03-06-2012, 12:47 PM
Breand Wrote:I have a lot of money in CVC (my own company) because I think it is really cheap right now.
I just have to chime in here, but please just ignore my butting in
My advice is to do everything you can to keep your investments away from your main income / salary source. Unless your a owner of corporate officer where your choices, decisions and information are directly related finances of the corporation. I'm saying this from experience in Worldcom / MCI. I saw too many people who not only lost their job via RIF but also watched the safety net investment disappear at the very same time. Image the company taking some serious downturn where they lay you off, and at the same time you watch your savings buffer go poof, not to mention 401k. Been there, seen that.....
My company has a great 401k program, but the company match is in company stock. As soon as the system lets me I dump every VZ stock I can out of my 401k. Just too many eggs in one basket. I learned the hard way that diversity between income source and investments is even more important then diversity in portfolios. My mistake cost me 10 years of retirement planing.....
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
"If you want to change the world, be that change."
--Gandhi
