Wow, we’re basically at all time lows. This is brutal and all my stock is worthless compared to 4-5 years ago. My retirement got decimated.
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Gotta have a gain to offset that but most long term Nike employees have so much losses. They can’t write it off. So you are wrong.
@wc I really hope you aren't in finance. You can loss harvest an infinite amount of money as long as you have gains in another investment to cancel each other out. The $3k limit is just for when your losses are greater than your gains. I guess you should pay more attention to pf threads.
You can’t write off losses that bad. Only $3,000 per year… you would need 100 years to write off Nike losses on person stock.
Get really knowledgeable about tax loss harvesting. I’ve lost all confidence that Nike will get it together and the stock will recover. I’m selling at a loss to offset gains in portfolio.
Like the song says “ you gotta know when to fold them”
@br what are you smoking??
The stocks been going down for years and you’re posting a think piece about September effect. 😂😂.
My good sir, we’ve been in the September effect since september 2021, lol.
Some clown a few comments down was mentioning Amazon and some other stocks.. how have they done in the last 5 years??????
Some geniuses we have here at PHK.
Just replying because obviously, no one has done any research here about the S&P 500 historical trends, which checks out based on the people talking in the personal finance channel.
September Seasonality (The "September Effect") Negative Average Returns: Since 1928, the S&P 500 has averaged a decline of roughly 1.1% to 1.2% in September, making it the only calendar month with a consistently negative historical average.Lower Win Rate: Major indexes like the S&P 500, Dow Jones, and Nasdaq close lower in September more than 55% of the time.Rising Volatility: Expected market volatility (measured by the VIX) typically begins climbing through August and peaks around mid-to-late September.Common Theories: Analysts attribute the slump to post-summer trading volume spikes, mutual fund fiscal year-end profit-taking, and early tax-loss harvesting.
October Seasonality (The "October Effect") The Volatility Hub: Statistics show October is actually positive on average over the long term, but it is statistically the most volatile month with frequent large daily price swings (swings over 1% happen more often in October than any other month).The "Bear Market Ki-ler": While infamous for major historical crashes (such as 1929 and 1987), market data shows October historically marks the end of more bear markets than the beginning. The Turnaround: Historically, the weak momentum from late September often bottoms out in mid-October before setting up a strong fourth-quarter rally into year-end.
https://www.investopedia.com/terms/o/octobereffect.asp
Buckle up, Not just for Nike but the rest of the market. Fools.
@ap very good advice
@op you seem surprised.
Remember "Believe In Something Even if It Means Sacrificing Everything"? Remember that?
Y'all are hilarious.
To be fair, there was a long stretch of time where Nike was paying out really well for people. I remember a time 15 years ago where I would observe so many people retiring early from Nike because their options had vested and gone up in value a crazy amount. Obviously that's no longer the case but that historical performance trained people to keep more money attached to Nike stock than was (in hindsight) logical. It's funny how one can look at a single limited period of time and if you're lucky you get to redeem your lottery ticket but move that span of time forward and we all feel like we're on an unpleasant rollercoaster ride on the downside. Of course I wasn't at the level that was granted options back in the "good" days so it wouldn't have mattered to me anyway.
Finance 101. Don't put all your pennies in a company you work for. Its already highly concentrated risk staying employed by them. Not to mention espp or rsu.
Any rsu should be diversified as soon as it vests (never options) and espp isnt automatic money like people like to think... its usually better just to invest it else where to avoid over concentration.
The boomer bo-m is over
Grant Options have been replaced with NKE-backed, secure & diversified High-Fives.
@ae September and October are typically down months.
I mean, in a macro view, NKE is down significantly less than Adidas, and on par with Amazon. Sh-t is going sour quick as the rats start scurrying for the gangplanks ahead of November
it will go down to 20 just wait and watch just 6 months is needed for tanking.
And these folks made their personal financial decisions public? I've never had a workplace like that in my life.
There used to be whole departments where people who sold their ESPP shares were mocked behind their backs.
You left it all in company stock? Hard to have much sympathy here...