Excel 2007 : Keyboard shortcut for changing font color?

Hello!
I have a question regarding shortcuts changing the font color of parts of words. I've attached an image in case my question is not clear.

I like to Bold (CTRL+B) and change the font color of only parts of words. For example: dogs -> dogs

I can do CTRL+B easily enough, but I was wondering if it were possible to find a way to do the same for the font color? Right now, I have to highlight the letters, then move my mouse all the way to the top left corner and click... it's a pain. Even better, is it possible to make a command that would let me bold and change the color at the same time?

I'd be happy just being able to move the Font color button closer to where I need them, but it seems stuck on the ribbon and I can't move it.

I tried to record a macro, but it would only work for an entire cell - I can't figure out how to make it work for just highlighted characters. I'm also pretty shaky with Excel, so I don't understand a lot of the coding jargon or advanced stuff.

Thanks for any help!

Unfortunately, there is no shortcut for changing font color.

However, you can move the font color toolbar. Click the drop down arrow on the toolbar and hover your mouse just under the top edge of the toolbar, then click and drag to position it where desired. This works for the fill and borders tool bars as well.

That image is of the ribbon so no ***-off toolbars.

Thanks for catch Andy. I didn't look at the image, just looked the OP's Excel version listed in his profile, which is 2003.