Originally Posted by
Excargodog
Buying stock in the company you work for voluntarily is a bad idea. UA pilots were REQUIRED to take some of their payment in UAL stock for a few years before UA’s last bankruptcy when it became worthless.
Single point failure modes are risky. Too risky for this kid.
It can be risky, if you don’t know what you’re doing and also don’t leverage your future to it. I started buying in early 2020 and sold half that June for a double. Playing with house money now until the JetBlue transaction closes at…. What was it, $33-something??
Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….