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Riverguy

Joined: 10/07/1999 Posts: 46515
Likes: 7016

What's this?

I once knew a guy that worked


~35yrs in the insurance industry. He invested in their stock program (something like a 15% discount) very heavily. It was almost all of his retirement savings. Insurance typically runs like a dividend (rather than appreciation) stock, so he thought this wise. It wasn't.

He retired. That month he retired the stock was around $45 or so. Within 6 months it was down to $12.


(In response to this post by turkeywinghokie)

Posted: 03/11/2022 at 1:17PM


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Current Thread:
 
  Neighbor started working for Rivian ~3 months ago -- turkeywinghokie 03/11/2022 1:06PM
  Tell him to hold the stock. It will go back up. ** -- EDGEMAN 03/11/2022 2:16PM
  Oh he knows it is the long game -- turkeywinghokie 03/11/2022 2:17PM
  I once knew a guy that worked -- Riverguy 03/11/2022 1:17PM
  Enron lesson -- TabbHokie 03/11/2022 7:54PM

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