I work at Aamazon and I’m 260K richer because Covid-19 happened. Not sure how to feel.

You should feel good. The lockdown is "benefitting" you because you own stock in a company that is more useful during the lockdown. It would be illogical to feel bad about correctly allocating resources.

I'm 1.3 million richer. I dont feel the need to start a thread about it.

I’m $1200 richer. I’ll contribute to the thread.

Ah but u clearly have the urge to one up me.

You clearly aren’t that rich

You think you don't know how to feel? What about Jeff Bezos? Probably can't sleep at night.

You're only up if you sold. If you haven't sold the stock, you aren't up anything.

corones wrote:

Live in Seattle and work at Amazon

Stocks up 20 percent and just like that I’m 250k richer.

Not sure how to feel. Lockdown is clearly benefitting me.

AMA

But you lost 10k between the time you wrote the Subject line to the time you wrote the 2nd sentence!

corones wrote:

Stocks up 20 percent and just like that I’m 250k richer.

Not sure how to feel. Lockdown is clearly benefitting me.

AMA

So you own about 625 shares? BTW, some people own more shares without living in Seattle or working there.

America’s great

I hope you enjoy that cash in hell

"You're only up if you sold. If you haven't sold the stock, you aren't up anything. "

Right. That's the truth. Not many people understand this,

drthdsh wrote:

"You're only up if you sold. If you haven't sold the stock, you aren't up anything. "

Right. That's the truth. Not many people understand this,

Does this apply to currency exchange rates? If somebody has 10 million pounds sterling sitting in a London bank account, can he not call himself a dollar millionaire until he transfers a $million of it to his American bank account?

Did you know that banks don't physically keep your money in a shoe box in the bank? It's all nominal debt owed to you by the bank, and in terms of real value goes up or down according to various factors such as inflation. And if every single customer at your bank decided to withdraw their money on the same day, you'd realize you didn't really have it. Just as the OP would if enough Amazon stock holders suddenly decided to sell.

math AMA wrote:

corones wrote:

Stocks up 20 percent and just like that I’m 250k richer.

Not sure how to feel. Lockdown is clearly benefitting me.

AMA

So you own about 625 shares? BTW, some people own more shares without living in Seattle or working there.

True, but those people have more diversified portfolios and are thus less rich than they were ~4 months ago

I would not feel good because of idiosyncratic returns. Just bank those for a setback against your interests. Good insurance money.

I would recommend not feeling good

You should feel bad about it. In fact, to relieve your guilt, you should give it away. I would happily take one for the team and take it off your hands.

Good point except currency rates don’t generally fluctuate by 20% in a couple of weeks

But can you sell the stock? If not, then you aren’t that much richer.

To some extent making money is fine but I hope if you're on the inside you can see how awful it is for some of your front line workers. Drivers deserve better pay, safety measures, and paid sick leave. Bezos has so much wealth think about how many more people he could employ & pay living wages to in this crisis. While people like you get a kickback rn, execs got together to file the employee involved in union organizing in NYC. You're fine for working there, I always think about how I would do things differently if I were in a power position in a company like that. Usually by the time people have risen, they've forgotten their spine & what it was like to be working class, living paycheck to paycheck.