Comments on: Buying GE stock with emergency fund money

By: Five lessons learned from the stock market collapse « Monogamoney

Five lessons learned from the stock market collapse « Monogamoney — Mon, 02 Mar 2009 14:22:13 +0000

[...] about Bank of America when we bought it at $42, then again at $6? What did we know about GE when we bought it at $32, and again at $28, and again at $17? For that matter, what did we know about Visa when we bought it [...]

By: Everything Finance

Everything Finance — Thu, 12 Feb 2009 20:12:36 +0000

Great Article. Nice Work.

By: Am I a good stock picker? Or just lucky? « Monogamoney

Am I a good stock picker? Or just lucky? « Monogamoney — Mon, 02 Feb 2009 13:12:02 +0000

[...] stock will really tank. If you want a brief history of our ownership of GE, you can read about our first purchase, and subsequent debates about whether to buy more. As for Bank of America … well, it’s [...]

By: And once again, we ask: should we buy more GE stock? « Monogamoney

And once again, we ask: should we buy more GE stock? « Monogamoney — Thu, 13 Nov 2008 12:34:17 +0000

[...] Our first purchase June: Should we buy more? October: Should we buy even more? Possibly related posts: [...]

By: Should we buy more GE? « Monogamoney

Should we buy more GE? « Monogamoney — Mon, 02 Jun 2008 13:31:29 +0000

[...] we buy more GE? Jump to Comments A couple months ago, we decided to take $1,000 out of our emergency savings fund and buy shares in GE. The stock had dropped 12 percent after a weak earnings report, so it seemed like a good buy. We [...]

By: What’s wrong with CapitalSource? « Monogamoney

What’s wrong with CapitalSource? « Monogamoney — Mon, 21 Apr 2008 16:29:55 +0000

[...] once before, and lost a few thousand dollars on it before selling. Plus, Jon pointed out that while GE has a long record of steadily raising its dividend, CapitalSource’s dividends have been rather [...]

By: monogamoney

monogamoney — Sat, 12 Apr 2008 21:12:44 +0000

Hey, Joe, thanks — We’re definitely diversified. We have a few different mutual funds and bond funds, so most of our money isn’t invested in individual stocks at all. But we figure we’re young enough to take some risks (though GE probably isn’t that much of a risk). We opened our IRAs shortly after selling the Chipotle stock, so now all our investments are through our Roth IRAs and 401(k) accounts.

By: Jon

Jon — Sat, 12 Apr 2008 20:11:40 +0000

A bit more about the consistency of GE’s dividends.

* Uninterrupted dividend payments since 1899. Two world wars, the Great Depression, the Great Inflation, 18 different presidents–and GE shareholders always got paid.

* Dividend growth averaging 8.9% annually since 1951. For comparison, Consumer Price Index inflation ran at an average of 3.8% per year; nominal U.S. gross domestic product at 6.8%.

The above appeared in a newsletter by Josh Peters, Equity Strategist at Morningstar and author of the Ultimate Dividend Playbook (http://www.morningstar.com/Products/DividendBook.html)

By: joetaxpayerblog

joetaxpayerblog — Sat, 12 Apr 2008 18:52:43 +0000

Where is the Chipotle money? Why not use that money? The advice you’re asking has many facets, it’s not just about GE. If you are just starting, it’s risky to put the money into just one stock. Because if you choose Apple, you hit a home run, but Bear Stearns, and you strike out. GE may be more like a mutual fund considering the range of products they are in, but it’s still one stock.
3 months’ may be ok, depending. Are both your jobs pretty secure? Do you have 401(k) accounts, and are you making deposits? There comes a point when the dual-earners 401(k) can give you a loan to bridge a minor issue, if one of you loses your job, the other can take the loan. Here’s an idea to consider: Open a Roth IRA. Put the 3 month’s money in the Roths, in CDs. If you need it, there’s no penalty, if you don’t, it can jump start your retirement savings.
Joe