Paola Mata

Okay so no one told me you’re supposed to sell RSUs and diversify, and I’m embarrassed to say how much money I’ve lost over that lack of information.

I guarantee I’m the only person in my family who even knows what RSUs are.

I’m aware there are books and financial advisors, but it’s frustrating that personal finance is something I have to figure out on my own, much like so many other things in my life as the eldest child of immigrants. Sigh.

Feb 27 at 12:21amMastodon for iOS
Show threadDavid SmithFeb 27

@paolamata the one that got me (for about $13k lost) was not knowing that the cost basis wouldn’t be imported as the right value from etrade, so whenever the topic comes up I try to mention it now.

(I was able to get most of the money back by filing amended returns)

Show threadPaola MataFeb 27
@Catfish_Man genuinely afraid of how much I’m going to owe in taxes this year. It was my first year of having RSU’s vest.
Show threadNed HolbrookFeb 27
@paolamata @Catfish_Man I would expect an employer to withhold ordinary income taxes and FICA taxes upon vesting.
Show threadJohn MarcFeb 27

@paolamata I'm heavy in AAPL, but my diversification strategy is just working on paying off the house. So it goes up, I pay more on the house.

Many people say this is dumb, but they (general waving) can't take my house if it's fully paid off. Makes me sleep better.

Show threadPaola MataFeb 27
@ioloro I’d want to do the same, tbh.
Show threadJohn MarcFeb 27

@paolamata I'm pretty boring on regular investing. I just look at what mutual funds has a 5 year track record I like, and click.

No background, training or advice from family cause they never cared to get into it themselves.

Show threadCharles PerryFeb 27
@paolamata If you’re looking to learn more about investing and personal finance, I suggest that you check out The Bogleheads (https://www.bogleheads.org). They started as an online group that espouse low-cost buy-and-hold strategies.They’re also non-profit, with no services to sell you, which is nice. They have a few books that cover the basics (book profits go to charity), and their online forum is a wealth of knowledge with questions covering every scenario you can imagine.
Bogleheads Investing Advice and Info

Show threadGreg PierceFeb 27
@paolamata I have some finance background, and understand a lot of it…and, still, finally getting a financial advisor was one of the best moves I made. Consider it. They have improved my returns well more than their fees, make sure I do it in a what that doesn’t have big tax impacts, and serve as a resource to make specific plans to pay down my house, best way to finance a car, etc.