AIG stock rises…a lot
Posted by KC | Posted in Uncategorized | Posted on 26-08-2009
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So again, I realize I’m in the debt paydown process and therefore not really looking to accumulate a large amount of stocks. But lately, I’ve been very glad in my decision to purchase a decent amount of AIG stock when it hit rock bottom (about $1.40 or so).
Today, AIG stock rose $3.72 per share – which is great considering the only real news was the the new CEO was optimistic. It just goes to show you how sensitive the stock market is to things like this. Just more evidence that wealth built on stocks alone can’t really be considered a solid foundation – which is why my monthly payment to the emergency fund is 3x more than my monthly stock purchase.
