Once again, fuck you teabaggers!

[47of74]

The place I work for the stock is now down around $17 after being up at $23 a share. Because of all your dipshittery I've lost several thousand dollars because I contribute to company's stock ownership plan.

[Turbineguy]

1. That's called Teabagger Tax.

And it's a lot higher than income tax.

[doc03]

2. Same here I watched my IRA drop over $10000 since their

BS.

[RZM]

3. What's the connection?

I don't get it. Didn't stocks go up and down before they showed up?

[47of74]

4. Yes, however...

...the place where I work it had been slowly climbing up over the long term and was at $23. Now it's lost about 1/4 of its value and I blame that on the tea turds who are doing everything they can to destroy the economy.

[RZM]

6. Ok I guess

I follow the market and own stocks as well. But I usually chalk up gains and losses to normal market dynamics.

[coalition_unwilling]

5. I feel your frustration and only want to caution you against sinking

too much of your funds into your company's stock, not because of t-baggers per se, but because you should not concentrate financial risk in the place where you work and in stock ownership of said place, unless you can buy the stock at a significant discount. Financial planners have a word or phrase for this and I cannot for the life of me remember it, but the principle is you should diversify your risk, meaning not buy a lot of stock in the place where you work. Because if the company went bankrupt, you would be out of a job and suffer losses on the stock also.

[47of74]

7. Yeah, I do try to keep it diversified

However the company I work for has it where they match the contribution up to a certain percentage and there's no waiting period for anything. So I do the maximum they'll match plus another percentage point beyond that.

[coalition_unwilling]

8. OK, employer match means in effect you are buying stock at

a discount to prevailing prices, so that can be a very good deal. Sounds like you've thought through the issue of concentrating your risk. And that's about all one can ask.