Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 09-16-2008, 06:47 PM   #21
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Location: Upstate
Posts: 2,948
Quote:
Originally Posted by flatrock View Post
Im inclined to let my spouse play this out for awhile.
Just curious as to how you now feel about this decision. I'm not sure what your spouse's cost basis is in GE, but on 8/11/2008, the closing price was $29.95. It's now (after today's rally) $25.06 and hit a low today of $22.16.

I'm not trying to say "told you so" with this post, just wondering where you were with this.

The one thing that has come through to me with many $ of clarity in this market, is that just about any single security can be quickly taken out and beat to a pulp.
copyright1997reloaded is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-16-2008, 08:59 PM   #22
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 198
What I hope you don't do is sell now That often happens with those panic decisions. Get in with 33% of your portfolio, it goes down 10% and you sell.

Anyway, I think GE is a good company, will "most likely" do you well, but I agree with everyone else. Your best bet is to come up with a regular strategy of selling quarterly / yearly to unroll that huge position to something more reasonable.
HobbyDave is offline   Reply With Quote
Old 09-16-2008, 09:27 PM   #23
Thinks s/he gets paid by the post
Milton's Avatar
 
Join Date: Apr 2007
Posts: 2,360
Quote:
Originally Posted by megacorp-firee View Post
can anyone spell ENRON? Not saying GE is anything like it, but ask the ENRON guys about what they were thinking a year or so before it imploded.
Or BSC, or LEH ... many of their employees owned lots of company stock.

Sounds like you've already been through all this with your wife, though, and she decided against your arguments. So perhaps you'd be well-advised to let it go ... or tread lightly, anyway.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
Milton is offline   Reply With Quote
GE
Old 09-18-2008, 04:50 PM   #24
Dryer sheet wannabe
 
Join Date: Feb 2008
Posts: 22
GE

Spouse has been buying all the way down another 20K. Have temporarily shifted 100% of their 401K deduction into the stock. Plan is to buy until it hits $33 which could be 2/3 or more years. First dividend check comes Oct 27th. Not crazy about it at all but its a 10 yr horizon/plan. If dividend is reduced or eliminated then there will be marital trouble for sure. Heck after 911, my employer plan in diverisifed mutual funds stayed in the dumps for 2 years before I got to even. Dont get me wrong though its not particularly pleasant to watch the stock price plummet but darn sure not gonna sell now.
flatrock is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ultimate Dividend Playbook; Dividend Harvest Portfolio FUEGO FIRE and Money 22 08-12-2008 11:16 AM
Dividend Portfolio's modhatter FIRE and Money 40 03-13-2006 10:48 AM
GM to cut dividend by 50% cute fuzzy bunny FIRE and Money 11 02-08-2006 07:57 AM
Dividend Stocks? SteveR FIRE and Money 32 08-27-2005 10:17 AM
Dividend Question eytonxav FIRE and Money 5 01-30-2004 01:51 AM

» Quick Links

 
All times are GMT -6. The time now is 01:47 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.