You work for a public company. Your RSUs are continuing to vest. The stock market and, more importantly, your company stock have dropped a lot in price. Even if you’ve been comfortably following a strategy with your RSUs, are you feeling a wee bit less certain about the strategy right now?
You’ve got gobs of stock or options in Airbnb. Or Palantir. Or some other valuable but private company. The money is So Close. You can almost feel it. And yet, you can’t. ‘Cause your company is private. Oh, the torture.
I think I’m still processing the scale and energy of the 2018 Grace Hopper Celebration of Women in Computing. This was my second year attending.
The conference is, obviously, about so much more than how to manage your finances. But it’s the part I care about most, so I viewed most of the conference through that lens. And, as I did last year, I walked away with a better understanding of how women feel about money, what their questions are, and what kind of guidance they want, need, and deserve.
When you get a job offer, or a raise, or a bonus, you’re probably simply told that you’ll be receiving more restricted stock units or more stock options as part of that compensation package. But on occasion folks are given the choice: Do you want RSUs or stock options?
Congratulations! It might seem like all tech companies go IPO, but that’s not true. In going IPO, your company is in rarified company. And now visions of sugarplums, I mean, wealth are dancing in your head.
Whether you’re a confident investor, or you have a bunch of your money hiding out in cash, I think we can pretty much all agree that the stock market is unpredictable.
Historically it has always gone up…eventually, and so it’s reasonable for us to assume it’ll continue in that vein. But we can’t actually know that.
So, how do we protect against the possibility that the stock market will stop working the way it has in the past?
If you’re anything like my husband (smart, tech savvy, but jaded about the financial industry and utterly uninterested in the nuts and bolts of personal finance), Employee Stock Purchase Plans (ESPPs) might strike you as unnecessarily complicated and surely they must be trying to trick you, right?
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- What Should I Do with My Vesting RSUs, Now that the Stock Market Is Tanking?
- Meg’s Musings: Coronavirus Edition
- Yes, vetting a financial planner is still entirely on you. Sorry. Here are some questions that can help.
- Stock market. Coronavirus. Do you feel a wee bit anxious? Find comfort in numbers (and double entendres!).