How many of you invest your money in the place that you work
- Thread starter thehobbit
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SlumTodd_Millionaire
Most Hated Member
Re: How many of you invest your money in the place that you
I used to. I bought a bunch of shares when the price dropped to almost nothing back in the summer of '08 during the oil peak. Made some good money on it.
I don't buy anymore, though. I get company information under confidentiality agreement in my union position, so the lawyers tell me that insider trading can be a concern. Rather than worrying about that all the time, it's easier to just not buy or sell company stock.
I used to. I bought a bunch of shares when the price dropped to almost nothing back in the summer of '08 during the oil peak. Made some good money on it.
I don't buy anymore, though. I get company information under confidentiality agreement in my union position, so the lawyers tell me that insider trading can be a concern. Rather than worrying about that all the time, it's easier to just not buy or sell company stock.
Joe Gremlin
Well-Known Member
Re: How many of you invest your money in the place that you
We invest in the company that my wife works for. Why? Because they give shares as part of her package and because big pharma is generally a good investment.
We invest in the company that my wife works for. Why? Because they give shares as part of her package and because big pharma is generally a good investment.
Beech driver
Well-Known Member
Re: How many of you invest your money in the place that you
Yes I do. I try to keep it below personal preset limits however. Not that I expect the company to go down the tank anytime soon, I am just not a fan of having too much in one company.
Why you ask? Historically it has done fairly well. When I started investing initially, I was younger and it seemed like a good idea. Basically I was basing it on the name of the company. Now that I know more of the company and product, it still seems like a good idea. Granted, the last couple of years have not been as kind. But that was kind of expected.
Whether it matters or not, my full-time job is not in the aviation field.
Yes I do. I try to keep it below personal preset limits however. Not that I expect the company to go down the tank anytime soon, I am just not a fan of having too much in one company.
Why you ask? Historically it has done fairly well. When I started investing initially, I was younger and it seemed like a good idea. Basically I was basing it on the name of the company. Now that I know more of the company and product, it still seems like a good idea. Granted, the last couple of years have not been as kind. But that was kind of expected.
Whether it matters or not, my full-time job is not in the aviation field.
SlumTodd_Millionaire
Most Hated Member
Re: How many of you invest your money in the place that you
Forgot to mention that we actually have a great deal on company stock purchases. We have the option of signing up for automatic payroll deduction for company stock, and the shares are purchased at a 10% discount. The only catch is that you can't sell the shares for one year. So, you can buy shares with a built-in equity of 10%. Chances are pretty damned good that you'll make a positive return on your investment. Several pilots have this set up, and they just sell shares every month that were purchased the same month of the previous year.
Forgot to mention that we actually have a great deal on company stock purchases. We have the option of signing up for automatic payroll deduction for company stock, and the shares are purchased at a 10% discount. The only catch is that you can't sell the shares for one year. So, you can buy shares with a built-in equity of 10%. Chances are pretty damned good that you'll make a positive return on your investment. Several pilots have this set up, and they just sell shares every month that were purchased the same month of the previous year.
Beech driver
Well-Known Member
Re: How many of you invest your money in the place that you
My company is very similar. We are offered a 15% discount on the lowest price for the specific time period. Which is August 1st - July 31st. Basically, if the stock even stays the same now, I will be buying at a 15% discount of whatever the price was on August 1st, 2009. It is also through an automatic deduction.
My company is very similar. We are offered a 15% discount on the lowest price for the specific time period. Which is August 1st - July 31st. Basically, if the stock even stays the same now, I will be buying at a 15% discount of whatever the price was on August 1st, 2009. It is also through an automatic deduction.
aerospacepilot
New Member
Re: How many of you invest your money in the place that you
I have an interesting story on this. I work for Lockheed Martin, and our 401k match gets matched in Lockheed stock. In the 6 months I have worked there, I have been trading my Lockheed stock in and buying Boeing stock (their largest competitor). It's not that I don't like my company. I just think that Boeing stock will outperform Lockheed.
I invest my time because the pay is outstanding, the time off is amazing for being so young, benefits are good, I like what I do, and I believe it is a good company to work for. Being a good company to work for, and being the company whose stock price is going to increase the fastest are two completely different things, and sometimes are even inversely related.
Make your decision about who you want to work for based on certain factors, and make your decision about who you want to invest in based on certain (other) factors. Don't ever do one solely because you are doing the other.
