GE, Thirty Days, Thirty Billion Dollars discussed on Madison Wealth


A thirty billion dollars in deficit ninety they had sixty sure big problem so ge made approximately a billion dollars a year they paid eight billion dollars out in dividends right okay so when i talked to people while ago i'd say look obviously the dividend has to be they have to some point addressed the pension address putting money back in business i mean pretty obvious clean cut stuff you can't pay all of the money that you make in dividends you have to some money back in the company of core we have to pay down so in my mind i thought okay if they cut their dividend in half that's four billion dollars a year maybe they can pay back a lot of this debt or this deficit over a ten year period start working through it so if i wanted to sit for ten years i could say okay ge lives to fight another day right sure okay but now the headlines are i sold off the rails i sold up and every deal you see it's like another division of ge is gone so i say okay what do i come back with is it the healthcare company and and all those types of unknowns at this point are having a lot of people calling us saying i'm not sure what this company does anymore very true but that's different feeling than people saying jeez had tough times four they've come through you know we're gonna work this through i'm going to hold it for ten right i'll leave the stock to my grandchildren that conversation has changed it's a different vibe yeah no doubt no doubt it's not how jonathan it's a different vibe and i think that brings up from the planning standpoint as as you say a lot of these you know a lot of these concentrated ge positions even if it gets part of it started with respect to working that down a little bit right i think that can be a positive certainly yeah i mean one of the things that we've been doing just out the office right now is trying to help you with cost basis yes sure you know if you want to harvest your losses there's wash rules and things like that but you know i mean i've been dealing with clients who are coming in now in you know they've been adding through their positions for years fifteen years years ago in the fifties yep well we're now looking at thirteen so does it make sense to if nothing else sell the stock right by back in thirty days and then just say okay well now i harvest is those losses if i have gains in my mutual funds and other investments which you should have given the markets that we've had now i can diversify some of my other investments my other capital gains and use those losses from g and if i still love ge or i love the healthcare company or whatever it is that i still want to own i can go back and re by those shares in thirty days whatever the wash rule is and go back and say okay i harvest those losses but i don't wanna be in a in a high cost basis situation this stock forever hoping it comes back in my opinion you know you'd be better off when you're talking about such substantial losses harvest a losses revisited in thirty days the risk of that always what happens if something dramatic happens to stock thirty days of course but we were talking about the amount of financial losses that people have on the books i mean it's very hard to.

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