How can the small investor ease the pain? How do Monday Morning Millionaire Program members handle that sort of issue?
While the company president globetrotted in private jet with a spare private jet flying nearby, just in case it was needed, GE stock was tanking with its shareholders wishing they had invested elsewhere. Pundits have come up with a very large number of reasons for the decline in GE market price. I am not aware of any who saw it coming. Look at the 20-year chart below showing GE stock compared to the S&P500.
Founded in the late 19th century by a merger of Edison General Electric Company and Thomson-Houston Electric Company, GE grew to become among the largest companies on the planet with over 300,000 employees. It remains the only company listed on the original Dow Jones index founded 121 years ago. With the fluctuations expected of all stocks, GE has consistently grown and paid a dividend to shareholders – the ultimate widows and orphans, blue-chip stock. The widows and orphans are now crying. The Monday Morning Millionaire hardly notices.
Presently a poor millionaire (portfolio value under $10 million), I have been investing for over 50 years, the last 30 effectively and confidently. Except for our home, my wife and I have no other assets other than our portfolio (and our Tesla Model S). I formed the Monday Morning Millionaire Program to help friends and colleagues develop the same market investing confidence.You need to login to view the rest of the content. Please Login. Not a Member? You can now sign up for a one-month free trial membership. Join Us