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Unexpected Financial Gain

January 29th, 2020 at 11:45 pm

I noticed something financially wonderful today – the company’s stock value increased by $2 / share!

This helps me in two ways:
(1) I have company stock within my 401k account so the account's overall value took a jump in the right direction, crossing the next $100k milestone.
(2) I have some company stock options that are now worth more - on paper at least because most of them aren’t yet vested. But it has the potential to be a chunk of change in a few years.

I'm glad I'm blogging now. I'll revisit this entry next time I have a rough day at work!

Posted in Investing | 3 Comments »

3 Responses to “Unexpected Financial Gain”

  1. creditcardfree Says:
    January 30th, 2020 at 01:05 am 1580346338
    1580346338

    Yay! On the company stock value and that you are excited about blogging!

  2. My English Castle Says:
    January 30th, 2020 at 11:17 pm 1580426248
    1580426248

    You might want to take a look at some articles about holding company stock in your 401K. Not always a bad idea, but worth reading some experts? https://www.morningstar.com/articles/919235/is-it-ever-a-good-idea-to-hold-company-stock-in-a-401k

  3. LifeBalance Says:
    January 30th, 2020 at 11:55 pm 1580428542
    1580428542

    MEC, thanks for that. I agree with that article that it's risky to have much stock in the company of employment because of the 'eggs in one basket'. I think my situation is different in that I don't have much choice. First of all, I didn't purchase the stock - it was given to me by the company years ago as a portion of my profit sharing payout. (THey don't do that any more.) Secondly, the company is privately held. So I can't sell the stock - it's not publicly traded. For 401k matches, the company pays cash - I invest that in a Vanguard fund within the 401k.

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