I'm hoping to get everyone's opinion on GE's long term potential. Will it drastically go up or down? Or will it's price just flow with the overall market? As a young (26 m) dividend income investor I am trying to decide if GE would be a good buy at some point (somewhere below $10 yielding above 4%). For those of you out there that has stuck with GE: why have you? If so are you buying more? For those of you looking for LONG term growth and eventually an annual dividend increase, would you consider GE if the price crashes again?
Personally I don’t believe GE's stock will show any significant gains or dividend increases in the next 5 years or so. But I wonder if you all think that it could be a good stock to buy while it’s down and potentially hold for 30+ years.
If I do decide to purchase it I would hold it in my Roth with my other long term dividend income stocks with DRIP (KO, PEP, JNJ, MMM, MO, PM, GIS, DUK, SO, KFT, BP, PAYX, WMT, MSFT, and T).
I know there are certainly better stocks to own out there (others that I'm looking at are ABT, MCD, D, COP, EMR, SYY, BMY, INTC, UL). What I end up adding depends on what my buy price would be for each stock. And again, all of these and what I own are in a Roth that I won't touch for at least 35 yrs. So should I add GE to this list or not!?
Also, are there some of you who invest like me that have another dividend income stock that I should consider at the right buy price?
Thank you FIRE community.
KYBEC29
Personally I don’t believe GE's stock will show any significant gains or dividend increases in the next 5 years or so. But I wonder if you all think that it could be a good stock to buy while it’s down and potentially hold for 30+ years.
If I do decide to purchase it I would hold it in my Roth with my other long term dividend income stocks with DRIP (KO, PEP, JNJ, MMM, MO, PM, GIS, DUK, SO, KFT, BP, PAYX, WMT, MSFT, and T).
I know there are certainly better stocks to own out there (others that I'm looking at are ABT, MCD, D, COP, EMR, SYY, BMY, INTC, UL). What I end up adding depends on what my buy price would be for each stock. And again, all of these and what I own are in a Roth that I won't touch for at least 35 yrs. So should I add GE to this list or not!?
Also, are there some of you who invest like me that have another dividend income stock that I should consider at the right buy price?
Thank you FIRE community.
KYBEC29