[TribalPrincess2U]

I’m not very savvy when it comes to banks and money.

Is it time to cash in my (5 yr) IRA at BOA?
It’s getting 3.49 % interest and is up in mid 2012?

[rabscuttle385]

Is it time to cash in my (5 yr) IRA at BOA? It’s getting 3.49 % interest and is up in mid 2012?

I hope you realize that your money is being used to speculate in derivatives.

BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit

Sleight of hand: BofA moves dodgy Merrill derivatives to bank

Oh, and your tax dollars are insuring their bets.

Talk about one hell of a hedging strategy - Bank of America executives win no matter what, taxpayers bear all the risk.

[DaxtonBrown]

[’m not very savvy when it comes to banks and money.

Is it time to cash in my (5 yr) IRA at BOA?
It’s getting 3.49 % interest and is up in mid 2012?]

Let’s put it this way, the inflation rate is 3.5%.

[Siena Dreaming]

I don't think the current attacks on BOA are going to work despite the efforts of OWS, Dick Durbin, and various forces in NYC to bring it down.

One reason some people don't like BOA...it's headquartered in North Carolina which is anathema to many in the NYC financial community.

[4woodenboats]

The worst that could happen if you bail now would be some stagnant money until you reinvest it...and you can have as many sleep filled nights as you want while you decide when & where to get back in.

As to what to invest in, I like energy majors, cleel made some good suggestions, and you're not near as likely to have it melt down.

Remember, BOA went from 8 to 6 virtually overnight after Buffet invested 5 billion....