BWWWWHAAHAAHAHAHAHAHAHA <–That’s the sound of Athena half laughing and half crying.
I have a shitload of stock options from my old job. At the height of the big stock market upswing, I had in excess of $1 Million. Yup, 1 million big ones. I was about half vested at the time, so figure half a mill, before taxes. I didn’t sell many, because I wanted to get a “plan” together for paying the tax (AMT scares the shit out of me) and I didn’t particularly need the money at the time, so I sat on 'em.
Fast forward to now. I vested almost all the options before I quit, and bought 'em after I quit. They’re worth maybe 140K now. Maybe. It’s too depressing to go look at 'em.
I laugh and I cry because 140K in what is essentially free money isn’t to be scoffed at. On the other hand, I had plans, baby… big plans for what I was gonna do with that $1 mill.
I’m still sittin’ on em, hoping the damn stock market will turn around at some point. So far, it just keeps going down, and down, and down. The company is doing good, has exceeded all their earnings on every earning report… and still it goes down.
Bah, I need to go get another beer just to get through this post. I hate stock. It’s too volatile. I’m going back to making money the old way, via my job. Bah!