Weekly Blog Reading: GE 30 Rock Dividend Edition

by Scott on February 28, 2009

GE Building (30 Rock)
photo credit: Rob Young

GE is one of my favorite investments over the last decade and made the decision to slash it’s dividend this week to cut costs. The move by GE will free up over 9 billion dollars and cut’s the dividend to 10 cents a share. GE is a core holding in many mutual funds and I probably indirectly own a few shares in my Vanguard 500 fund. Is this the time to snatch-up shares of a beaten down titan like GE, or do you focus on building up your savings account? Maybe you are doing both. Have you started a 529 account for your children? This could be a great opportunity to invest for college with today’s stock discounts.

Some of my favorite reads from personal finance blogs that challenged me to save more money:

Greener Pastures: Personal Finance wrote The Dreaded Bi-Weekly Paycheck and challenged Lisa to utilize ING and help budget her expenses and savings.

Bargaineering wrote Ever Go Dumpster Diving? I worked for an investment bank that would throw out new items left over from conferences. I salvaged leather bags, notebooks, and tons of pens and markers.

The Thrifty Life wrote Why It Pays To Speak Up.

Budgets are Sexy wrote How Frugal is too Frugal? (when you don’t have a life anymore) I would consider frugal as utilizing your resources and income wisely and cheap being the person who doesn’t consider the entire family unit when making budget decisions.

Fiscal Fizzle wrote The Lifetime Cost of Owning a Dog and breaks down all the fees associated with owning pets.

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{ 6 comments… read them below or add one }

1 Greener Pastures February 28, 2009 at 7:04 am

Thanks for highlighting my post!

Have you done an analysis of GE? I’m hoping to get to one this week.

2 Luggage Set February 28, 2009 at 8:51 am

I would be sacred of buying GE stock because the stock has been falling down. I don’t know if it would go back up.

I know that GE is a strong company. But in investment, we want returns and not physical growth.

3 J. Money February 28, 2009 at 5:15 pm

hey, thx for the shout out! i’ll have to check out that “dumpster diving” one now! haha…that is too funny.

4 Wojciech Kulicki March 1, 2009 at 8:34 am

Glad you enjoyed the article. Thanks for linking!

5 Gledwood March 2, 2009 at 12:43 pm

I don’t know what that building’s called because I’m not even American, much less a New Yorker… but it’s very beautiful… can you tell me it’s name..?? It’s not the Chrysler Building, is it?

6 Scott March 3, 2009 at 6:25 pm

@ Gledwood

The building is 30 Rockefeller center and is the NBC building in Manhattan. Below the building is the famed ice skating rink.

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