Mortgage Blog

A few years ago, when I worked in Rubric/Broadbase/Kana Software,
I was granted lots of stock options. And we saw the option value
high when the stock over $200 per share. And I did not sell at all
even when it was as low as $2 when I was laidoff in 2001.

My boss then, sold the stock regularly, when the price as high as $200,
or $50 or even when it was at $10 or $2, he sold it whenever
the vesting options were allowed to sell. And in 2001, after he joined
Google. And he did the same thing.

Basically he is a very Discipline person. He does not trust that
much about the company earnings, etc and will not hold the stock
for the future dream of higher price. He trust the opportunity he
has and exercise that opportunity.

For me, the discipline is the right strategy to handle the stock
options. And it's the right stragedy for anything else.

For us, the mortgage brokers, we always have the questions when
or whether should  lock the rate. I learned the experience from
my boss and I am very discipline now. I will lock the rate
when the rate was agreed by both the client and myself. I have the
commitment to close the loan no matter what. Even though the loan
process time takes longer than expected now, I still extend the rate
(and pay the extension) for my cleints until the loan closed.
And for my clients, it's the commitment to close the loan even
though the market rate is a little bit lower after the lock.