Personal context: I work for large tech company X. We get a significant amount of restricted stock units vested ever year, which is basically an award of the company's stock. All my coworkers say it's crazy to sell/cash that out because of how amazing the stock has done recently and historically. And the truth is, that would have consistently been the best move for many years given the specific company's history. It's how everyone who has been there for a while became loaded. However, I'm thinking of selling all the shares as soon as they vest every year (not just enough to cover the taxes), moving the money into my brokerage account, and just buying some broad market index fund. That is what I would do with the money if I came upon it elsewhere. I wouldn't go out and buy tech company X stock specifically, so it doesn't make sense for me to hold on to large amounts of it because I received it in that form. Obviously, I'll be risking FOMO if the stock keeps vastly over-performing the market, but I'd still benefit from that since I'd have future vested stock for next year appreciating. It'd also worry me to have such a huge percentage of my assets in that one stock.
By "right" move in the question. I obviously mean the right process move, and not the right outcome move (which no one knows for sure).
Submitted June 17, 2018 at 10:14AM by readingtheturtle https://ift.tt/2tm3P7B
