Thread regarding Cisco Systems Inc. layoffs

$57 ESPP and Options...Friendly $$ Advice from a Happy +50 LR’d Old-Timer

ESPP and options are always great...but from time to time, make sure your portfolio is diversified. Take profits and fan out your diversification. Take some qualified ESPP, and sell some RSUs, say $6k a year and start up a Roth. Put $25 a day in the Roth...simple index funds. You will be glad you did. Never pay taxes again. Time is on your side. Set it up. Spend a decade at Cisco, diversify, and you will be amazed at your nest egg just from ESPP and RSUs, once you hit early 50s; just in time for the LR :)

“CSCO rallied from $40 straight up to $57 in the blink of an eye so a meaningful correction is kind of expected. Prices are likely to revisit the $48 area but in this current market environment we can't be sure support will in fact develop.”

Take it for what it’s worth...it’s your time, your future, and your money. Diversify.

https://realmoney.thestreet.com/investing/stocks/cisco-systems-could-be-in-store-for-a-deeper-pullback-14956253

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Post ID: @OP+Z0GKBSF

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+1

Angry 50+ who got played then LR'ed

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Post ID: @1xtr+Z0GKBSF

This is excellent advice.

-- happy 50+ old-timer who left voluntarily

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Post ID: @1hxj+Z0GKBSF

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