It's never appropriate to take your retirement dollars and invest in company stock. It's suicidal to put all of your money in the company.
More Quotes from Frank Armstrong:
If it's a pension plan, every dollar you take out is subject to ordinary income tax because that gain has never been taxed before and the IRS wants your money,Frank Armstrong
Why not just walk over to Vanguard and buy the SP 500 index fund
Frank Armstrong
If you're 22 and just out of school, you can afford to make a risk because you'll have a lot of time to make it up before you retire. For somebody mid-career, you can take a chance, but if you do that, you have to protect your investment capital -- your IRA and your other savings.
Frank Armstrong
Stuff every penny away that you can.
Frank Armstrong
These savages. These people. Think about it. To be on the floor and get your ... throat slit. They killed my brother in cold blood. That's the hard part. Someone grabs you by your hair and slits your throat on live TV.
Frank Armstrong
The difference compounded over a long period of time is a lot of money.
Frank Armstrong
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