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Really? I had to wait until about 2019 when my Gap stock (purchased at a discount when I worked for them) went from the 2008 collapse of about $9 to 2019 to $24. I paid between $15 and $17 initially. But waiting is essential when the market crashes (1987, 2001, 2008.) It was a good thing I never invested in the dot.com boom, and just too…
Really? I had to wait until about 2019 when my Gap stock (purchased at a discount when I worked for them) went from the 2008 collapse of about $9 to 2019 to $24. I paid between $15 and $17 initially. But waiting is essential when the market crashes (1987, 2001, 2008.) It was a good thing I never invested in the dot.com boom, and just took the pay/overtime/six days a week thing. Paid for a year and a half of my son's college.
Wow, that Gap stock worked out for you! In my experience, sooner or later the downward trend will reverse, IF YOU HAVE THE TIME to stay put.
In my case, after the crash, I put everything into a "when-will-you-retire" plan. At that point, I didn’t intend to retire for another 16 or 17 years, at least. I just left the plan as it was, with no reshuffling. I was involuntarily retired in 2019, but still left the money in the account. And as of last week (over 16 years later, of course), I'd regained about half of what I lost. Maybe if I'd been less risk-averse, I'd have done better, but once burned.....
Oh, you should have seen what it was worth a few years ago! $43 a share! But I wasn't going to keep it after I not going to work any more. I wonder what it is now.
NYSE says it closed at $19 today, so you didn't do so badly.