I recently decided to do a bit of repositioning in my stock portfolio. I sold my shares in Goldman Sachs (NYSE: GS), as my original reasons for buying -- the bank's consumer banking ambitions -- no longer apply. Then, I took the cash generated from the closing of that position and decided to add to my positions in three stocks that are some of my favorite investment opportunities as we head into 2024.
In no particular order, here are the three stocks I redeployed the money into, and why I'm so excited about each one.
Goldman Sachs was a solid performer for me, but when an investment thesis is busted, it can be a good idea to move on. That's especially true if you see more attractive places to deploy capital, and that is the case here. So, I used about half of the money from my Goldman sale to add to my favorite bank stock position, Bank of America (NYSE: BAC).
Source Fool.com