Anonymous
Post 03/19/2018 20:30     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.


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.


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.


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"?


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.
Anonymous
Post 03/19/2018 19:54     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.


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.


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.


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"?
Anonymous
Post 03/19/2018 19:54     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.


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.


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.


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"?
Anonymous
Post 03/19/2018 17:41     Subject: Re:My tech Stocks Just won't quit
Did you tech stocks quit today?
Anonymous
Post 03/19/2018 16:45     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:I was sitting on about $25k in UnderArmour stock last summer. I sold it and took a $15k loss. However, I dumped it all into NFLX which has more than doubled. So, I'm actually up despite taking a massive loss on that POS Baltimore company.

AAPL, AMZN, MSFT, GOOG, NFLX, FB. That's all you need, fam


When tech bubble pops, you will see tears.


When will it pop?
Anonymous
Post 03/19/2018 12:32     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.


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.


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.
Anonymous
Post 03/19/2018 12:15     Subject: My tech Stocks Just won't quit
Anonymous wrote:I was sitting on about $25k in UnderArmour stock last summer. I sold it and took a $15k loss. However, I dumped it all into NFLX which has more than doubled. So, I'm actually up despite taking a massive loss on that POS Baltimore company.

AAPL, AMZN, MSFT, GOOG, NFLX, FB. That's all you need, fam


When tech bubble pops, you will see tears.
Anonymous
Post 03/19/2018 11:45     Subject: My tech Stocks Just won't quit
AMZN is trading at 350+ P/E ratio. That is insane. Yet people keep buying.
Anonymous
Post 03/18/2018 16:15     Subject: My tech Stocks Just won't quit
I was sitting on about $25k in UnderArmour stock last summer. I sold it and took a $15k loss. However, I dumped it all into NFLX which has more than doubled. So, I'm actually up despite taking a massive loss on that POS Baltimore company.

AAPL, AMZN, MSFT, GOOG, NFLX, FB. That's all you need, fam
Anonymous
Post 03/18/2018 15:23     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.


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.
Anonymous
Post 03/18/2018 15:12     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.


Laughing all the way to the bank.
Anonymous
Post 03/18/2018 10:12     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:OP sounds like he’s on an investment team in HS.


She


SHE sounds like she’s in a high school investment club.
Anonymous
Post 03/18/2018 10:12     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


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


So on paper.
Anonymous
Post 03/17/2018 18:32     Subject: My tech Stocks Just won't quit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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!!!!


I already am


Realized gains or on paper?


I was at AWS for a long time, I'll let you conjecture from there.
Anonymous
Post 03/17/2018 18:26     Subject: My tech Stocks Just won't quit
Anonymous wrote:OP sounds like he’s on an investment team in HS.


She