What Did You Buy Today?

[Dividend Watcher]

Bought a small chunk of GE within a few pennies of my target price ($23.57) to average down. I'll settle for that 3.8% yield.

I have a soft spot for GE. Grew up in Schenectady where Edison had a workshop that became the company, where their large & medium steam turbines were built, where Knolls Atomic Labs did a lot of design & testing work for both the nuclear Navy and commercial power plants, and where they perfected a method of making artificial diamonds used in abrasives to hone and finish some specialty work amongst a bunch of other stuff. Their complex was so big, it had it's own small rail system to get some of the workers to their workstations.

   

I worked on their nuclear plants in the Navy and commercially and my uncle lost some fingers year ago in a large steam turbine as they were trying to trial fit some bearing parts. My ex, late father-in-law worked for their silicone plant for 40 years and literally had a steamer trunk full of their stock certificates in his basement -- talk about eccentric . (Or maybe it was the fumes.) Sorta explains the "ex" part .

Sadly, today the place is a shell of its old self with most of the work done overseas now. Gawd, I must be tired reminiscing like that.