Your Survival Guy

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What’s the Hardest Thing About Owning Company Stock?

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OK, we know how much the billionaires are worth—less than they were—like they’re acquaintances. Job cuts are happening by the tens of thousands. The tech oligarchs will be just fine paying the heating bill. But think about the worker who started the year with stock worth a million—worth less than a hundred grand now. That’s life changing.

It’s tough selling company stock. It’s a double-edged sword. A sale looks like a lack of faith. And it’s devastating to think about missing out on future gains. And then the crash comes.

When prices are going up, it’s hard to think about developing a scheduled plan to sell. But it’s the path I recommend. With so much of one’s wealth and your family’s well-being tied to the company, why have the exposure? It’s worth thinking about.

Action Line: Losing money is terrible. Being disciplined enough to sell stock options on a schedule is hard. If you need help, let’s talk.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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