Making Money From Investments Through The Kampung Way - Kampung Investor Dot Com

Will AIG & Citibank be my worst investments? This is one of my earlier post on AIG and Citibank. This 2 companies are badly by the financial turmoil but i still have investment in them. In my earlier post as well, i stated that i have 1000 shares of AIG ($1.28) and 1000 shares of Citibank ($4.20).

My latest holdings on AIG is still the same but i have bought another 400 shares of Citibank a few months back at $3.50+ making my current holding at 1400 shares average at $4.00

Now there is another opportunity for those Citibank lovers as CITIGROUP (C) is pricing its $20.5 billion stock offering at $3.15 a share, well below Wednesday’s closing price and less than the $3.25 the government got for its Citigroup shares. Citigroup is looking forward to pay off TARP (Troubled Asset Relief Program).

With that news, Citigroup is going south with its price around $3.20 (17/12/2009). I see this as an opportunity for me to add more Citigroup to my portfolio.

When i will do it is still depends on situation and the prize movement of Citigroup. At current prize it’s already tempting but anything below $3 is consider a good bargain.

Citibank is a long term investment with some patience, it might well be an explosive investment in years to come. Don’t you think at current rate of $3 + Citibank is considered cheap?

Conclusion

I will try to add up more of Citibank if i have the chance. It’s not a cheap investment but it’s worth while because i am pretty sure 2 to 3 years down the road, Citibank won’t be at $3 + anymore.

Please give some comments, opinions and thoughts about this Citi baby! ^^ All are welcome!!

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