Re:Meta stock sinks more than 23%
by disgruntledphd2 on Thursday October 27, 2022 @12:11PM
(#33359725)
I spent five years at Facebook (2013-18) and the best move I ever made was to ignore the existence of my shares until 2017. But yeah, generally the right approach is to diversify.
From 2013 to 2020 (at which point the USG turned dollars into Monopoly money), FB only barely outperformed the S&P500 while also being a volatility risk.
Re:Meta stock sinks more than 23%
by kevinventullo on Friday October 28, 2022 @12:00PM
(#33373181)
Looking at historical prices, that is simply not true. S&P doubled in that time period while FB went up about 8x.
Re:Meta stock sinks more than 23%
by disgruntledphd2 on Friday October 28, 2022 @01:29PM
(#33374510)
Yeah, I literally left at the peak in 2018 before the Q2 earnings.
Clearly I was holding the place together ;)
I spent a lot of the last decade at facebook. I immediately cashed out every single vested RSU and plowed the money into broad market ETFs.
It always blew my mind how many of my coworkers were willing to leave a huge chunk of their net worth invested in their employer's stock.
As you might imagine, I'm feeling pretty good about my strategy right now.