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>I still keep about 20% in company stock. It has done very well and pays a good dividend. To think that we were almost bought by GE years ago. I'm curious why
by froindt 8y ago
>I still keep about 20% in company stock. It has done very well and pays a good dividend. To think that we were almost bought by GE years ago.
I'm curious why you keep so much in Honeywell stock? For a very long time GE was a great company to have that would routinely give nice returns and dividends, and then things went downhill. Layoffs happened, and those people were faced with much lower portfolio valuations if they were heavily weighted in the company they work for.
- ataturk 8y agoAfter watching GE flounder in Schenectady, NY for my entire lifetime, I'm not sure GE was ever a nice company. It's best days seem way behind it. Plus, Edison was an asshole.
- madengr 8y ago$2.3k/year in reinvested dividends. $18.5k contribution + $10.5k employee match + $2.3k dividends. The dividends are like an additional 7% bump in contribution.
- evanpw 8y agoI've never understood why people care so much about dividends. The stock price drops by the amount of the dividend on the ex-date, so a stock with dividends that are always reinvested is equivalent to a stock that never pays any dividends. (Unless you're holding it in a taxable account, in which case you have to pay taxes on the dividend and actually come out behind).
- fibbery 8y agoI like dividend stocks because it is automatically increasing my number of shares in a stock I like, and thereby 'bakes in' the gains. A stock that doesn't have dividends must be sold in order to reap profits, and as a novice investor I never know when to sell.