first_imgDon’t invest in just one company’s stockIn Mr. Conrad’s Dec. 23 letter, he touted how well long-term GE stockholders have done since 1980. Without debating the benefits and downsides of any past CEO of the company, I’d like to point out that GE stock has greatly underperformed the stock market during the time he wrote about. I’d also like to use that result to point out the danger of having a significant portion of your savings in one company’s stock.In his example, a GE employee who had 1,000 shares in 1980 would have 96,000 shares today, worth about $672,000. The Assembly bill A2302 would achieve that in New York state. Two arguments against 0.05 are that it would target responsible drinkers and divert precious road safety resources.Many European countries that lowered their BAC experienced lower DWI rates due to people deciding not to drink then drive. Secondly, law enforcement won’t be out on the roads looking for drivers with a 0.05 BAC. They will be doing what they’ve always done, which is looking for signs of impaired drivers, no matter their BAC. Utah passed a version of 0.05 a year ago and saw a reduction in DWI arrests, crashes and fatalities compared to the previous year. The law wasn’t enacted until this month. The perception of the law being tougher changed drivers’ behavior. Bill A2302 isn’t widening the net to arrest more drunken drivers; rather it raises the driver’s awareness.  Since the emergence of Uber and Lyft in New York state, abiding by a0 .05 BAC would be convenient and accessible to the general public. According to the National Highway Traffic Safety Administration, there are over 10,000 deaths caused by drunk drivers, annually.Passing bill A2302 would prevent the deaths of an estimated 30 New Yorkers, a significant step that avoids the heartache so many families have to live with each year. William AikenSchenectadyThe writer is the vice president of Remove Intoxicated Drivers. Categories: Letters to the Editor, OpinionLowering BAC will prevent DWI deathsThe Gazette’s Dec. 16 editorial, “Get Tougher on Drunken Drivers” provided a broad, yet thorough examination of the problem.One of the remedies mentioned was to lower the Blood Alcohol Content (BAC) from 0.08 to 0.05 percent. While that sounds impressive, it doesn’t mean that GE stock should have been that employee’s primary investment.In January 1980, 1,000 shares of GE stock were worth approximately $105,000.As Mr. Conrad points out, that investment increased by over six-fold since then. However, if that employee had just sold off their GE stock in 1980 and invested in the stock market as a whole (e.g. through an S&P 500 index fund), the GE employee would have almost $2.3 million today.The stock market has outpaced GE stock by more than three-fold since early 1980.Another cautionary tale to think about is the GE employee who had amassed $105,000 in company stock by the summer of 2000.If they retained those shares until today, they would have about $12,000 worth of GE stock right now. The lesson for all should be clear: diversify.Jeff HoganClifton ParkMore from The Daily Gazette:Cuomo calls for clarity on administering vaccineFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Beware of voter intimidationGov. Andrew Cuomo’s press conference for Sunday, Oct. 18EDITORIAL: Thruway tax unfair to working motoristslast_img