We pray our sights be straight and our aim be true We pray for no pain to the game we pursue We thank you Lord for this land We thank you for the sights from our stands We pray for safety, one and all We pray we may return next fall
Gives you instant diversification over a broad number of companies (505 at current count) over a variety of sectors. You don't have to worry about unknown developments (e.g. Enron, GE or Boeing) - set it and forget it.
Gives you instant diversification over a broad number of companies (505 at current count) over a variety of sectors. You don't have to worry about unknown developments (e.g. Enron, GE or Boeing) - set it and forget it.
We don't know what Boeing will face yet with the 737 MAX, the KC-46, 777-900 nor, their new space crew capsule, so I'd wait.
I bought (in violation of my own rule to only buy index funds or sector mutual funds) 200 shares of Boeing at about $330, only to watch it climb to $440 and then slide back to $280. They had about $20 billion in available capital at the end of September 2019. They are now expected to raise as much as $5 billion in additional debt to help cover 737 MAX costs that could top $15 billion in the first half 2020, and the bad news just keeps going on. We are also seeing a drop in aircraft new purchases as airlines have filled their needs.
In the long run, Boeing will be OK (maybe not #1 aircraft producer), but they've lost a lot with their inept management.
We pray our sights be straight and our aim be true We pray for no pain to the game we pursue We thank you Lord for this land We thank you for the sights from our stands We pray for safety, one and all We pray we may return next fall
Toddly: I just had a $100,000.00 C.D. "mature" and I can no longer get the "promotional" rate it was at, for the last year - I am also thinking about buying Boeing to invest this money in! If a person could only see a bit into the future and know when The Boeing Company will be "turning it around". Our closest neighbor is a retired "Boeing Fellow" (which is a very rare status/bequeathment given to long time and outstanding employees - who then get their pay "augmented" by being given stock!). He worked for Boeing's a total of 43 years. Anyway last year in the "quarter" before Boeing's plane trouble with the 737 "enhanced" started, he attained $1,000,000.00 in increased stock equity and "dividends" on his Boeing stock for that quarter. I nearly "jumped in" back then when he told me about that - I am now VERY glad I didn't! Stock is down $85.00 a share since then and may go lower? Good luck if you decide to"jump in". And if you can see into the future please let me know whats gonna happen. Hold into the wind VarmintGuy
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