Recently just got my first purchase of stocks through my companies ESPP program at 15% and unsure if I should hold or sell. In a week, my stock total already went down $100 or so, which has me wanting to completely sell and take the win. The video game company is scary right now with all the huge layoffs, so I'm unsure if that will hinder the companies stock price at all in the near future. However, certain upcoming projects are noteworthy and might boom our stock price, which has me wanting to hold, but really torn.
Side question: I read in some other posts to sell and put that into index funds, but no clue what that is. Would that be something I could do within Fidelity where I already have my investments? (only 401k and my ESPP really).
Would it be out of pocket to think about these ESPP funds as my "Fun Fund" lol, perhaps using it to pay for vacations and trips or what not without having to stress about using my savings or on hand cash. Is this a horrible idea? Last week I got back from Japan and boy oh boy was it the most expensive trip I've taken.
Thanks for your advice, and hope you're all having a wonderful Friday!
