I Rejected $1.5M Worth Of Facebook Stock
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But I mean like your first house started it all right, so in a way it all worked out for the better ✨✨
Did he offer stock because it was to his tax advantage?
Could be! Or a genuine offer because he was going to cash out anyway.
Yes but it went to $19 first
and he defo woulda sold when it came back down to under 90 dollars before the actual rip to 700 lol
nobody talks about invests that failed HARD… when they lost everiting
Very true
It was a right decision. Nobody knows if that stocks would go up in the future at that time.
Loll yes they do. That’s exactly the reason people BUY shares. 😂
@t@thehoov6672not everyone has the optimism of trading their salary with stocks of a SINGLE company.
@thehoov6672 yeah people buy with the INTENT to make money but that doesn’t always go as planned.
@thehoov6672 no they have conviction, nobody knows whether it will happen and if you knew then its quite literally a money glitch, you can have reasoning and conviction
It’s 4.25 doublings. Big deal
My grandma bought 2 MM of fb at 32/share …. 😅😅😅😅😅
To be fair, you could’ve just taken the cash and bought the meta stock with it. But no sensible person is going to do that
You cannot predict the future…You think the guy would’ve offered you the stock knowing it was going to 20X? Of course not. He probably thought it was a crappy stock.
I’m sure he’s more bummed than you, dude paid 110 million 😂
Can’t be a Monday morning quarterback . You needed the cash at the time so it was the right decision.
There is no “Could have,” “should have,” “would have”
thing is imagine he didnt do a good sale for the next one and missed out on getting that house and everything went wrong from there and he didnt become successful cuz he didnt time it right like the original timeline. 1.5 mil is nice but lets be real he woulda cashed that out way before it was anywhere near 1.5 mil. so ya no he made the right call
Yeah and if my grandma had wheels she’d be a bicycle. there’s a million stories like this when it comes to opportunities for investment.
The fact is you never know what a stock is going to do, no how big or how much of a sure thing it is. Taking the cash now is always the best deal unless you don’t or won’t need the cash for a very long time. All it takes is one bad PR moment to completely ruin everything.
As they say hindsight is 20/20
First step in investing is capital preservation fb went below the ipo a couple of time which might have triggered graham to sell.
You made the right decision. You had no idea what that was going to be worth, total gamble, hindsight is 20/20. you still made a good return on it.
I cant stand graham 😂
So his initial commission was 75K