Just something to consider, I am not a financial advisor. Common knowledge is “you’re already heavily exposed to your company’s volatility via working there. Sell your stock because if your company sinks, you’ll lose your job AND your stock” Which is true for most jobs. But Google, meta, etc. isn’t going to sink, just bounce up and down somewhere between “super fucking rich” and “even more rich”. And if layoffs happen (ergo your job is at risk), the stock always goes up within the weeks following. It’s inversely correlated. $999k
Layoffs trail bad stock performance, so if you hodl you just ride the stock down and then get fired. Your argument makes sense for holding on to some stock after being laid off though, when you would expect stock price to rebound
It’s not correlated at all. Not at an individual level for most.
His argument is still correct though. If you get laid off then your shares are worth more because layoffs increase share price.
Not really. An individual getting laid off has no impact on stock price. GOOG is running decently because of the macro economic conditions and is correlated to index. This argument used to hold for no name smaller companies. This risk is non existent for a trillion $$ company