05-10-2022, 12:49 PM
(05-10-2022, 11:16 AM)fenders53 Wrote: I saw the news this morning. That was a devasting hit. The court judgement is over half PEGA's market cap. I don't know how this gets better but I sure hope it does somehow. You were trying so hard to lighten your exposure to company stock when it ran. The tax implication would have been crazy to do it all at once. This really, really sucks.
Yes it does! But hopefully ...
1. The company eventually wins its appeal.
2. The company completes its transition to subscription based contracts.
3. Rates stabilize and eventually tech goes back into favor.
4. The company's product offerings continue to win sales.
So that by 2025, the stock price is back to where it was or higher, and this will all have been a bad dream
And likewise for the triple ETFs, I don't expect a 6 month comeback like 2020, but hopefully by 2025-2026 they are flying again. Though I have a new rule to take profits when they reach new highs (!!!) so this will never happen to me again.
And by 2028 child support will end for sure, and after that I should be able to dramatically increase my investing. My retirement age has probably moved from 60 to 63 though.