Scott and James discuss how much company stock ownership is too much.
Planning Points Discussed
Listener Question:
I'm a manager at a blue chip company and they offer up to 20% of their stock in your 401K.
Right now I have 8% of my 401K invested in company stock with the rest in target date funds. I'm wondering your thoughts on if 8% is too much or too little. I have another IRA with good mutual funds and a personal brokerage account where I pick my own stocks. Just wanted to add that in so you didn't think that this 401K is my only savings for retirement.
Timestamps:
4:28 - Rules of Thumb
9:32 - Casting A Wide Net
13:47 - Risk v. Return
17:12 - Company Stock Summary
18:44 - Aligning Your Financial Goals With Your Life
LET'S CONNECT!
James
Scott
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