LogFAQs > #892500270

Right now, I am seeing a screaming buy in GE, and am committing a big chunk of my portfolio to it. I try not to overweight one stock very often, but the GOP tax bill will pass and has inflated the global stock market indexes to very high levels.

GE, meanwhile, has actually deflated and is near its 2011 lows. The tax cut will nearly double its earnings per share, and it's already suffered extreme punishment from investors for its issue in a market where the global indexes have moved in the opposite direction.

I think the tax cut is mostly priced in. GE is one of the few exceptions where it really hasn't been priced in, and when it is, the value of the stock has the potential to dramatically increase.

I'm buying $20,000 of GE stock today and holding for the long term. This is approximately 5% of my overall portfolio; the rest is still invested in the index funds I have always endorsed. I am setting up a limit buy order at $17.50/share and will update it to $17.65 if the stock does not drop to that target this afternoon.

This post is for informational purposes only; if you follow my lead your investment may lose money and I am not liable for any losses.
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.