It’s Not Too Late to Put Your Financial Life in Order
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 8 May 2018
⏱️ 34 minutes
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Summary
New York Times reporter John Schwartz joins us to talk about his book, “This Is the Year I Put My Financial Life in Order,” and Bro shares 5 investing lessons from the fall of General Electric.
Transcript
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| 0:00.0 | Support for Motleyful Answers comes from our friends at Rocket Mortgage by Quicken Loans. |
| 0:03.6 | Home plays a big role in your life, and that's why Quick and Loans created Rocket Mortgage. |
| 0:07.4 | It lets you apply simply and understand the entire mortgage process fully so you can be confident that you're getting the right mortgage for you. |
| 0:14.1 | To get started, go to Rocket Mortgage.com slash Fool. |
| 0:20.7 | This is Motley Full Answers. |
| 0:22.1 | I'm Alison Southwick and I'm joined as always by Robert Brokamp, personal finance expert |
| 0:25.9 | here at The Motley Fool. |
| 0:27.3 | Hello, Bro. |
| 0:28.3 | Hi, Alison. |
| 0:29.3 | On this week's episode, we're joined by New York Times reporter John Schwartz to talk |
| 0:32.4 | about his book, This is the Year I Put My Financial Life in Order. |
| 0:36.9 | Bro is also going to share five lessons |
| 0:39.1 | learned from the fall of GE. All that and more on this week's episode of Molly Phil Answers. |
| 0:45.2 | So, bro, what's up? Well, Allison, in theory, you'd think that General Electric would make |
| 0:49.5 | for a solid long-term investment co-founded by none other than Thomas Edison. The company has been |
| 0:55.5 | around since 1892. For decades, it has been one of the biggest, most diversified companies in the |
| 1:00.4 | world, and it paid a steady dividend. We've all used the company's products and services |
| 1:04.5 | probably sometimes on a daily basis. But so far this century, the reality of GE is that it has |
| 1:10.0 | been a horrible investment. |
| 1:12.4 | After reaching almost $60 per share in 2000 on a split-adjusted basis, it now trades for $14. |
| 1:19.2 | Wow. |
| 1:19.8 | Yes. |
... |
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