No. of Recommendations: 0
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
Print the post  


The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.