@AlexUlrichh I closed out earlier, and now I am stuck here. It crashes if I try to open it in offline mode... Beginning to feel a lot like a tomorrow problem
@OldUncaDave@Bill_NHI_@CDInewsletter I mean you don't start with buying only COST shares for 10-15 years straight and then move into other things. That's the issue here.
@ursomadholyshit@CDInewsletter It's the lack of diversification that is the crazy piece here. We're talking about average folks working in retail keeping huge percentages of their assets in a single ticker.
He was caught doing so with a subordinate who reported directly to him, which indicates all sorts of issues, and likely a topic he had had oversight and training on, and so it shows a serious lapse of judgment, if not also questionable moral character. Doesn't even address the issue with cheating on his spouse, or the potential "chinese spy" issue. I think if it was just the later, it wouldn't have mattered. But multiple issues stacked up. Just my two cents.
@Bill_NHI_@CDInewsletter Considering the average American holds about $78,000 in retirement fund (via mutual funds), yes having $110K of a single ticker is nuts. It's a serious lack of diversification. You'd need a $2M portfolio for that to begin to make sense.
@SteamerCap17023@CDInewsletter Fair, and others have pointed out that over the years employees got shares or offers to purchase shares as incentives, and so many of these folks also grew with Costco's success.
I think no matter what, there will always be people who want more, no matter what.
@StevenGantzer@CDInewsletter For sure, and if that was the case, even less of a reason to say you were left out. COSTCO has gone up a lot over the years, and employees who kept their vested shares have also grown with their success.
Right... It was about $155 then. Which is the point. They've shared in the upward trend (gains of about $945/shr) and are now also getting that special dividend. So their initial $15,500 is worth $110K now, and they're getting $3,000...
That was more my point here. They shared in the upside.