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Third-year Gulfstreams, pilots, and flight attendants have been encouraged to explore opportunities elsewhere.
Bank of America Corp. has sold half of its corporate jet fleet and laid off some of its pilots, the Charlotte Business Journal has learned…BofA also has laid off more than half a dozen pilots and support staff at its corporate aircraft hangar in Charlotte, according to people familiar with the operations…Company officials decline to say whether the sales are part of a cost-cutting move or are a step toward fleet upgrades. Cost-cutting seems more likely.
Bank of America trims corporate jet fleet and staff [BizJournals]
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
Click to read more.
Dan Egan, Betterment Director of Behavioral Finance and Investing
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