Will AIG & Citibank be my worst investments?
AIG and Citibank are the giants not only in America but in the whole world. Imagine the market capitalization of Citibank is used to be as big as the market capitalization in the whole Malaysia.
Now, even Maybank, CIMB and Public Bank is bigger or equivalent to Citibank.
So i have taken the decision to invest in this 2 ex giants.
I bought AIG way back in January or February at $1.28 (1.28×3.8 = RM 4.8k+-) and just recently bought Citibank at $ 4.20 (16k +-). I bought 1000 shares each for AIG and Citibank.
The fear that many have on this 2 giants is that will they ever be awaken again? They are already paralysed. If this 2 giants decides to sleep forever, then the those investors money including mine will be washed up to the drain. 
I am optimistic about Citibank and AIG long term outlook as they are once the giants and darling of the Americans. They wouldn’t let their gem just die off just like that right?
If ever this 2 giants would just disappear from the NYSE, at least i can tell my grandchildren i was once a shareholder of Citibank and AIG.
If ever this 2 giants will never wake up again, then this is the worst investment decision i have made.
If this 2 giants decides to wake up, then i am pretty sure they will fly sky high. I am keeping this 2 babies of mine for a couple of years or till it reaches my target. 10$ for AIG and 15$ for Citibank. Sounds greedy huh? ^^
Anyway, i feel that 1000 shares of both of this giants is not enough. Ill be aiming to add up a little more on Citibank maybe around $ 2.70+-
It’s either Hero of Zero here. Wish me luck!
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8 Responses to “Will AIG & Citibank be my worst investments?”
By Kit Kat on May 26, 2009 | Reply
I have faith in Citibank but AIG? no…. AIG did the stupidest thing in the world where they actually give away bonuses to their staff using the relief. Although they returned the money back but you can feel that they’re trying to runaway with the relief and abandon all the customers that have in it.
By LOKE on May 27, 2009 | Reply
I also don’t agree with what AIG did. However, this step was quite important. Bonuses were given in order to avoid its staff from moving to other companies. This is a time when AIG needs a lot of capable staff to implement what its CEO plans to do to help AIG. If many of the capable staff leave AIG, no matter how good the strategies to help AIG is, AIG can’t solve its core financial problem.
So, I don’t think AIG has done the stupiest thing in the world. The problems faced by AIG are too complicated and not many people can even understand them. Sometimes we need to do something which is stupid to many people because we have no choice.
By Kit Kat on May 29, 2009 | Reply
I see…. now I understand why they did that. Thank god I saw your comment
By Kampung Boy on May 29, 2009 | Reply
So everything happens for a reason.
So did you buy any Citibank or AIG Loke?
By LOKE on Jun 9, 2009 | Reply
I just bought AIG only…
By Kampung Boy on Jun 16, 2009 | Reply
Welcome to the club Loke. We fly and sink together! ^^
By LOKE on Jun 17, 2009 | Reply
Ya, we become rich and poor together…