Sold My Shares in Citigroup

by Dual Income No Kids on February 25, 2009 · 0 comments

Hi All,

Well, thats another bunch of dollars down the drain. I just hit the sell button on my shares of Citigroup. After buying in at $19 dollars and selling at $2.75, I’ve officially taken a loss of $1,135.

Maybe I’ve been listening to bad news mongers too much recently, but I’ve reached the conclusion that there are likely to be several more months of uncertainty ahead of the markets. Congress is spending money like a drunken sailor, the FED is saying that its going to be at least until 2010 before things improve and the Whitehouse is seriously considering bank nationalization.

Now is NOT the time to hold highly speculative stocks in ones portfolio. If you want to build wealth, play it safe for now and only invest in solid companies.

Best,

James

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