It surprises me that people that get stock rewards in their company don’t instantly sell them. Yes, you pay more in taxes because of capital gains, but you can avoid that by waiting a year to sell if you really want to.
I work for a tech company that offers ESPPs and gives stocks as bonuses. I sell those instantly and just take the guaranteed profit and turn them into index funds. There is just no way in hell I’m linking my employment AND my stock portfolio to a single company.
COULD I potentially make more by waiting? Sure, but that is not a risk I ever want to take. I’m not gonna be holding my companies stock and have it tank in value AND lose my job at the same time.
Invest in stocks or index funds that are unrelated to your field of work. That’s my advice anyway. You should never have all your money sitting in a single companies stock anyway.
It surprises me that people that get stock rewards in their company don’t instantly sell them. Yes, you pay more in taxes because of capital gains, but you can avoid that by waiting a year to sell if you really want to.
I work for a tech company that offers ESPPs and gives stocks as bonuses. I sell those instantly and just take the guaranteed profit and turn them into index funds. There is just no way in hell I’m linking my employment AND my stock portfolio to a single company.
COULD I potentially make more by waiting? Sure, but that is not a risk I ever want to take. I’m not gonna be holding my companies stock and have it tank in value AND lose my job at the same time.
Invest in stocks or index funds that are unrelated to your field of work. That’s my advice anyway. You should never have all your money sitting in a single companies stock anyway.
yes I do the same, I never understood people’s “loyalty” of holding.
Is just double risk.