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http://boards.fool.com/ditto-on-both-of-these-about-company-stock-i-had-30549438.aspx
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| Subject: Re: Beginning Retirement Investing | Date: 2/19/2013 12:42 AM | |
| Author: Rayvt | Number: 71429 of 72254 | |
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Ditto on both of these about company stock. I had a co-worker who fell for the propaganda and "loyalty" and moved his entire 401K into company stock in 2000 when it split 3-for-1. In 2003 it had dropped 50% and George had to delay retiring. The stock purchase plan, at guaranteed 15% discount --- I went all-in for that. And the very day the stock hit my account I transferred it to my regular broker and sold it. |
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