What are your thoughts? Do I sell?
11 replies (most recent on top)
Answer always the same in this site. Stock will be laid off, blame will go to leadership & someone named queen bee.
Next post, rinse & repeat
PB and LK sold over $2M of stock since October. Ya think they would be holding on if they thought it had a lot more upside ? The only reason the stock is at $15 and no longer at $8 is because of all the cash they got for selling EPSI and Careport.
They just got their first net new Sunrise deal in 9 quarters. That is not a sustainable business model !!!
Love the sentiment of getting out at 50 but one needs to play the long game. Especially if you have a family. Besides kids the big thing is covering or paying health insurance. Eating away retirement money to pay for health insurance is always the balance. Got out way after 50 but prior to 65 so have lived that balancing act.
I just left, but doing everything the previous commenter said. Best to max everything you can. I’d like to retire at 50, so I’m investing aggressively to make that happen.
Still at the company. Maxing–out 401k, personal Roth IRA & HSA.
Seriously, did you know HSA is better tax advantaged than 401k (excluding contribution limit)?
Pay out of pocket for healthcare during working years, invest HSA contributions for the next 10–20 years.
Just curious. All if the financial wizards in this chat. Do you still work for a living or are you just living the dream?. No work to answer too living off your wealth?
@2dmq+1atbUhkn Ditto. The ESPP benefits really aren't all that great. 15% discount is nice, but after paying capital gains, the net profit drops considerably. Let alone the blackout periods. Most people would be far better served by automatically putting the money into an ETF and having it put to work immediately vs waiting 3 months.
Especially for something like MDRX stock which typically dropped at the end of the buy in period, right when everyone was trying to sell their shares. That 15% discount would frequently be more like 8%.
Generally–speaking, not a great idea to invest in stock of your employer. We may think we have a finger on the pulse of the company, but in reality only a very few are privy to the metrics that drive stock value.
The best advice was already stated: invest instead in indexed, market sector and asset class ETF funds for broad diversification. You can do this in the 401k using Schwab’s PCRA election.
If taking advantage of the ESPP, is best to sell sooner than later and the additional tax of short term holding period is very small. Frankly, I chose to cease ESPP participation due very untimely blackout periods.
Just as general financial advice: make sure that it doesn’t make up more than 5% of your net worth. Otherwise, I would recommend looking into a better allocation like VTI or some sort of index. The volatility of a single stock is risky. Not to mention for a company like allscripts. If they lose northwell you could lose a significant part of it.
It's hard to predict, and I would not be using this site to predict it. If you have a financial advisor, that'd be a good place to start looking for the info on Allscript's stock price
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