[see other post re: diversified portfolio]
If this stock tanked, I'd be p.o.'d but not badly hurt.
Am thinking right after the 1-yr long term cg date of selling enough to extract my original investment plus taxes, letting the rest ride for a while in search of "gravy".
-Ben
>Ben,
>
>The usual investment advice is to buy sound stocks and hold them. However,
>this assumes a diversified portfolio... it sounds like this is the only
>stock you own.
>
>SO the answer depends on:
>
>1) if the stock tanks, are you wiped out?
>2) are you retiring in five, ten, or fifteen or twenty years...
>3) do you believe that the company is fundamentally sound, with good
>management, products and policies, and that the market for that product is
>stable?
>
>if the answer to 3 is yes then you might want to consider holding some of
>the stock, as long as you are not planning to retire real soon. (The reason
>for the caveat being that if you plan to retire in five years, the business
>cycle might not have come back around by then)
>
>In either case thugh I would get my hands on some money, by selling some
>stock if necessary, and put it into something else. Municipal bonds are
>usually quite safe, I think they are tax free, and they will do well in
>times when stocks do not.
>
>Caution, I am not a financial planner, although I had a securities license
>in another lifetime and I think what I am telling you here is fairly sound.
>
>Dana
>
>PS - Oh and btw people seem to think the economy is picking up so the stock
>price probably is not at the beginning of a nose-dive, unless something is
>going on with that particular stock.
>
>Hope that helps and once again I suggest research before actually doing any
>of this. You will be the one to deal the the consequences o your decision
>so make sure you are comfortable with it.
>
>And congratulations btw, sounds like you work for a good company :)
>
>Deanna Schneider writes:
>
>> How much we talking about here, Ben? What are your goals, etc? My parents
>> did some stock options once and used a one-time capital gains
>> exception....not sure if that still exists....and then paid off the house, I
>> believe. That could be an option.
>>
>> Oh, to have your dilemna....
>>
>> -d
>>
>> ----- Original Message -----
>> From: <[EMAIL PROTECTED]>
>> To: "CF-Community" <[EMAIL PROTECTED]>
>> Sent: Thursday, November 06, 2003 3:58 PM
>> Subject: Stock dilemna
>>
>>
>> > so everybody should have such a problem:
>> >
>> > About a year ago, I took a chance and bought a chunk of my employer's
>> stock in my personal account. Bought in at $3.19 a share.
>> >
>> > Today it closed at $12.40, and has been going up quite a bit lately on
>> good news.
>> >
>> > Price before they bought our site and the market turned south was about
>> $13-$14.
>> >
>> > So, what to do?
>> > Keep it all, hoping for even more gains,
>> > Sell an amount corresponding to the original investment, getting my money
>> out (so anything else is profit),
>> > Sell it all (take the money and run).
>> >
>> > And if I sell, where the heck to put the proceeds?
>> >
>> > <sigh>
>> >
>> > -Ben
>> >
>> >
>> >
>>
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