I worked at one of these high growth companies that’s stock did extremely well during Covid. I joined about 4 months ago and the price was already down 50% from all time high. I was thinking my RSUs would moon once the stock came back up. Whelp, it’s dropped another 50% since I’ve joined. My 50k/year in RSUs is worth less than 25k now. There’s a ton of companies in this same situation (Peloton etc). Should I just ride it out or jump ship? TC: 210 + 20k RSU
Which company? If you name the company people can tell whether it's good to stay or not And yes leaving now to another stock that's down, and has potential upside would be good decision.
Probably affirm
Affirm?
You work for SQ?
Sq or PayPal or affirm?
If you wanna time the market, any time before mid term election is a good timing. Market expect to up and down. But do expect a positive return at year end
You can't guarantee the price of any stock. Admittedly, certain stocks are more reliable than others, but still no guarantees. It's best to train yourself to not count on your RSUs. If they go up great, but it's not practical to bust a move every time the market tanks.
Leave if you have an offer
Upst?
I was thinking that, but they are starting to rebound
Considering such a tiny portion of your TC is from stock, it doesn't really matter whether you stay/leave
Was initially like 25%
Ok so your TC is down 10%.. maybe you can get another job to put you back at 100% of your TC, but what if they drop after you join? Are you going to switch jobs every time this happens? Think long term here
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If you get a better offer, leave if it feels right
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Yeah, no reason to worry about sunk costs when you’ve got the future ahead of ya