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re: What advice do the board gurus give in regards to any potential 401k adjustments tomorrow.
Posted on 8/7/24 at 10:20 am to Kingshakabooboo
Posted on 8/7/24 at 10:20 am to Kingshakabooboo
Contribute more to your 401k!
Slowly lower the amount in your company stock. Don't listen to those that respond with cliches.
Slowly lower the amount in your company stock. Don't listen to those that respond with cliches.
0
Posted on 8/7/24 at 6:19 pm to KTiger85
quote:. I rode Lucent stock from $78 to $2. Their trend had been stellar in the years leading to their demise.
When have you seen a drop from 700 to 38 based on a bad earnings report?
Things would have been worse if they were my employer. The point is don't heavily invest in your employer, no matter how good they are doing. And don't put all your eggs in one basket.
This post was edited on 8/7/24 at 6:23 pm
Posted on 8/8/24 at 5:28 pm to Kingshakabooboo
Need a couple of more green days to get back to where I started the month
Posted on 8/15/24 at 5:30 pm to Kingshakabooboo
quote:hopefully you didn't do anything on 8/5 which you now regret
Kingshakabooboo
Posted on 8/17/24 at 8:32 am to Kingshakabooboo
quote:
there is not a day that goes by I don’t kick myself for putting it all in my company stock from the get go.
When it comes to equities (or any other investment), the absolute worst thing to do is play Monday morning quarterback or the 20/20 hindsight game.
Any of us could say the same thing about some stock that we are in light or sold early, and we now wish we’d gone in heavy or kept. Maybe some real estate deal that we passed on or sold and it’s since gone to the moon. My list would fill the pages of War and Peace.
So don’t play that game. For every winner that you didn’t get all the money left on the table, there’d be some massive losers that you should have cut the line on.
Posted on 8/17/24 at 9:11 am to Kingshakabooboo
quote:
See, that’s the advice I listened to 25 years ago. When I started. I diversified. I put 15% in a bond fund, 15% in an Asian midcap fund, 10% in my company stock, and 50% in a Vanguard 2040 fund and until about 3 years ago never moved it. At the time I started my company stock was trading at $38. Today it is trading at over $700. While I admit I know very little about investments, I do understand the reasoning behind diversifying, there is not a day that goes by I don’t kick myself for putting it all in my company stock from the get go.
My brother…
I mean, sure, but if we’re playing that game, why didn’t you invest it all in Amazon at $1.50 a share and ride it up to $177? Better yet, cash it all out for BTC at $0.10 a coin in 2010. You’d probably be the world’s richest man.
For every person that pulls off a get rich quick investment, there are thousands that go bust. The odds were never in your favor. Rest easy knowing you made the right call
Posted on 8/27/24 at 12:43 am to Kingshakabooboo
It just keeps going up a little at a time.
This post was edited on 8/27/24 at 12:50 am
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