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Have we bottomed?
Can anyone refer me to @shell for BA profile
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Is Dell considered big tech?
Hi Fishies! (Is that what we are? I’m going with it)
I just came across a Google Research and Insights role that got me SUPER excited and I was about to apply when I had the idea of seeing if anyone would be willing to give me a referral. I understand (and respect) that most of you Googlers on here feel that a referral is only useful if you know the person but I would be happy to jump on the phone to give you some info about me. It would mean so much! 4 YOE at a major audio steaming service
What kind of roles pay 200-300k?
Bless you PMs.
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Rising Star
You have no idea whether it will rebound and should just consider it a sunk cost.
I use SAP's stock purchase plan and just sell it immediately once it hits my account. My investment funds are all in low cost index funds.
The standard advice when it comes to employee stock purchase plans is that you should invest enough to take advantage of the discount/match and then sell as your financial well being is already heavily tied up in your firm's success. On the margin, you should be diversifying your financial risk AWAY from your employer and not towards it.
OP you're no idiot, you're smart for asking, boo.
I'm in the exact same boat. I feel sick when I look at my portfolio, and I just can't bring myself to walk away with that much of a loss on the table. I think I'm going to wait it out awhile longer (and pray).
Good luck! I may have to do the same
I’m confused… why would you need to stay to get the money back? For ESPP, once the purchase is made, the stocks are yours, not the companies. If you leave and go work somewhere else, the stock should still be yours
It's starting to sound like sunk cost fallacy. Do you have any finance friends that can help you determine whether there's any expectation for stock to bounce back? If not I would not put too much stake in the idea your bound to a bad company because of what you've felt you've invested.
Rising Star
Great companies can be poor stock purchases.
Most tech stocks are down right now. Would another company not offer a comparable stock package?
Agreed - things will bounce back, but it's gonna take a long time. Is your role that bad that you want to leave ASAP?
Can you talk to someone like a financial advisor and see whtat they recommend?
Rising Star
A lot of financial advisors are just trying to sell you stuff. There’s more than enough info online to make an informed decision.
I’m confused - what stock plans are you talking about? For $$ that’s already in an etrade, you keep it until you leave the company.
Oh hell yes good point
I think you would have to look at your opportunity costs, as well. Is your career progression stalled at your current company? Is your performance being affected? Can you make more money elsewhere?
If you are referring to an ESPP, you take those shares with you when you leave. It doesn't matter the price of the shares, so there are no golden handcuffs keeping you back from accelerating your career. If I can provide additional insight about ESPP, RSUs, Options, 401K match, or anything else regarding your comp package, feel free to reach outt o me on LinkedIn: https://www.linkedin.com/in/alanjstein/
Sell ESPP ASAP. Don't even hold to save on taxes, the benefit is not worth the risk per this article: https://thefinancebuff.com/employee-stock-purchase-plan-espp-is.html