I am thinking of investing in GEHC. I retired from GEHC 11 years ago after a 28 year career there. I dumped my normal GE stock at that time but have been following GEHC ever since. I think the time is now to buy their stock. I believe it will rise about 60% by years end and I am only thinking of investing $5,000 at this time. Assuming I am right and the stock makes significant gains, should I take the profits and roll them into my existing ROTH IRA or other similar investment? I am 66 years old.
This is just my personal opinion, you can ignore it if you wish, but going into a slowdown or recession isn’t the time to add to one’s equity holdings generally. Now, healthcare is a defensive sector… but thinking (based on what?) that it will go up 60% in 8.5 months is just dreaming.
If you were a technician, and had your hands in the guts of MRI and CT machines, etc… what percentage of those boards and other components came from China? And even if not the boards, but the parts used to make the boards… chips, discrete components (resistors, inductors, capacitors), connectors, cabling, brackets, racks…
If Congress makes Medicaid less accessible, a lot of healthcare customers won’t be using those services any longer.
If the $5,000 is just play money to you, then go for it, especially if it pays a dividend. If it’s emergency money, or money you can’t afford to lose in retirement… I would not do it.
I agree, I used “roll” instead of contributing to a Roth. I guess my real question should have been, what is a good thing to do to reduce my tax liabilities? I guess both short and long term. I am by no means a day trader. My wife and I have traditional IRA’s, Roth’s and a money market account that we use as our savings account. I also have a pension, social security and later, my wife has a pension coming to her. If my small investment of $5,000 eventually turns to $10,000, what would be a good, safe bet to reduce the tax liability of the $5,000 gain? Thanks!
Okay, makes sense, Thank you. Maybe patience could be a virtue and the gain won’t happen for a bit over 12 months from investing time. Again, thanks!
I am the typical, very conservative investing tight wad. $5,000 is definitely affordable but I would never call any money “fun money,” LOL. My various target funds have been treating me nicely and if all things work out, I may never use them… lucky for our kids! If we only knew when we are going to die… Thank you, too!
Buy whiskey… 