Invest
Sold Off Citigroup
By Financial Freedom  •  February 17, 2013
I sold off my entire stake in Citigroup at a price of around US$44.11 last week.  My average entry price for the stock was US$37.00.  After some thought,  I decided that the target price for Citigroup was not an event worth waiting for given that the profits would be marginal..

At first glance, it would seem that I should have made quite a tidy profit on Citigroup.  But after examining it closer, the profits that I made were really peanuts.  And this is largely due to the exchange rates.

Basically, I bought Citigroup when the USD (US dollar) to SGD (Singapore dollar) was around 1:1.4.  The US dollar has however weakened significantly over the course of the years.  So based on the exchange rate today, my profits were almost wiped out.  You can take a look at the chart below to see how the USD has weakened ......
Read the full article
By Financial Freedom
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance