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I had a 1.6M$ Chrysler Concorde :-) I sold 1000 shares of SUNW in December 1994, which gave me enough money to buy it for cash, which was really a huge deal for
by ChuckMcM 4y ago
I had a 1.6M$ Chrysler Concorde :-) I sold 1000 shares of SUNW in December 1994, which gave me enough money to buy it for cash, which was really a huge deal for me. The stock then proceeded to split twice.
On the flip side, when Freegate was acquired, I took some of the stock I had that wasn't "locked up", sold it to buy a Subaru Forester for cash in 1999. Two years later that car was worth about $87.50. (at the value of the stock).
Those experiences definitely helped me appreciate that Stock != Cash.