Quote:
Originally Posted by Rain Man
This GE stock is killing me. Anyone following it closely enough to know if they're going to keep going down and/or if they're going to keep their dividend? They cut it in half last year, but it's still decent.
I don't lose the money until I sell it, and if I can keep the dividend I'll just wait it out (assuming the company survives).
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Yeah, I hear you. I bought GE in 2008 and figured "It's GE! It will always "win"!
Down 35%. I imagine I've made a fair bit of that back in dividends over the 10 years, but it still sucks and I've been riding it down into the fire, and probably will continue to do so. Fortunately, it's not that much.
I made the same "It will always win!!" decision to buy Goldman Sachs when it dipped during the financial crisis. I think it was around $100/share. That worked out so good I sold when it was up to like $15 oor something, and it's been over $200 for a while now. And it pays a dividend (a measly one, but still). Brilliant! :-/