Reply to My tech Stocks Just won't quit

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Reply to "My tech Stocks Just won't quit"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That's right, OP.  The won't quit.  They'll never quit.  It can only go up, up, up!  YOU'RE GOING TO BE SOO RICH!!!![/quote]

I already am :oops: [/quote]

Realized gains or on paper? [/quote]

I was at AWS for a long time, I'll let you conjecture from there.[/quote]

So on paper.  :lol: [/quote]

NP here and pretty amused here. I'm thinking you don't know much about wealthy people. They don't sit on cash. They stay wealthy by making their money work.  I'm a commercial lender and often my clients are wealthy individuals and there is a reason they borrow money to start their various business ventures. It's because their cash is invested and working and making much more than the interest rate I offer.

Kind of surprised you don't know this. [/quote]

So I'm assuming PP has had a lot of AMZN stock options vested and/or stock grants issues. Question is if she's sitting on them (on paper) or has diversified to other investments (realized gains).

I have worked at start-ups and Fortune 50s with all sorts of equity. Speaking from experience, you don't really have the money until the stock is sold. You can invest in something else, but if you're just sitting on a crapload of AMZN stock then don't count your chickens.

I always diversified so I'm fine, but my old boss used to boast how "rich" he was (in ONE stock) until he lost it all. MFer is old and still working because he needs to rebuild his nest egg. 
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This is a ridiculous perspective.  Does someone with $10M in index funds just have paper money?  Does she need to literally hold the wealth in gold doubloons to be rich and not "rich"? [/quote]

I would consider index funds more diversified than holding a single (or handful) of stocks.

If you were a big shot Lehman Brothers exec with the majority of your wealth in company stock then I'm sure you're not feeling quite as "rich" as you were 10+ years ago. 
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