Hope so. I keep some fun money to invest in depressed stocks. GE was one of them. Got in just a few weeks before the delisting, but like your thinking, they have some very strong components that will bring them back. They have been divesting the corporation of some of their loser branches.
Sure. 100% of bankruptcies being caused by debt is not equivalent to 100% of debts causing bankruptcy. Buying a house--even with debt financing--is a winning proposition (if you stay within your means) because you build equity. Eventually, the debt is paid off, and you have a valuable asset--something you never get with renting. To save enough to buy a house for cash, while paying rent, is a very difficult proposition. Not impossible, but difficult.
Using a rewards credit card, and paying it in full every month, is debt, but it's debt without a cost (if paid timely), and with a reward.
Businesses use debt financing all the time, even when they do have the cash on hand, because their return on the money exceeds the cost.
Debt is not a bad thing. Irresponsible debt is a terrible thing, but debt can be a valuable tool indeed.
Do they still have their jet engine branch? That was always a good one.
Yes. They are getting rid of their energy sector.
i Currently have just under $200k as liquid.
i can see the benefit of a good credit score, and liking the option of debt on bigger moves. You never know when a sweet business opportunity will be presented, and i am not talking about a $50,000 rent house. More along the lines of commercial real estate for example.
I'm assuming you're maxing out your tax friendly retirement vehicles? Roth, Traditional IRA..... or SEP if you qualify?
Similar threads
Oklahoma City
- For Sale
- For Trade
