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Too much in company stock
#11
(03-04-2021, 08:56 PM)ken-do-nim Wrote: So ... had the chance to sell in the $140s around the time I started this thread.  Now ... $116/share.  Ouch.
Not good because your intended targets haven't been hit nearly that hard.  Most of them anyway.
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#12
(03-04-2021, 10:52 PM)fenders53 Wrote:
(03-04-2021, 08:56 PM)ken-do-nim Wrote: So ... had the chance to sell in the $140s around the time I started this thread.  Now ... $116/share.  Ouch.
Not good because your intended targets haven't been hit nearly that hard.  Most of them anyway.

Yeah.  I'm not touching it for a while now.  The only move I have to make in 2021 is to exercise a tiny amount of options before they expire.
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#13
(03-04-2021, 11:30 PM)ken-do-nim Wrote:
(03-04-2021, 10:52 PM)fenders53 Wrote:
(03-04-2021, 08:56 PM)ken-do-nim Wrote: So ... had the chance to sell in the $140s around the time I started this thread.  Now ... $116/share.  Ouch.
Not good because your intended targets haven't been hit nearly that hard.  Most of them anyway.

Yeah.  I'm not touching it for a while now.  The only move I have to make in 2021 is to exercise a tiny amount of options before they expire.
Good call.  You should have another chance to trim higher later in the year.  The market isn't done with tech if your company's PE isn't insane.
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#14
It's "N/A" Sad
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#15
(03-07-2021, 10:28 PM)ken-do-nim Wrote: It's "N/A" Sad
PEs are just annoying in this market anyway.  Smile  Just do what you believe is best in the longterm.  Gradually is what I try to do because we are not likely to time anything perfectly.
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#16
(03-04-2021, 10:52 PM)fenders53 Wrote:
(03-04-2021, 08:56 PM)ken-do-nim Wrote: So ... had the chance to sell in the $140s around the time I started this thread.  Now ... $116/share.  Ouch.
Not good because your intended targets haven't been hit nearly that hard.  Most of them anyway.

Now $113 ... maybe I won't check again until November lol.

The funny/sad side effect is that it is no longer 90% of my portfolio.  After this refinance cash-out, it is getting closer to 50/50.
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#17
Automatic rebalancing! Big Grin

I'm sure you now understand the need to diversify a lot better than you did before. You had the right idea, you were just a bit late in making it happen. All of us pay some "education money" once in a while, it's part of the process.
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#18
Very true. Hopefully it will rebound like it always does and I will simply cash out later, if not this year then next. Between the stock portion of my bonus and the employee stock purchase plan which I dump 10% of my salary into to buy at 85% of the price, I have so much going into it that it exacerbates the problem.
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#19
I am somewhat familiar with the program your company participates in as most fortune 500s offer it. It's smart to continue contributing due to the match. On the dates you are allowed, I would be inclined to transfer the equivalent of your annual contribution and match. When your company stock isn't getting killed at withdrawal time, trim it back an additional 25% (or whatever), and walk your port back to diversified in a year or two. Whatever we do in a hurry is usually wrong and the reason I suggest a "method".
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#20
I like the idea of figuring out an end date for when I want to be diversified, then walking back from there to determine how much I should sell annually.
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