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

Get Your FREE Ebook

Screen_shot_2017-09-29_at_3.10.45_pm

DINKS (Dual Income No Kids) Finance focuses on personal finance for couples. While by no means financial experts, we strive to provide readers with new, innovative ways of thinking about finance. Sign up now to get our ebook, "Making Money Tips for Couples" FREE.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit



{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: