I lost tons of money when my company when bankrupt

Jun 6, 2024
5:27:36pm

NotRelated 3rd String

I’m all for participating, but don’t accumulate a position. Sell ASAP. Invest that money into something that you don’t have your paycheck invested in.

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NotRelated

Bio page: NotRelated
Joined: Jul 7, 2020
Last login: Nov 12, 2024
Total posts: 270 (0 FO)

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Messages

Author

Time

Company stock purchase plan.

DubuMfalme

Jun 6, 4:45pm

Max & sell when it vests.

Zombre

Jun 6, 4:47pm

If it's only a 1 year lockup. I would probably do it

cougarfann888

Jun 6, 4:48pm

We bought all we could when my wife had the option. 15% insta gain, but hers was

BYUFootballisBack

Jun 6, 4:48pm

It's free money. You are guaranteed a 15% return (minus taxes, etc), assuming you can immediately sell.

slappy

Jun 6, 4:54pm

Do it. It’s a guaranteed 15% return with no risk.

8-track

Jun 6, 4:55pm

It says it's a 1 year fest so the risk is if it goes down

cougarfann888

Jun 6, 5:00pm

Unless I misread the OP, I think he meant he could wait a year to get long term capital gain status. But no 1 year hold

slappy

Jun 6, 5:02pm

My company (tech) makes it so you can’t lose money.

NanoFab Coug

Jun 6, 4:55pm

For me the return has been more like 30-60%. Rarely have I had to settle for

NewYorkCougar

Jun 6, 4:58pm

Where do you work? I want to buy some stock

DiamondMo

Jun 6, 5:29pm

I concur with the above. Do it. Instant 15%.

mottman

Jun 6, 5:03pm

DO IT

TheHop

Jun 6, 5:13pm

I lost tons of money when my company when bankrupt

NotRelated

Jun 6, 5:27pm

I use it as my savings account, get way better % than a bank savings

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