Hi /biz/,
The company I work for is getting bought out by a larger competitor and my ESPP shares are being bought out.
I'll be getting around 35k USD.
I have a 401k as well with about 26k in it and 12k in a savings account.
My question is what do I do with the ESPP money? Any other advice?
Im 27 and in SoCal.
i would say to hold on to it and see what the news for oil is, buy if it is predicted to go up.
Don't fall for the ETHereum meme.
>>1062549
I did think of doing this. In this case, would it be better to buy a specific company or an ETF?
>>1062569
Timing the market is risky
Just buy an ETF that tracks the S&P 500
>>1062545
Pay off any debts then maximise your 401k. Not 'Merican but I think they have a tax free limit?
Then get yourself a burger. Sometimes a person need to silently gloat at McWorkers.
>>1062600
No debt thankfully.
I am thinking of going back to school, but I'm not sure if it's worth it.
I make about 65k a year and it's nothing in California.
Are investment properties still viable?
>>1062609
Buy to rent? Always, It depends a little bit on Cali's tax regime whether its the best option but it will be profitable. Go up market or young professional if you do.
Spending on a bigger place from yourself shouldn't really be thought of as a financial investment.
1)It gets emotive
2)Its perfectly possible to make changes to a property that lower value despite you liking them
3)Not very liquid. A minor point but it compounds
4)You have to move if you need the money.
>>1062569
Hmmm , personally atm i'm looking at EXXON
>>1062569
Also if housing market collapses , i'd look into buying a piece of property
>>1062636
I live in the guesthouse at my parents house and at my girlfriends place most of the time, so it would be a buy to rent out situation, at least for now.
What do you mean by "market or young professional"?
Thank you for the advice
>>1062545
Which company. Is it publicly traded. Has PR been released on the BO yet?
>>1062693
Yeah it has been released. Its trading at about 138.5 right now. Buyout is at 143 per share
ARG
>>1062697
Thanks. How long did you know about the buyout, before or after PR?
>>1062699
There was rumors floating around but nothing concrete about a month before.
I didnt know until we received a company wide email. That same day the PR announcement was made. Im not exactly high up on the totem pole, just a production manager at one of the larger plants.
>>1062688
Go for small and posh rather than large and slummy essentially. Also the where it is matters.
>>1062706
I see. Thanks again for the advice.
All in NE, RIG, and SPN. Do it.
>>1062710
Why?
>>1062731
Long oil, baby