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I have friends who are long-time Apple employees. The houses they bought in the mid-2000s effectively cost them more than $20m, because they sold their employee
by sowbug 10y ago
I have friends who are long-time Apple employees. The houses they bought in the mid-2000s effectively cost them more than $20m, because they sold their employee stock to pay for them (AAPL has gone up 20x since then).
They don't feel bad, of course, and nobody feels sorry for them. But you can drive yourself insane if you spend too much time thinking about the wide variation in outcomes if you'd made slightly different investment choices.
- ninguem2 10y agoIf the houses they bought are in Palo Alto, they would have appreciated considerably since and, if they used the stock sale to pay the deposit on the house and mortgaged the rest, they might have come out ahead.
- sowbug 10y agoThat's true. In this case, the cohort of people with Apple stock in the mid-2000s is also the cohort of people who survived the dot-com crash a few years earlier, so they were much more of the mentality to secure their homestead rather than taking the risk that funds would continue to flow in to service the mortgage.