I remember when I made my first post about this, most of the comments were telling me the stock price itself didn’t matter, only market cap did, and that I should sell immediately
I decided not to follow that advice. Instead, I held onto my ESPP shares because, as an employee, I knew the company was performing really well and I didn’t see things suddenly turning negative
I’m honestly so glad I trusted my gut. I sold some shares the other day at $500/share, and I still have others that are now worth around $655/share, roughly 8x what I paid. That still feels unreal to say
It definitely makes me wish I’d put all my money into Seagate stock, but obviously that wouldn’t have been allowed outside of ESPP. Now I’m in this fun but stressful spot trying to decide when to sell the rest, 8x is an amazing return, but there’s always that “what if it keeps going up?” feeling
Anyway, just an update: I really did hit gold, and I still can’t quite believe it especially when my investing knowledge is very little.
UPDATE: Seagate (STX) – From ESPP discount to 140%+ gain. Did I stumble into gold?
byu/TrashTheGreat ininvesting
Posted by TrashTheGreat
5 Comments
It can keep cranking, but if it was me I would take about 1/2 of it and diversify
8x sounds great, but you have to compare that against the market. If you’ve dumped it all into S&P500, would you have beaten it? If so, congrats.
Reddit has terrible advice about RSUs and ESPP especially for those who work in tech companies, I would have lost out on a fortune if I listened to the generic advice about equity that’s parroted from people who don’t even have jobs that include those things.
> most of the comments were telling me the stock price itself didn’t matter, only market cap did
Since that statement makes no sense, I doubt anyone told you that (let alone “most”) and you misunderstood most of the comments.
> especially when my investing knowledge is very little.
Now that you have more assets invested, spend a lot more time educating yourself. Seagate is a great stock, but you need to use those assets sensibly and not rely on luck.
Why are you using ai to write your post? It sounds horrible.