this post was submitted on 22 Jan 2024
1376 points (97.8% liked)
Microblog Memes
4844 readers
2794 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
Related communities:
- !whitepeopletwitter@sh.itjust.works
- !best_of_mastodon@sh.itjust.works
- !curatedtwitter@sh.itjust.works
- !curatedtumblr@sh.itjust.works
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I employee matched for years just to watch our CEO tank our stock to 1/5 the original price.
Point being, remember it's still an investment in a single stock and comes with that amount of risk.
Hol up, you left your retirement fund in the hands of your employer? You didn't diversify and invest in the broader market? Most plans make you hold some for a period of time, every single plan offers a way to get out of being fully invested in one company. That's insane.
He's talking specifically about company matching of their stock purchase, no?
I'm not saying it doesn't happen, but I've never heard of an employer that requires their 401k match to be invested in the company. Everywhere I or my wife has worked you could put it in any fund available with that 401k plan.
Oh, 401k. I was thinking they meant ESPP.