Unfortunately, Citigroup, Inc. was the second stock I purchased in the Own Every Stock Portfolio.  This purchase was made back when Citigroup was part of the Dow Jones and actually making money.  Since then, the stock has fallen out of the Dow Jones Industrial Average, and as of today's close, is now below $4.00 per share.  As a result, Citigroup has been one of the worst performing stocks in the portfolio and the immediate future doesn't look much better.  After Bank of America's recent repayment of the TARP funds, Citigroup is under even more pressure to repay the TARP money to the government themselves or face increased pressure on their already depressed stock price.

In late August, Citigroup's stock briefly popped above $5 a share, but since then the stock has meandered steadily downward to its current price of $3.91 per share.  Fortunately for me, Citigroup now makes up such a small percentage of the portfolio, that even if the stock were to become worthless, it is nearly irrelavent to my overall return in the portfolio.  I really don't have very much positive to say about this stock; technically it looks weak, fundamentally it is weak, and it pays a whopping dividend of $.01 per quarter.  I imagine at some point it will begin to make money again, but if I were investing in Citigroup, I would prefer to wait until it shows some signs of being able to consistently make money again.  Another step in the right direction would be repaying its TARP money to the government.

Of course, short term traders may be able to take some profits from the day to day price swings, but this blog's focus is on buying and holding small quantities of a wide array of stocks.  Therefore, I will leave the in and out quick trades to websites dedicated to that type of trading style.  Again, I am simply giving my insights on the stocks in the Own Every Stock Portfolio.  Please due your own due diligence or contact an investment adviser before making any investment decisions.