My grandmother worked at GE for 38 years, and when she retired in 2000 they give her 18,000 shares of GE stock as part of her retirement. She told me that I will receive 1/9 of the 18,000 shares (2,000 shares) when she dies. She said at one point, the stock be worth well over $40/share, but very soon it's around $28/share and has consistently be dropping. Should I keep this stock when I inherit it or obtain rid of it?
Answers: You are OK. Just don't dwell on it until you actually own the shares in your hot little hand - THEN, and only after, look at the price.
At this time the price is terrible - a 5 year low. But who know when your grandma will pass on? It could be various years. The stock can recover by afterwards, and then some.
You may be looking at a $50-$60 stock later. Very unlikely it will go BK.
vend it all and retribution the 20% taxes on it,keep th emoney fluid in a wall,th emargin calls are coming within and th ewhole wall street is going to tumble at the time you inherit the stock, check the value and also the world situation. Most stocks continually progress up and down with the flea market.
GE is a solid, diversified company. I wish I have 2000 shares. I would keep it, and reinvest the dividends.
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Answers: You are OK. Just don't dwell on it until you actually own the shares in your hot little hand - THEN, and only after, look at the price.
At this time the price is terrible - a 5 year low. But who know when your grandma will pass on? It could be various years. The stock can recover by afterwards, and then some.
You may be looking at a $50-$60 stock later. Very unlikely it will go BK.
How would you invest $1,000,000.00 surrounded by today's world?
vend it all and retribution the 20% taxes on it,keep th emoney fluid in a wall,th emargin calls are coming within and th ewhole wall street is going to tumble at the time you inherit the stock, check the value and also the world situation. Most stocks continually progress up and down with the flea market.
GE is a solid, diversified company. I wish I have 2000 shares. I would keep it, and reinvest the dividends.
Resolved Questions: