Friday, September 19, 2008

The Beats just keep coming (nonpoker)

So I go through my usual morning routine... well, not quite usual because I didn't wake up early enough to go play basketball this morning but I do the usual work routine. I plop myself in my chair, boot up my laptop and the first thing I do? Go to my brokerage site to see what the market is doing. The past few weeks have been super crazy to say the least. Well, I check our company stock and what do you know? It's up 25% from yesterday, 10% above my the weighted dollar cost average of my employee purchase plan shares that I own and yet I can't do a damn thing about it... And believe me, because I put in 15% (max amount allowed) of my paycheck every paycheck into this employee purchase plan (where the employer gives you another 15% on the amount you are contributing), needless to say, I have a lot of eggs in one basket (hey, I'm young enough that if this goes away, it would hurt but it really wouldn't affect me one bit). So, it would be awesome if I can liquidate some of this but no... we are currently in the lockout period so I can't do a damn thing...

And being a CPA AND in the financial reporting department, I would assume that faking ignorance is a bad bad thing... especially since I know that Hugh Duffy, another employee of this fine institution, reads this blog, it would not be good for me to even hint that I would do such a thing. And I obv wouldn't... but man... that's such a bad beat.

3 comments:

Bayne_S said...

whiner

Bayne_S said...

Sell at least 85% of purchase plan stock when window opens. Cap one not going anywhere but diversify.

If you want to leave company contribution portion in stock that is fine.

HughDuffy said...

I can be bought.