In the coming weeks, I'll be receiving 60k worth of stock units in my employer. My employer is a mid-size tech company, it's stock has declined 40% in value over the past year. I plan to immediately sell all or most of my stock. I expect after taxes I'll be left with somewhere between 30k to 40k. I do not anticipate needing this money to spend anytime soon, so I'm looking for ways to invest it.
I am considering just putting it in the highest rate CD I can find. Currently, that seems to be Ally bank with 2.5% APY for a 5 year CD (comes out to 13% over 5 years). I'm considering investing in stocks of well performing companies, but I'm not confident in my ability to play the market and choose the right companies to invest in or know the right time to buy/sell. Does anyone have any advice on how to be savvy with this money, or point me towards some resources I can use to be better informed about the options?
Submitted September 09, 2019 at 12:38AM by normVectorsNotHate https://ift.tt/2Q0I9fN
