Stupidly let a 20-year 401K lay easy and took my 7% match in kind.
But it was anything but kind.
At one point, XOM was 70% of this nest-egg.
At 50, will be about 45%.
All in one year. Price of a house.
Cashing out if some more s—ers punch it up by next week.
IRA - all the way.
Selling xom and any other fossil fuel stocks. Any jumps these stocks might see will be very temporary. For the long term these are all on a downward decline in value.
Need growers. Not shrinkers.
I got hired on 2 years ago. My 20% contribution is 65% Extended Market Units and 35% Equity Units atm. Hopefully it does well while im here
Sounds to me you have SHORT options in play. Now the stock is moving the other way and your world is crashing, so you desperately want people to sell. What a spiteful idea to come to a layoff board to swindle people.
Stupidly invested in exxonmobil. Lol. Obviously didn't learn from ENRON's errors. Mistake #1 was putting money in the company you work for. Mistake #2 was even investing in exxonmobil.
You would have made more money in bonds over the last 10 years versus this company
Sounds like sound advice to me.
Certainly not going up much further or staying there when it does.
Good counsel. Try to find better on this board.
Bitter.
Good for you, not sure why everyone needs to know. What you are doing with your investments is entirely your business, so if you crash and burn - it's all you baby.