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No. of Recommendations: 6
I agree with this last point (if your employer hits the skids the double-whammy of losing your job and a core portion of your investment portfolio can be tough to recover from - even if you're relatively young).

All that said, I have approximately zero concern that BAC, which operates in a regulated industry, is the next Enron. I've advocated BAC stock to my retired Mom in the past, and continue to advocate that she hold it. More recently, I became a shareholder via my KRB holdings.

But I also wanted to mention that DRiP programs require monitoring too. For just about every success story about AT&T, there's another story of DRiPing into Eastman Kodak, or the like. It doesn't matter the investment vehicle. No investment should be 100% buy and ignore unless it truly is zero risk. And there are *no* stocks that fall into that category. That doesn't mean you have to follow hourly, daily, or weekly price fluctuations obsessively. But you really shouldn't ignore a holding for years at a time. Maybe pick a day - two days after your birthday? - and that's the day you'll review all your holdings every year to see if they still truly make sense for you to own.

I hope that BAC continues to be a good employer (for you) and a good stock to own (for all of us). Given its stability and high (and growing) dividend, I think this may be one of the last stocks I will still own when I'm deep into retirement many years from now. But that's what I think today, and I will review it periodically.

Best wishes,
DB Bob (long BAC and so are other family members)
Peace on Earth
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