During this Bush Recession I've been looking for big name stocks that are at historically low prices. I believe that President Obama will lead this nation to great heights over the next 8 years and that these stocks will eventually reach (and maybe even surpass) their old highs again.



For example Citigroup has recently been below one dollar (as of the writing of this article it's at $2.42) but it's peak price over the past five years was over $55. It doesn't take a math wizard to realize that if you buy in at one dollar and it returns to $55 you will make a fortune on that ride up.

To give an idea of what I'm talking about let me use my own example. I bought into C at $1.62 (unfortunately I didn't move fast enough to get in at the bottom.) I bought approximately $1000 worth of stock at that price. If the stock returns to $55 then that will be an increase of about 33 times which means my $1000 worth of stock would then be worth $33,000.

Does that mean this is necessarily going to happen? Of course not. Anything can happen. And investing in stocks (particularly in the stocks of a company with as many problems as Citigroup) is always risky. I have enough money that I can risk $1000 on it. If I lose that $1000 (and that is possible) then that's a bummer. In my situation the risks are outweighed by the possible reward.

I believe it is quite possible that the economy will get back on track and that C's stock price will return to it's previous highs. To me it's a risk worth taking. I am risking $1000 to make $33000.

Is Citigroup the only big name company available for small prices? No. There are actually a lot of companies like this around right now. Another one that I've invested in is GM. In some ways I think GM is a bit riskier than Citigroup and for that reason I invested less money into it.

I bought 300 stocks of GM at $1.90 and it's now at $2.42, clearly I'm happy with the gain it's made so far but what I'm really excited about is the possibility that GM will return to it's previous levels. It was not that long ago that GM was trading at $49.

Like with Citigroup, the potential for a huge profit is definitely there. If it returns to it's previous levels, I will make about 25X my investment. In other words my $570 investment would be worth $14,250.

But of course the risk is there that GM will go bankrupt and I will lose my entire investment. This is a risk I'm willing to take because just like with Citigroup, I think the possible reward outweighs the risk.

And when it comes down to it, I believe in the Obama administration's efforts to turn this country around. I believe they will be successful. Certainly it may take many years to get things really going again because the mess the Bush administration left behind is truly monstrous. But I look at these hard times as an opportunity for those of us with enough cash around to invest in stock market at bargain prices.