So DH's stock vested today and annoyingly enough it didn't hit his account to sell. I'm dying. Literally dying. I need him to sell it because the market is so crazy right now that I can't take the uncertainty.
For us the stock is part of his compensation and we do not hold onto for "gain". We cash out and stick it before in taxable account for investments. We always save it. As I explain to friends, clients, anyone who asks, you don't hold stock for the same company you work for. Think enron? Or the big car companies.
To hold all that stock and they go bust. I don't think DH's company will go bust. But I don't want to risk anything happening. We already have enough inherent risk by working there. To tie up our net worth into one company is risky.
So we sell and we don't make the profit probably others do. But maybe they have a second full time working spouse, but even then I think we'd sell. Or maybe they are single and without kids. I might hang on then. But otherwise it's a big chunk of DH's compensation? How large? As of right now he has made salary 45%, stock 35% and 20% bonus. So risking a 1/3 of DH's salary.
If anyone else does this I commend you for being super risky. It's more risk than being 100% in stocks or mutual funds. But for me? I find myself deleveraging ourselves and trying to minimize risk by selling stock and looking at the cash and going that's the salary.
trying to sell before the market drops
May 15th, 2020 at 09:21 pm
May 15th, 2020 at 11:13 pm 1589584393