Thread regarding Wells Fargo & Co. layoffs

Why anyone would keep company shares in their portfolio beyond the minimum required for LTI. You're levered enough on Wells' performance making it your place of employment, don't double-down and bank your retirement on it as well.

@zqb+16EqXv1S. I think your mom did the right thing not to sell at $28. The stock went up to mid $60’s in 2018. If she sold at $28 back then, she would of lost more then $30 per share comparing to selling at $60’s.

I swear this place must have the dumbest of the dumb show up to start threads.

@OP you sound like my mom back in 2008. I told her to sell out of it at $28 and wait to get back in. She didn't and took a beating. Months later she admitted she should have listened to me.

I was paying attention and my 401k lost less than 5%

Buy more and get out when it goes up to 60 again! Ha! I doubt that it will, but you can always hope.

you need to watch the markets, today we are in the bettest bubble in history of the country; prediction is the biggest stock market crash in history is on its way; hope people are paying attention to 401k, stocks, bonds closely.

I have many regrets.

As do the poor souls that got sacked with their company matches and profit sharing awards in the company stock. Just when you need the money the most!