S&P 500 Best and Worst, October 2017

[not2gr8t]

@def1968

1. Why is it your single largest investment?
2. How did this change your life?

I'm not an experienced investor, but my understanding is that it isn't great to be positioned in such a way that a significant change to one stock drastically affects your entire portfolio.

 

[def1968]

@not2gr8t I've had it for an extremely long time, I basically started with it when I was in high school set up by my grandparents and parents. I've since diversified a huge amount with other stocks, ETFs, and other investments, but it was always still a huge portion of my portfolio that always had great returns. Without going into details I'll just say that the last few years of returns were quite a significant amount of money.

 

[not2gr8t]

@def1968 Nice. Thanks for answering.

 

[oakenshield]

@def1968

I'll just say that the last few years of returns were quite a significant amount of money.

Did you sell any though?

 

[trying2better]

@gesile Would this be a good take to accept a job offer in one of the worst performers? Should I be wary of potential layoffs?

 

[eviegrace]

@trying2better Aspire to be the best clothes folder in Macy's, and you'll never have trouble finding a job again.

 

[resjudicata]

@eviegrace Robots are coming for us all

 

[thesteelgenerai]

@resjudicata So buy ROBO?

 

[theconvolt]

@thesteelgenerai ROBO vs BOTZ, mankinds last war

 

[humbleservant888]

@trying2better Most of those bottom performers are elastic and easily replaceable as operating entities. Most of those top performers are not.

 

[resjudicata]

@trying2better I hope to some day work for GE. Although I work in aerospace engineering, and GE Aviation is probably safe for the time being. They have a pretty decent hold on the aircraft engine market.

Plus unlimited vacation.

 

[bobbietag]

@resjudicata Unlimited vacation is a scam.

 

[imperius]

@bobbietag Elaborate

 

[resjudicata]

@imperius Studies show that enployees with unlimited vacation take less vacation.

 

[jsheaven]

@imperius Worked for a "unlimited vacation" place.

If you took too many they will call your ass in for a review.

 

[angelofsuffering]

@imperius Depends on the workplace, but a couple common issues are
a) All vacation subject to manager approval, and can be blanket denied during stuff like crunch time
b) Social/unofficial expectations of not taking much vacation
c) No requirement to be paid out any unused vacation when leaving

 

[angelofsuffering]

@imperius Depends on the workplace, but a couple common issues are
a) All vacation subject to manager approval, and can be blanket denied during stuff like crunch time
b) Social/unofficial expectations of not taking much vacation
c) No requirement to be paid out any unused vacation when leaving

 

[bobbietag]

@imperius The other responses covered it but you get pressured into using less than you otherwise would have under the old plan.

 

[resjudicata]

@trying2better Remember when Twitter was in the dumps a few years ago and had all those layoffs? Recruiters from other companies were lined up outside the HQ. Point is that talented resources will always be in demand.

 

[truelyliveforhim]

@trying2better You talking about CVS Health?