Market is collapsing. My stock options value is shrinked 90%
Ask HN: How to deal with markets down turn? Feeling down
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Re: Ask HN: How to deal with markets down turn? Feeling down
#2that's the name of the game =) buckle up, kiddo! we're in for a fun ride ;)
Re: Ask HN: How to deal with markets down turn? Feeling down
#3Good time to buy. 90% loss seems severe, possibly also good time to change employer (which is also essentially buying the dip - you get $N of RSU at the low valuation)
Re: Ask HN: How to deal with markets down turn? Feeling down
#4that's the name of the game =) buckle up, kiddo! we're in for a fun ride ;)
Good or bad?
Re: Ask HN: How to deal with markets down turn? Feeling down
#5Re: Ask HN: How to deal with markets down turn? Feeling down
#6If you speculate, you need to be ready for such massive swings. I just drip buy/sell as the market goes down/up.
Re: Ask HN: How to deal with markets down turn? Feeling down
#7Good time to buy. 90% loss seems severe, possibly also good time to change employer (which is also essentially buying the dip - you get $N of RSU at the low valuation)
Careful.
That 90% could lead to a bankruptcy soon.
Changing employers might still mean a big drop in stock from when you start. Unemployment still hasn’t ticked down, the Fed is not done with its job of squashing inflation.
Good companies are giving solid refreshers to ensure you are paid more fairly moving forward. See if your company will do that, it’s sorta the same as getting a new offer elsewhere. If your current company won’t do that, that is a bad sign they are worried about bankruptcy and you should indeed leave.
Re: Ask HN: How to deal with markets down turn? Feeling down
#8I suggest reading a really good book, or if you're feeling ambitious perhaps you could start writing a really good one.
Re: Ask HN: How to deal with markets down turn? Feeling down
#9You only lose if you sell.
Re: Ask HN: How to deal with markets down turn? Feeling down
#10My perspective is a bit different since I don't have stock options, just plain retirement and such. So, take this with that in mind.
I would recommend giving yourself a break from following it. My reasons for not looking are these: Values of assets change a ton day-to-day, and a year or two from now who knows what it will look like! I also don't have any control over prices. I could shuffle assets around, but again I don't know what will happen a few years from now. So, I don't gain much by looking at the numbers often.
Sorry it's a stressful sad time for you though. It does suck!