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Started By
Message
Just inherited GE stock
Posted on 7/4/18 at 10:13 am
Posted on 7/4/18 at 10:13 am
I can just cash it in a take it. No lose to me but I do know it is really low compared to the past. Would you recommend cashing it or letting it ride for a little while?
The money is not immediately needed.. TIA.
The money is not immediately needed.. TIA.
13
Posted on 7/4/18 at 10:16 am to jimlsu1
If you have no immediate pressing need for the money, your question is the functional equivalent of someone coming on here and asking the following:
“I have invested a significant amount of money in the stock market over the years. Should I sell everything and put the cash under my mattress, or should I stay invested in the market? TIA”
“I have invested a significant amount of money in the stock market over the years. Should I sell everything and put the cash under my mattress, or should I stay invested in the market? TIA”
Posted on 7/4/18 at 10:18 am to jimlsu1
Posted on 7/4/18 at 10:25 am to Joshjrn
quote:
your question is the functional equivalent of someone coming on here and asking the following:
“I have invested a significant amount of money in the stock market over the years. Should I sell everything and put the cash under my mattress, or should I stay invested in the market? TIA”
Not really because his basis is the market value when he inherited it. The question would be more like "I bought GE yesterday, should I sell it today?"
Posted on 7/4/18 at 10:38 am to jimlsu1
Without knowing how big of your overall portfolio that is, it's hard to give any advice.
You could be a big believer in the stock, but if it's more than 10-15% of your overall portfolio it'd be stupid to keep all of it.
You could be a big believer in the stock, but if it's more than 10-15% of your overall portfolio it'd be stupid to keep all of it.
Posted on 7/4/18 at 10:44 am to Joshjrn
I agree with what you are saying but let’s just say someone offered you $50k of the stock today for free. Would you cash it in and take the “free” money or keep it where it is and see what happens?
I don’t “need” the money bit have no qualms cashing it in if people feel the downward spiral will continue.
I don’t “need” the money bit have no qualms cashing it in if people feel the downward spiral will continue.
Posted on 7/4/18 at 10:57 am to Joshjrn
Not really because he could cash it in and invest in something else
Posted on 7/4/18 at 11:09 am to jimlsu1
Sell half 
Posted on 7/4/18 at 11:41 am to Weagle25
quote:
Not really because he could cash it in and invest in something else
That’s not what he asked in the OP, and that’s not what he said in the post just above yours. If that’s the question, then yes, cash it out and dump it into a nice, low cost Vanguard index fund.
But again, not what he asked.
Posted on 7/4/18 at 1:03 pm to jimlsu1
sell December $20 calls against the stock.
Posted on 7/4/18 at 3:27 pm to jimlsu1
Sell
Posted on 7/4/18 at 3:33 pm to jimlsu1
I would sell all of it until the holding is 3-5% of your portfolio
Posted on 7/4/18 at 3:35 pm to jimlsu1
How many shares?
Posted on 7/4/18 at 5:32 pm to TechDawg2007
Don’t know. Equals about 110k. My Mom has had it forever. Since the 90s.
Posted on 7/4/18 at 5:39 pm to jimlsu1
quote:
I agree with what you are saying but let’s just say someone offered you $50k of the stock today for free. Would you cash it in and take the “free” money or keep it where it is and see what happens?
I don’t “need” the money bit have no qualms cashing it in if people feel the downward spiral will continue.
JP Morgan said this week that 2019 will be as bad was 2018 has been for the stock, the dividend will be cut next, likely in the 40-50% range.
I sold all of my shares last August, have been looking at the stock since it drop 50% since then. But when you read that JP Morgan analyst saying "we see ~20% downside at current levels... with recommendation of sell because it is significantly overvalued" Not going to touch it.
Posted on 7/4/18 at 5:53 pm to jimlsu1
8,000 + shares 
Jesus Christ keep and watch the dividends.
Personally I think GE is a long term winner. They have very profitable entities.
Jesus Christ keep and watch the dividends.
Personally I think GE is a long term winner. They have very profitable entities.
Posted on 7/4/18 at 6:07 pm to TigerintheNO
Yea because JP is always right 
Posted on 7/4/18 at 6:32 pm to Mr.Perfect
Again, the stocks Outlook could be perfect and he'd still have to sell the stock if it's too much of his portfolio
Posted on 7/4/18 at 6:41 pm to castorinho
It is not out of the question that they cut the dividend again
Posted on 7/4/18 at 6:45 pm to castorinho
Where does it say he needs to sell it based on % of his portfolio?
Frankly I don’t consider this any weight in his portfolio as it was a gift.
Frankly I don’t consider this any weight in his portfolio as it was a gift.
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