I have an interesting story on this. I work for Lockheed Martin, and our 401k match gets matched in Lockheed stock. In the 6 months I have worked there, I have been trading my Lockheed stock in and buying Boeing stock (their largest competitor). It's not that I don't like my company. I just think that Boeing stock will outperform Lockheed.
I invest my time because the pay is outstanding, the time off is amazing for being so young, benefits are good, I like what I do, and I believe it is a good company to work for. Being a good company to work for, and being the company whose stock price is going to increase the fastest are two completely different things, and sometimes are even inversely related.
Make your decision about who you want to work for based on certain factors, and make your decision about who you want to invest in based on certain (other) factors. Don't ever do one solely because you are doing the other.
pipepatrol
New Member
Re: How many of you invest your money in the place that you
I got a similar deal going on, but it is for every 6 month period. I put 10% of my salary in and usually cash out as soon as I am able to purchase the stocks at the 15% discount of the lowest price (I do this so I am not too vested in one company, but can comfortably invest in other companies concurrently).
I got a similar deal going on, but it is for every 6 month period. I put 10% of my salary in and usually cash out as soon as I am able to purchase the stocks at the 15% discount of the lowest price (I do this so I am not too vested in one company, but can comfortably invest in other companies concurrently).
dvtpilot
Well-Known Member
Re: How many of you invest your money in the place that you
Im curious, what do you do for Lockheed here in AZ?
Im curious, what do you do for Lockheed here in AZ?
aerospacepilot
New Member
Re: How many of you invest your money in the place that you
I'm a flight test engineer.
I'm a flight test engineer.
ZapBrannigan
If it ain’t a Boeing, I’m not going. No choice.
Re: How many of you invest your money in the place that you
Company has a 15% match. So i've been buying up to the limit of that match per paycheck. If the match didn't exist I wouldn't invest here.
Company has a 15% match. So i've been buying up to the limit of that match per paycheck. If the match didn't exist I wouldn't invest here.
surreal1221
Well-Known Member
Re: How many of you invest your money in the place that you
I do, but it's not an aviation related company at present.
At&t. At the top of the wirless and home entertainment services industry in the US. If I worked at Verizon, I'd do the same thing. Spring and T-Mobile - not so much.
When I was at ASA, I did not invest in SkyWest Inc. Only took the company match for my 401(k) and made sure I actually read the investment prospective to know what I was signing up for.
I do, but it's not an aviation related company at present.
At&t. At the top of the wirless and home entertainment services industry in the US. If I worked at Verizon, I'd do the same thing. Spring and T-Mobile - not so much.
When I was at ASA, I did not invest in SkyWest Inc. Only took the company match for my 401(k) and made sure I actually read the investment prospective to know what I was signing up for.
ahw01
Well-Known Member
Re: How many of you invest your money in the place that you
I work for a university which is not listed at present. Its tech transfer / innovation arm is though, and I'm thinking of investing there, I don't work in that area at present, it's not likely to give amazing returns, but it'll keep me more involved with whats going on there and will help me get priority if I decide to route some work through them.
The flipside of the coin is that most companies care little about their employees so why would you want to give anything more than 9-5 to them? When you get to senior level they give you shares anyway, so why pay for them now?
Alex.
I work for a university which is not listed at present. Its tech transfer / innovation arm is though, and I'm thinking of investing there, I don't work in that area at present, it's not likely to give amazing returns, but it'll keep me more involved with whats going on there and will help me get priority if I decide to route some work through them.
The flipside of the coin is that most companies care little about their employees so why would you want to give anything more than 9-5 to them? When you get to senior level they give you shares anyway, so why pay for them now?
Alex.
Persian_Pilot
Well-Known Member
Re: How many of you invest your money in the place that you
I am investing but by shorting the stock
come on people, I work for a credit card company!
I am investing but by shorting the stock
come on people, I work for a credit card company!
Re: How many of you invest your money in the place that you
Oh hell no. Friends don't let friends buy airline stock.
Losing your job is one thing.
Losing your savings is another.
Losing both simultaneously because some pipsqueak Yale business school grad made a bunch of terrible business decisions is failure to plan accordingly.
Oh hell no. Friends don't let friends buy airline stock.
Losing your job is one thing.
Losing your savings is another.
Losing both simultaneously because some pipsqueak Yale business school grad made a bunch of terrible business decisions is failure to plan accordingly.
JoelT
Well-Known Member
Re: How many of you invest your money in the place that you
I sold all of my stock that we got with the merger last month. Really don't want to ride that train.
I sold all of my stock that we got with the merger last month. Really don't want to ride that train.