How much have you lost due to failure of leadership at every level(VP, SVP, ELT)? I imagine lots of people had their life savings in the stock.
16 replies (most recent on top)
$0
Nothing. Anyone with half a a brain cell knew that $600 was well over valuation given it was worth like $20 in 2009
@ax My advisor thru fidelity said you need to diversify about 10 years ago. Thankfully I haven’t lost as much as other long time employees.
I've made thousands of dollars (plus $9763) just last week with PUT options on UNH. The key is to buy PUT options and sell CALL options for the premiums - during times like these. More gains coming next week. ( https://www.investopedia.com/terms/p/putoption.asp )
So sorry UNH s*cks the big one! They really, really don't care, and will care even less once the Indians infiltrate the entire upper management - they've already started. They're liars and snakes. Once the investigations and lawsuits startup, PUT options will be the way to go.
A wise man once said, diversification is for people who don't know what they are doing - Buffet. You can sink everything into a stock, but you have to be completely covering it, understanding the financials and the market.
Whenever shares would vest i would sell the whole thing the second I could and put the proceeds into a total market index fund. Why have diversification risk?
As this case illustrates, putting all your eggs in one basket can and often will lead to many broken eggs. This has been a broken company for years, really using gimmicks to generate revenue (claim denials, Medicare advantage shenanigans, AI, offshoring, anything except excellent service which is usually tied to superior stock performance. Face it: the higher ups have left this shell of a company in bad shape and have left, taking all your hard earned money. It’s really that simple.
Enough to delay my home purchase for a year or two. Was banking on RSU's to use as a down payment.
1 million
If you put your life savings into the company you worked for you basically made the most basic mistake any finance advice website urges you against.
You can lose your salary, why your fortune too? This is the reality at the 99/100 small and mid cap companies that get acquired. The CEO and CFO retire and everyone else gets a Dairy Queen coupon book for their shares.
Never own stock in a company you work at for more time than it takes to sell if using the discount or if vested some as a bonus. Sell it the second you can and invest in an index or other vetted companies.
Worst sr management I’ve ever experienced at a company in the past 45 year career. Horrible senior leadership. Plus if you work for the company don’t expect raises.
It's only a loss on paper, until you sell.
have lost nothing until you sell and lock in losses.
400k
None, I dont buy single stocks.
170k
All of us have lost way too much just by being here. Awful pay, awful leaders, awful compensation, awful all around.