$29.89
-1.30 (-4.17%)
American International Group, Inc. (AIG)
CAPS Rating:
A holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. Its primary activities include General Insurance and Life Insurance & Retirement Services operations.
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Again I would like to thank the legal taxpaying Americans of this great country. I realize you as a democracy are in complete control of the workings of your government and have graciously permitted your government to save the very companies that placed us in this very unfortunate economic situation. You truly must have elected the finest individuals to represent America to the world. Thanks again
PS- I purchased at .50 per share for my very real portfolio for no other reason than you backed this company and I wanted my money back.
Shh.
Is it really not worth the risk to invest in AIG? Nobody is saying anything about life savings here. At $2.00 why not buy a few hundred shares and sit on them. Even if the company went under you would be out very little. If the company turns around you stand to make a very nice amount of money. I like the financials and am really only using them as vehicle. I am holding onto all my financial stocks until they match stocks I would truly want to be a long term holder and then I jump ship. BAC I am actually thinking about keeping long term but so far that is the only one. As for the 180 billion LOAN we will only get it back IF AIG doesn't fail. That’s why the government cares to keep AIG in business. I think we all want our money back. Either way nice post and happy investing!
That's awesome, G8. I bought AIG, BAC and C for the same reason! Congrats on the buckets of cash you get to swim in!
Do you think that the 180B bail out was to aid the American financial system?
How about more like in the best interest of the Congressmen & women as well as the Senators who have their health care and retirement backed by AIG!!!!!
Does this not sound like a conflict of interest.
That sham of sounding off on the payments to the employees which amounted to less than 1/10 of 1 percent of the amount that was bailed out to AIG.
That was only lip service so that the persons of Congress and the Senate could go back to the electors (us) and claim that they are watching our money! YEAH RIGHT!
Not buying in this company is a crime by "us" for not taking our part of the payout the government gave.
I am in almost complete agreement with everything you have said. I would like to believe our members in elected office didn’t act to protect one’s own health care with such extreme measures but who really knows. I am beginning to think of politicians as a joke followed in line by the average idiot voter who really has no clue what he/she is voting for. Government needs many new faces not chosen by the old ones upon leaving. As for believing the loans given to banks helped the financial system I think is not entirely accurate. I think the loans saved the world from something that could have been far worse. Throughout the history of wall street there have been many bailouts that if not happened would have collapsed the entire system. This economic crisis is not entirely new and not unseen but just forgotten. If our government doesn’t screw this up the government could get a very handsome return from these loans. We as tax payers will of course get the shaft and not see a penny of that returned to the rightful owners. As for the broad white house plan I believe Obama will use this handling of the financial crisis to begin making people believe democrats can handle this economy as well as republicans are able to. In order for this to work these large financial institutions need to be up and running healthy and preferably before the next presidential elections.
I’ve read many times how not so long ago it would have been an insult to a person’s self and family to be called a politician. What happened? Today we are in a big joke and most people are fooled more than they have ever been by government in the past. George Washington warned us about parties and government in his last address to the people of this country. We are just too stupid that we don’t understand it.
I sold a small portion of my financials already to cover myself in the slim chance the market drops. I am no longer at risk of loosing anything at all to this plan. I still think the financials will continue to make large jumps even though financials lately have shown little activity.
I hope you were wise enough to sell before the reverse split? I purchased 1,000 shares at $1.08 and sold them last week for $1.40 per share.
No, I am not wise and nice play on the AIG stock. I did sell some shares before the 20 to1 reverse split but am still sitting on a great deal of shares. What are you waiting for? I am just putting the remaining shares at the back of my portfolio for the next year or so. I do think AIG will split shares eventually. Even though for the short-term I think AIG can't hold above $18.00 per share and see it more realistic around $8.00-$12.00. I am watching BAC, FITB, GE, and SAY for the moment. Happy Investing!!!
One stock I just picked up is PFE and am maybe looking into MSFT Microsoft. I am starting to get the feeling Microsoft is gearing up for something big and yes I know about Windows7 and the Zune. I think to under estimate Microsoft in a down economy would be a great mistake. This company is lethal and appears to be on the hunt for a little Google bird and maybe and an Apple for a meal. Happy Investing!!!!!
If you got ripped off by your neighborhood gang, would you start funding their drug sales too profit from that too? Let's do what's right, not neccessarily what makes you that most money at the expense of others.
I Could Loose
I may lose is what I was trying to say. Nothing is guaranteed as proven by what is happening with Citi. I do not think Citi will fail. In the worst case Citi would be chopped up and fed to the other large banks.