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Investing/Strategies / Retirement Investing
|Subject: Re: Beginning Retirement Investing||Date: 2/19/2013 2:01 AM|
|Author: 0x6a74||Number: 71430 of 82227|
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.
always immediately sold
but there's days I kind of wish I'd
kept the IBM i got in the 60s
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