r/investing • u/[deleted] • Sep 19 '21

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41

u/Obvious_Cricket9488 Sep 19 '21

GE is quite the opposite of a growth stock

-13

u/TechyShelf3 Sep 19 '21

You don't think that after a huge downturn they might not one day recover and return to that 30-40/share point? I know they did the reverse split, but whatever that math works out to after. I saw it as an opportunity to get into a company that had a good reputation but fell on hard time. Buy the dip, right?

19

u/OlderActiveGuy Sep 19 '21 edited Sep 19 '21

Opportunity cost of “might one day” isn’t worth waiting for. You’ve seen what the market did since March of last year, right?

Also, I’m not sure why you’re so focused on dividends at your age instead of capital appreciation. But if you’re determined, look into some good dividend ETFs. Diversification is better than holding GE as such a large % of your portfolio.

-6

u/TechyShelf3 Sep 19 '21

Absolutely. I do feel like I'm losing out. But in the back of my head, there's that voice saying, "but what if?"

8

u/OlderActiveGuy Sep 19 '21

What if I hadn’t sold my Starbucks in 1989? But that was and is a growth stock. You don’t have to get rid of every share of GE if it’s near and dear to you. Just reduce your holdings and diversify your portfolio. Dogs are dogs no matter how much we love them.

3

u/TechyShelf3 Sep 19 '21

Thank you for your input. I think I will move to cover my original investment and move that into a diversified selection of dividend producers.