General Electric stock?

Question

My grandmother worked at GE for 38 years, and when she retired in 2000 they gave 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 was worth well over $40/share, but now it's around $28/share and has consistently been dropping. Should I keep this stock when I inherit it or get rid of it?

Answer 1

You are OK.  Just don't dwell on it until you actually have the shares in your hot little hands - THEN, and only then, look at the price.

At this time the price is terrible - a 5 year low.  But who knows when your grandma will pass on?  It could be many years.  The stock can recover by then, and then some.

You may be looking at a $50-$60 stock then.  Very unlikely it will go BK.

Answer 2

GE is a solid, diversified company.  I wish I had 2000 shares.  I would keep it, and reinvest the dividends.

Answer 3

at the time you inherit the stock, check the value and also the world situation.  Most stocks continually go up and down with the market.

Answer 4

sell it all and pay the 20% taxes on it,keep th emoney liquid in a bank,th emargin calls are coming in and th ewhole wall street is going to tumble