General Electric my worst investment ever

Yes it happens even when you think you have done your homework. Financials looked good when I got into the stock a few years back. I thought the conglomerate had some narrow moat attached to it which would be good enough to sustain good business growth. I was wrong, I had to sell all my stocks yesterday swallowing around 1200$ of capital loss. This event is just another reminder that forecasting earnings and profitability is not a science. It also shows how much competent and strong Management can make the difference. For all I know if I had chosen GE competitor Honeywell I would feel much better today. As you can see on the graph below…. one of those woulda coulda shoulda moments 🙂

 

 

GE VS HON1

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