Citigroup

When I started Diversity 2 (needs authorization), a million dollar dream portfolio on Google Finance back in April 06, 2008, I had no idea that it would be a witness of the 2008-09 financial crisis. 

When I bought 160 shares of Citigroup Inc. at USD 15.22, I noted "Citigroup still has a lot of potential. I must buy now because I buy to hold, not to speculate." Silly me. This was just over three months after I bought 2076 shares of the same at USD 24.08. Since then, it has gone to an all-time low of ninety seven cents which makes the current 4.68 (as I write this) a bit easier to swallow. 

Performance-wise, the portfolio which cost $979,434.26 is now worth $904,580.10 in market value. That is an overall return of -11.01%. The stock market is climbing up, for now.  

(written around 10 AM Central on August 26, 2009)

Slow times ahead ...

While we move on to the summer, I predict that this summer will be slow(er than what I would expect) in terms of the number of posts in this blog. However, that does not mean that life is slower than usual. In fact, I expect to get more done this summer as opposed to what I have accomplished so far this year.Optimism—that's what we need moving forward. Think positive and stay optimistic. 

To anyone living in the northern hemisphere, I wish you a very happy summer ahead!