January 24, 2009 - California, USA.  Eventhough the first lot of positions in Bank of America has given negative returns for the Maharlika portfolio, iMOBHQ.COM adds additional position in Bank of America to it's holdings.  We believe that this is the time to invest in Banks that we see will survive this current banking turmoil since the valuations of most financial companies are low.  In addition to low valuations, governments around the globe are giving incentives and stimulus packages to these banks to help them through this crisis.  We believe that with this two factors in mind, picking the right bank to bank on will give a decent return in one to two years.  

In addition to Bank of America, iMOBHQ's Maharlika Funds is also adding positions in Etrade Securities, Wells Fargo Bank and JP Morgan Chase.

iMOBHQ.COM has banking relations with Bank of America, Wells Fargo Bank and Etrade Securities.