thursday, I can take advantage of its dividend payout of $0.1812 per share.
The reason I have made this switch in strategy is because I wanted to see if I can eventually add to our income. With my wife having trouble finding a job that fits our children's schedule, I have been pondering different types of income stream. If I can succeed at this, I can hopefully free up that worry. I understand that this is a risky was of going about, but sometimes we have to increase our risk in order to succeed.