Biggest loss I've ever taken

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06-30-2011, 11:17 PM
Ragnar4

Biggest loss I've ever taken

I'm drunk as fuck right now.

I got my esop evaluation for my old job today. My retirement plan. I took a fuckint 20% loss today.

100k down to 80 just like that. And even though I still smell shit in the shitter, and want to get out, since it's my Employee Stock Ownership Plan, I'm still locked away for 2 years until I fully vest and can get it the hell out of there.

Man. I thought I was prepared for this kind of shit after all the poker I've played, and understanding of variance, and knowing about bankrolls.

This is fucking torture because I can't cash out and run.
06-30-2011, 11:23 PM
wufwugy

I'm sorry man, I know how you feel. Only times I've experienced severe anxiety attacks have been financial related. It gets easier.
06-30-2011, 11:36 PM
Warpe

Diversification is key. Employee stock ownership plans are like putting it all on red.
06-30-2011, 11:47 PM
Ragnar4

@ warpe, yeah, sadly I didn't have a choice.
06-30-2011, 11:51 PM
BankItDrew

work harder, company will improve, and your stocks will go up
07-01-2011, 12:14 AM
Warpe

Quote:

Originally Posted by BankItDrew

work harder, company will improve, and your stocks will go up

But that's what they're...

nvm
07-01-2011, 12:17 AM
Warpe

http://i.imgur.com/PTQeW.jpg
07-01-2011, 01:27 AM
Ragnar4

Quote:

Originally Posted by BankItDrew

work harder, company will improve, and your stocks will go up

I left the company, and moved away. I have no influence on how my companies stocks are growing/shrinking. I can't even shop there to help my bottom line incrementally.
07-01-2011, 02:51 AM
aka_red

Quote:

Originally Posted by Warpe

Diversification is key. Employee stock ownership plans are like putting it all on red.

red is a good color to pick.
07-01-2011, 03:27 AM
givememyleg

:(
07-01-2011, 04:13 AM
rong

Quote:

Originally Posted by Ragnar4

I left the company, and moved away. I have no influence on how my companies stocks are growing/shrinking. I can't even shop there to help my bottom line incrementally.

spend all your remaining funds on buying more stock to push up the price. You'll be buying low at least.
07-01-2011, 09:59 AM
BennyLaRue

Quote:

Originally Posted by Warpe

Diversification is key. Employee stock ownership plans are like putting it all on red.

Exactly. Everyone knows you should put it all on black.
07-01-2011, 10:03 AM
bikes

naw man red is the new black and if it isn't

"they're calling this one in! everyone switch to black!"
07-01-2011, 12:24 PM
a500lbgorilla

Quote:

Originally Posted by BennyLaRue

Exactly. Everyone knows you should put it all on black.

Racist ban! Reds deserve equal consideration in all gambling decisions.
07-01-2011, 09:36 PM
Monty3038

WTF is going on in this thread. Never stay in one job long enough to be vested... call yourself an IT professional.
07-02-2011, 04:31 PM
Ragnar4

Now, 48 hours after being drunk and just getting over it. I'm better.

And thanks for the luls.

Everyone knows you put it on Green, you win waaaay more!

I mean it's either black, red, or green, and if you land on green they pay out like 32-1 I'll take 2:1 to get paid 32:1.
07-02-2011, 04:48 PM
boost

I mean, it either lands on Green, or it lands on Red or Black. So really it's a coinflip and they are giving you 32:1 payout. Ezgame.
07-04-2011, 01:11 PM
kevster

Quote:

Originally Posted by Warpe

Diversification is key.

This. Always this.
07-04-2011, 07:45 PM
Halv

YouTube - ‪"Always bet on black"‬&rlm;