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]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. 
[/quote]

I had to exercise some upon leaving, which was no small sum. I have some real estate (commercial with 2 other investors) and some "play money" where I invest in individual stocks. So far my individual stocks have been out performing the indexes. I don't own the usual suspects, like Google and Facebook. I've since worked for another tech company that went IPO. Once you are in tech it's not hard to follow the money. I know people that jump from IPO to IPO, that's what they do.

And no, of course I do not keep cash laying around. Who even does that?[/quote]

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