I invested 160k in espp for past 9 yrs in this stupid company. I am sitting at a loss of around 80k. Do we see any little ray of hope where at least I come out of no profit no loss
Avg price per stock is 81$
14 replies (most recent on top)
@cq I understand that shares purchased under ESPP do not qualify. But it is still worth reading.
I urge anyone participating in the ESPP to sell the shares as soon as it’s available. I’ve been doing this for eight years now and collecting the match. When I do the math I’ve contributed about $74,000 (pulled from workday) and I’ve sold or transferred out about $89,000 other than a few thousand still in the holding period.
That means over the same period that OP lost 80k I’ve profited 15k or about 20%.
OP is over exposed to a single stock and the same could be true regardless of the ticker.
@cq thanks Wil check it
Have you checked if you fit the settlement? https://www.fissecuritiessettlement.com/
11 years ago I didn't fell for this stock plan BS. I'm so glad.
Down 63k. The Ferris Wheel continues to drive the stock down.
@OP it looks like most industry analysts are still saying to buy/hold right now.
@OP Sorry to read this. Something I learned a long time ago is that you should not tie your investments to your workplace. If the ship goes down, you're sc--wed twice. While the ESPP sounds tempting, it's better to ignore it and invest in a broad ETF or similar, not tied to your workplace. I've been burned by investing in company stock before, it's a hard lesson.
It would be best to just sit on it and play the long game. The very long game. Eventually it will recover most of your losses. Just don’t expect it anytime in the next few years.
They kept pushing the stock program when I was hired in February of 2020. Having been an investor for over 25 years, I knew at that price and with everything(covid) starting to change globally, would not touch it. The 401k and match has worked out good for me, but feel the pain of those who have been buying for years...know a few 35-40 plus year employees that were awarded shares as part of a "bonus" when it was at the $120+ level.
No.
Take the full loss and use it as a learning opportunity about due diligence before investing. Really let it sink in.
@OP That kind of loss would sicken me. Anyone participating in the Employee Stock Purchase program has taken a hit. The smart people sold off their FIS stock as soon as the holding period was over and stopped contributing a few years ago. At one time, we thought this was a benefit.
@OP Short answer, no. How much loss is open for discussion, though.
Anyone able to give you a ray of hope is not posting here. That is not a criticism of those who show up here day after day. It's just the truth of investing. No one knows, no matter what they say, no one can predict. Having said that, if this was a company that clearly demonstrated that they had solid interest in making a financial success through common sense decisions making and prudent choices, there might be an infinitesimal chance.
Have long serious talk with your tax person and financial professional, who know you and are licensed to advise you. Put it all out there like you are going to confession. Give them the clearest picture possible so that they can give you advice and create a strategy for you. If you don't have one, this will be worth the consultation fee.
That is a big loss for most folks. It's painful. Look it straight in the eye and remember as someone said here the other day, "I have been in bad spots before and gotten out of them." It is reasonable to grieve this loss. Losing your sense of security that you believed that you had planned for realistic. It is bitter. Give yourself some grace.