Smudo (@Smudeo) on getquin

Smudo

@Smudeo

6Mon·

Sale 1 of 4 due to error limit instead of stop.

So after about 7 years I am parting with General Electric.

What made me buy in 2016/17? Share price performance and high dividend yield.

What was the result, pension provisions and mismanagement halved the share price again, dividend was canceled.

$GE (+4.23%) Restructuring case.

After 7 years, 2 with dividends, I have now reached my entry price again. There were also spin-off shares $GEV (+2.57%) and $GEHC (+0.24%) I hold them for less than 5,000 euros.

What have I learned? Despite blue stocks, US and dividend stocks, even aristocrats at the time, things never go as expected.

24.04

GEC

General Electric

Sold x70 at €145.00

€10,150.00

4.43%

13 Comments

beetlejuice@beetlejuice

6Mon

Cool and educational experience to take away from, thanks for sharing it here.

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Rmann@Epi

6Mon

At least we ended up at +-0. But only in nominal terms. According to the inflation calculator, the €10,000 from 2017 is only worth just under €8,200 today.

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Leopold@Chinalyst

6Mon

It's just like in the Bible: seven fat years and seven lean years.

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U D.@market_analyst_466

6Mon

Thanks for sharing.

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Cyberpunk@RSCologne

5Mon

@Smudeo I've felt the same way since around 2017, but thanks to the dynamic limit, I was able to realize the sell order from about a week ago today with exactly 99.99% profit, because I bought more shares in cheap times.
Now there are still 0.25 shares from some split lurking around in my portfolio that have not yet been sold. It is also listed as an individual order in the order manager. Has anyone ever had such a case with ING?
I also sold the one $WAB from the split today with > 90%. So with a lot of time something came out of it after all.
The other splits $GEV (also > 90% plus since pricing for the split) and $GEHC remain in the portfolio.

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Soprano@Soprano

6Mon

Well, you really missed the mark. You bought at the ATH and then held on for 5 years without taking advantage of the buyback. You simply got in far too early, otherwise you would have had a decent return as things stand today.

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DieEnte7@DieEnte7

6Mon

Cool post and chapeau that you had so much patience with this investment, others would have quit cursing ten times in the meantime - in the end, at least it came to a halfway conciliatory conclusion 😉

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