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The Water Cooler
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How did your investments do in 2019?
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<blockquote data-quote="dennishoddy" data-source="post: 3311519" data-attributes="member: 5412"><p>As a retiree, my investments are widely diversified at low risk, but I do have a slush fund to play the market with. Always looking for corporations in distress that are likely too big to fail. For example, watched GE tumble, dump their CEO, divest themselves of business units that weren’t profitable and address their top heavy retirement issue. They were in serious distress. </p><p>Jumped in with it at 8.33 and it’s climbed to $12.14 today. They pay dividends as well. </p><p>When I see another company in distress that’s a promising prospect, I’ll sell the GE, pocket the profits and put the principal back into the market. </p><p>If I lose all the principle it would be disappointing, but wouldn’t alter my life style one iota because it’s a slush fund.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3311519, member: 5412"] As a retiree, my investments are widely diversified at low risk, but I do have a slush fund to play the market with. Always looking for corporations in distress that are likely too big to fail. For example, watched GE tumble, dump their CEO, divest themselves of business units that weren’t profitable and address their top heavy retirement issue. They were in serious distress. Jumped in with it at 8.33 and it’s climbed to $12.14 today. They pay dividends as well. When I see another company in distress that’s a promising prospect, I’ll sell the GE, pocket the profits and put the principal back into the market. If I lose all the principle it would be disappointing, but wouldn’t alter my life style one iota because it’s a slush fund. [/QUOTE]
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