Thread: Spirit Stock
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Old 02-24-2020 | 05:36 PM
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Excargodog
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Originally Posted by FlyGuy2002
People, who say you can’t buy stock in your own company make me scratch my head . A good stock is a good stock. Period. The misnomer is that it’s ‘putting all your eggs in one basket’...... its widely accepted that if a huge percentage of your savings in your own company is risky. It is. And not prudent . Ask folks at Enron. There are several articles on the subject. However , buying a great stock , like I think spirit is, is prudent investing. Picking up, 200/300/400 shares against a $500,000 portfolio is like 5% of your portfolio. Hardly a life crushing amount if it tanks. Even 1000 shares is less than 10%. Plenty of folks at Amazon, google, Nike, etc , have made a fortune buying the company they know. Risk tolerance , savings amount , nest egg size, are all factors , but I personally feel owning your own company is completely acceptable, as long as it’s a minor portion of a diversified portfolio. Like most things, just keep it Within reason. I also feel at such a cheap price.....the growth, trajectory, balance sheet, momentum this company has... it’s a screaming buy . I only own 300 shares... wish I had the ability to pick up another 1000..
I’d largely agree - at 5-10%. What I said was
Do not put any serious amount of your investments in company stock
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