Wall Street Is Wrong About Citigroup – Here’s Why

A look at Citigroup’s recent results and Wall Street’s reaction.

Jan 16, 2014 at 6:34PM

There's no question Citigroup (NYSE:C) was a mess coming out of the financial crisis. The bank seemingly carried more toxic assets on its books than any investor could even imagine. Fast forward to today, and Citigroup has wound down most of these bad loans and refocused its business. The bank reported fourth-quarter earnings on Thursday morning, and while the results weren't headline-grabbing, significant progress continues to be made.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the results and why investors need to give CEO Michael Corbat more time to streamline the business and get employees and clients to buy into the new strategy.

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David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America and Citigroup. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America and Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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