What to do after IPO
I have about $500k of stocks and just bought a $1.5m house, 20% down. After the IPO I will have another $500k of uber stocks post tax (at current value, might be more or less next year). What should I do with the stocks?
How does the “another $500k of stock post tax” work? Is that based on vesting timeline?
Either diversify or pay down the mortgage.
Depends on what the mortgage rate is. Less than 4% I'd let it ride. Rates are definitely going up in the next 24-36 months.
Plan ahead. Stock price will go back to less than a half within a year
What’s this based on?
Whatever you do, don’t hold a significant amount in a single stock. Especially if it is the company you work for. All the HODL people are giving terrible advice.
Don't pay down your mortgage. I don't know why people here keep suggesting that. Your after-tax interest rate on your mortgage is likely south of 3%. Your long-term return on diversifying your stocks through an ETF will likely be north of 7%. 7%>3%. Sell most of your Uber stock and get into an ETF for the long haul.
First piece of solid advice here!!
So what's the point of having money?
Exchange all for VTSAX
Wow, what level are you at? That’s a lot of stock!
Hookers and blow
Incomplete poll. Next.
Other options?
Really? You can't think of anything else you would do with a chunk of cash?