ST Alpha - "Ooof. Stock market is not liking the news that our CEO is retiring." (Reading a Post)

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Posts: 166

Ooof. Stock market is not liking the news that our CEO is retiring.

Posted by znufrii Mar 10 '22, 08:43

BK -6.27%

Responses:

How can it serve you today? -- nm - CinnaBaron Mar 10, 08:53
When news got out he post-dated mafic's deposit all those years back, retribution came fast -- nm - prayformojo Mar 10, 08:48
Also this will be our fourth CEO in the six years I’ve been here. That seems like a lot. -- nm - znufrii Mar 10, 08:46 6
- Without any other details, this certainly doesn't seem great -- nm - ty97 Mar 10, 09:09 1
  - Timeline inside. -- (edited) - znufrii Mar 10, 09:19
- I have been in my job since November of 2018. We have had four CIOs in that time and are about to hire a fifth. -- nm - amanda jeans Mar 10, 08:58 3
  - They should just give you the job! -- nm - decline Mar 10, 08:59 2
    - Not sure she would want it given the churn -- nm - budice Mar 10, 09:15 1
      - CIOs envy the longevity of Spinal Tap drummers. -- nm - spamlet Mar 10, 09:19
FWIW, stock market doesn't really like anything lately -- nm - ty97 Mar 10, 08:45 15
- tale for you - decline Mar 10, 08:53 13
  - Buying....opportunity? -- nm - ty97 Mar 10, 09:10 10
    - I'm in the middle of our backdoor IRA contribution. Sold Tuesday and sitting in cash until next week. - spamlet Mar 10, 09:28
    - I upped my 403b contrib to 100% this month and will scale back the rest of the year. whatever, buy the dip. -- nm - amanda jeans Mar 10, 09:11 8
      - I’m going mega backdoor again once my raise hits next month, probably, and am thinking of pulling forward my annual Roth IRA contributions - znufrii Mar 10, 09:24 4
        
        I still don't understand mega backdoor, but I don't need to because I don't make enough! lose-lose, right? -- nm - amanda jeans Mar 10, 09:36 3
        
        Your plan would have to allow for after-tax contributions, and then you’d need a way to convert those to Roth, which could be tricky, depending. -- (edited) - znufrii Mar 10, 09:41 2
        
        and I'd need to make too much money to contribute to a roth which I do not! so.... -- nm - amanda jeans Mar 10, 09:55 1
        
        That’s just for the regular backdoor for IRAs. The mega backdoor option is for qualified retirement plans and would be in addition to your regular plan contribution limits regardless of income. -- nm* - znufrii Mar 10, 09:58
      - My small lump sum pension check is rolling into my IRA account as we speak. -- nm - ty97 Mar 10, 09:14 2
        
        "Funds should be available in 4-6 weeks" -- nm - Fidelity Mar 10, 09:14 1
        
        Yeah they'll just wait until the market is back to an all time high probably -- nm* - ty97 Mar 10, 09:16
  - Oof. -- nm - znufrii Mar 10, 08:58
  - Hopefully the advisor at least got paid well. -- nm - spamlet Mar 10, 08:57
- ty97 -8.8% after the above post -- nm - Spawn Mar 10, 08:46
Uhm... why didn't you give us a heads up? -- nm - Spawn Mar 10, 08:44

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