There are many reasons – here is one: After a 30-year career as an administrative assistant at a company, a woman retires from her professional career at the age of 65. This woman is now living alone, children have long since moved out on their own. Monthly expenses are $1,280 and her sole source of income is a monthly Social Security check for $983. The monthly financial shortfall is only made more painful with each new health concern that comes on an uninvited basis as she ages. On occasion, this woman reflects on her life, while no deep regrets, she often thinks if she could have a do over, she would have made a greater effort to prepare for these golden years. While none of us gets to
We started an initial investment in the GE company about 16 – 17 months ago. At that time the stock price of GE had fallen by over 30% from it’s recent high of $32 into the low $20’s. As we began our initial purchase, we felt new management was making some headway in their effort to resolve bad investment decisions made by the previous management team. We couldn’t imagine a scenario in which GE would fall to price levels last seen in the 2008 financial crisis – all the way down to the $6.00 level by the end of 2018. Along GE’s rapid price decline, we added to our investment, each time believing that surely GE had reached a bottom and would create a base to build on and eventually regain
