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> Most of my coworkers look absolutely aghast whenever I mention that I liquidate all my vested shares as soon as the trading window is open. I spent a lot of
by jcalvinowens 4y ago
> Most of my coworkers look absolutely aghast whenever I mention that I liquidate all my vested shares as soon as the trading window is open.
I spent a lot of the last decade at facebook. I immediately cashed out every single vested RSU and plowed the money into broad market ETFs.
It always blew my mind how many of my coworkers were willing to leave a huge chunk of their net worth invested in their employer's stock.
As you might imagine, I'm feeling pretty good about my strategy right now.
- disgruntledphd2 4y agoI spent five years at Facebook (2013-18) and the best move I ever made was to ignore the existence of my shares until 2017. But yeah, generally the right approach is to diversify.
- lupire 4y agoFrom 2013 to 2020 (at which point the USG turned dollars into Monopoly money), FB only barely outperformed the S&P500 while also being a volatility risk.
- kevinventullo 4y agoLooking at historical prices, that is simply not true. S&P doubled in that time period while FB went up about 8x.
- disgruntledphd2 4y agoYeah, I literally left at the peak in 2018 before the Q2 earnings. Clearly I was holding the place together ;)