Quote:
Originally Posted by GGG
I'm surprised that outside of options where there is tax advantage to waiting why people leave their stock based bonuses in the company.
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The old "I know a guy who worked at xyz Oil for 30 years and in 2006 the stock went from $10 to $100. He's retired in kelowna laughing"
Really just a variation on the same real estate story we all hear. People like them who knew nothing of investing got shares and are now retired. It is way easier to do that then put in the work to learn how to strategically invest.
I don't blame most as you spend so many hours at work and you come home and reading up on investment strategy is the last thing most people want to do. So they either leave it in their company stock or give it to a broker who goes on to lose it.
Most will err on the side of trusting the people they work for than learn it in their spare time.