Re: Is GE a safe bet against all odds?
leon.panth...@gmail.com
michelwil
...@gmail.com wrote:
> No. In the last 5 years GE has lost 7.05% while the S&P , the Dow, and
> the Nasdaq have gained 26.78%, 21.66%, and 36.38% respectively. Should
> i just change my investment thesis that GE is only a safe bet when the
> overall sentiment on the market is bearish? It appears that money
> managers who want to make money don't play the GE card. It's so sad.
> It's the so called "best managed american company". Do not expect this
> baby to spike!!
Nothing sad about it, except for instant-gratification day-trading
kiddies.
That was a very strange selection of numbers you cited.
I bought GE at 23, back in 2002 (that was 5 years ago). It's now at
35, and I'll continue with the dividend reinvestments. GE *IS* the
Dow. It is an index fund that predates index funds.
Timing and patience, folks. Timing and patience.
