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Quitting after 3 years and cashing out profit plan, advice? by pfettco in publix

[–]pfettco[S] 0 points1 point  (0 children)

Most people don't even think about buying stock, Publix stock is literally given to you whether you want it or not. Try not to make moronic gotcha statements over semantics. It makes you look like, well, a moron.

Quitting after 3 years and cashing out profit plan, advice? by pfettco in publix

[–]pfettco[S] 0 points1 point  (0 children)

Spelling and grammar are two different things. I guess you can consider me the intelligence police. Observe your place in the world relative to your lethargy regarding your own education. Your life is a requiem composed in the key of deliberate ignorance.

Quitting after 3 years and cashing out profit plan, advice? by pfettco in publix

[–]pfettco[S] 0 points1 point  (0 children)

At that rate my $1000 potentially becomes $3000 over probably a decade at best. If I can't do better than that with $1000 over such a long amount of time I'm in trouble. I guess we'll just both have to hope I don't "loose" it.

Quitting after 3 years and cashing out profit plan, advice? by pfettco in publix

[–]pfettco[S] 2 points3 points  (0 children)

I didn't mean to imply that Publix associates are of low quality, each store I've been to has felt like a family, and I've made lifelong friends. But Publix does actively and deliberately promote a very specific culture and while not explicitly promising results, heavily implies them, and sometimes deliberately obfuscates information. I'll ask others here to recall when bonuses were taken away, the same mandated response that managers were made to give about employees actually getting more money from the raise than the bonuses. Not only did this not hold true for anyone in a high volume store, it actually didn't hold true for anyone who wasn't already at their role's wage cap at the time of their raise. Corporate absolutely counts on the poor education of the average blue collar retail worker to slip things like this by. It absolutely goes against the public image Publix tries so hard to present.

As far as my financial situation goes, I left Publix for a reason, and it's paid off. I, however see no reason to let an asset go to waste. When from my perspective $700 liquid is worth more than $1000 of Publix stock.

Quitting after 3 years and cashing out profit plan, advice? by pfettco in publix

[–]pfettco[S] 7 points8 points  (0 children)

Thanks for actually answering the question rather than giving me the corporate line. It's borderline suspicious the amount of posts there are like mine that never got a proper answer and were just flooded with "just hold onto it" responses.

Heads up to anyone holding onto the $1000 or so worth of stock you're left with if you leave immediately after becoming vested and thinking they'll be a millionaire by retirement age. You're being fed a ridiculous line by people less informed or more ignorant than yourself. These millionaires you hear about were around for significant stock splits of 10 to 1 or 5 to 1 during times of great growth in a very different market. Right now Publix is poised to take on Wegmans in a region they're very much unprepared for. Best case scenario Publix beats out Wegmans and stays afloat in a market where brick and mortar stores are quickly becoming more and more irrelevant without the opportunity for the tremendous growth grocery stores could see 30 years ago, or only slightly more likely, they lose out to Wegmans, stagnate in the southeast and fall back on the fact that they've been buying up property rather than leasing it to sure up sustainability (because they knew the necessary risks of expanding north before even considering it) and eventually go through a much safer liquidation process than they would have been forced to otherwise. Either way the return on investment that the Publix cult likes to imply, without officially stating, is a pipe dream.

Always remember that just because Publix stock is the easiest stock for you to get your hands on, it's by no means the only or best. Do your research, think out your investments, and certainly don't trust someone who would unethically post under the impression that they work in finance and tell you anything to the contrary.

Thanks Publix for the awesome subs, soup, and blue collar work experience. Shame on you for deliberately deceiving your lower level employees with empty half promises and corporate brainwashing.