The company stock was a "gamble" with personal funds which paid off.
I didn't lose a lot in the tech bubble burst - had most of my money then in tax-free bonds, real estate, and municipals. Wow was I lucky.
bb
>I use trend charts at Yahoo Finance. If it is above it trend mark, I look
>into it. I invest mostly in Mutual Funds. Right now I am 100% in the
>Janus Fund, which is up around 20% for the year. It has done good for me
>so far this year. But with the mutual fund scandal Janus got involved in,
>I am watching it like a hock. Any hint of a possible good size drop and I
>am pulling the plug.
>
>You can also look at what sectors are doing well and poor. Every Monday in
>the USA today money section on the back page is a great chart to help you out.
>
>At 01:56 PM 11/6/2003, you wrote:
>>Jacob-
>>thanx for the good advice.
>>actually, beyond the exit strategy, I need a map for the next freeway <g>.
>>am wondering where <outside of cf_community!!!> to put the profits to grow
>>some more :-)
>>trying to recoup my "investment losses" in the kids' tuition <ha>
>>-Ben
>>
>> >10% trailing stop loss. Let's say it goes up to $15.00 a share for a high,
>> >then starts to fall. At $13.50 (10% loss), I would start looking to
>> >sell. Key thing is you need an exit strategy.
>> >
>> >Jacob
>> >
>> >At 01:58 PM 11/6/2003, you wrote:
>> >>so everybody should have such a problem:
>> >>
>> >>About a year ago, I took a chance and bought a chunk of my employer's
>> >>stock in my personal account. Bought in at $3.19 a share.
>> >>
>> >>Today it closed at $12.40, and has been going up quite a bit lately on
>> >>good news.
>> >>
>> >>Price before they bought our site and the market turned south was about
>> >>$13-$14.
>> >>
>> >>So, what to do?
>> >>Keep it all, hoping for even more gains,
>> >>Sell an amount corresponding to the original investment, getting my money
>> >>out (so anything else is profit),
>> >>Sell it all (take the money and run).
>> >>
>> >>And if I sell, where the heck to put the proceeds?
>> >>
>> >><sigh>
>> >>
>> >>-Ben
>> >>
>> >>
>> >>----------
>> >>[
>>
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>>[
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