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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 259.92-1.1%3:59 PM EST
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To: Kirk © who wrote (11147)8/8/2004 10:01:13 PM
From: BelowTheCrowd  Read Replies (1) of 25522
 
> Most I knew used to invest 5 to 10% of their pay checks back into company stock before the bubble burst. I wonder how many tech workers continue to do this now? <

Far fewer. Many people have realized that having their entire financial future tied up with one company (salary, career, retirement investments) is just to much. You can't do much about the fact that your salary and career are tied to your company, and so are your options if you have any, but you have some flexibility with the 401K and ESP dollars, and can choose to diversify your life somewhat with those instruments.

Another thing that's happened across the country in the post-Enron era is that companies are either dropping the "company stock fund" in their 401K offerings, are limiting the percentages that can be put into those funds, and/or are at the very least actively warning employees about the risks to putting all their eggs in one basket.

Personally I never put much if any money into the company stock. 401K always went into other types of funds. I have at times participated in the ESOP, but only if there was a really nice kicker to ownership, which I judged to more than offset the risk of a concentrated portfolio.
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