I have sold my stock after the last two purchases and reinvested in SPY, QQQ and SMH… hands-down, one of the best financial decisions I have made. Dan is such a clusterfu-k
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Holding is an IQ test as well.
It’s called opportunity cost. Do I think the company will do better than the stock markets average? Why? How??
Look at the leadership we’ve had for the last half decade.
“We know business is going bonkers due to Covid somehow, but we’re not going to give raises. We don’t feel comfortable giving even a 1% inflation matching increase, we’re going to be save this money for a rainy day. Please ignore the layoffs we’re going to conduct in a year or two.
It turns out we just spent all that money on our executives and plunged the company another 25% in debt.”
Yeah, that’s the stuff. My entire lifeblood is tied up in this company but that’s the kind of leadership I want to tie 1/10th my post-tax paycheck to. I really think they can do better than the market leaders. Nike to the MOOON!
Participating in ESPP is an IQ test...You're d-mb if you don't. If you don't want to hold, just sell once it vests and enjoy the upside (even after taxes). If you hold, sure the risk is it might trade down, but you own it and can hold a long time (might come back and you can get yourself something nice).
I bought bitcoins with each espp. Now I own my house outright. But they call me a fool. That’s fine.
@hia+1sEEmJrH Some people don’t have the knowledge or are willing to take the risk…
People like to swing for the fences and get greedy. I’m usually holding for two periods then selling - when the cap gains hit is lower but I’m already fairly diversified so the NKE money doesn’t effectively drive my decisions.
But everyone plays the game differently, I know people who sell instantly and try to apply it to their overspending habits. Keyword try.
It absolutely blows my mind that there are so many vehement bag holders when it comes to Nike’s ESPP.
I can see eye to eye with the “I sc--wed up and don’t want to lock in my losses crowd”.
But the “I’m just going to set aside 10% of my paycheck and pray it works out over half a century” crowd is equal parts insane and d-mb.
Apologies to Dan, lol, that was supposed to be Donahoe