tag:blogger.com,1999:blog-14245531.post113933873843946147..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: GM, GM, why have you forsaken me?Madame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-14245531.post-1139865803547314502006-02-13T16:23:00.000-05:002006-02-13T16:23:00.000-05:00The question you should consider is why you are st...The question you should consider is why you are <I>still</I> holding the stock. It doesn't matter what you paid for it, or what you were thinking when you first bought it. You just need to ask "is this the best place I could have this money invested right now?" and act accordingly. It is hard to imagine that GM is your best option.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1139432728405144062006-02-08T16:05:00.000-05:002006-02-08T16:05:00.000-05:00don't beat yourself up too much. if it's any conso...don't beat yourself up too much. if it's any consolation- there are lots of people out there that did the same as you did. i hold gm bonds which pay off at the end of this year- i'm holding my breath....it's a good lesson for all of us. there's no substitute for homework when it comes to investing. the signs on gm were clearly out there for us.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1139418608282922812006-02-08T12:10:00.000-05:002006-02-08T12:10:00.000-05:00I don't really remember my entire thought process ...I don't really remember my entire thought process on why this seemed like a good idea at the time. I don't think I thought it would be a growth stock but I thought it would hold its value and keep paying a good dividend. I would love to go back and look at the numbers from July 04 and see what red flag I missed, and why it didn't bother me that it was already on a downward trend.Madame Xhttps://www.blogger.com/profile/11536189690094235926noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1139413062939689192006-02-08T10:37:00.000-05:002006-02-08T10:37:00.000-05:00good lesson- high dividends don't necessarily mean...good lesson- high dividends don't necessarily mean a solid investment. and investing in growth stocks, purely based on growth projections or past history is a bad idea. you need to do some homework on the long term sustainability of that growth, and understand if there's a real driver behind it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-1139357390033072342006-02-07T19:09:00.000-05:002006-02-07T19:09:00.000-05:00how you can buy GM stock is beyond me. they make ...how you can buy GM stock is beyond me. they make lousy products.Anonymousnoreply@blogger.com