I am working at Facebook and have $350K FB stocks in my stock account. Should I sell them and buy FDN or PNQI instead for long term investment? Owning FDN or PNQI may be less risky and I can trade them any time, but I have to pay some tax if I sell FB stocks. Any advice?
They are my RSUs, so they are not in my 401K account.
FB stock has outperformed both indexes. Why do you want to cash out?
I just felt it risky to put all the money on one stock and I can not sell FB stocks when my company's trade windows is closed.
Have you looked at Cryptos? You can get plenty of crypto investing advice here
Yes. Absolutely. I’m doing the same thing right now.
Makes sense to sell part of your FB shares and buy index or mutual funds as a long term investment plan, diversify your portfolio and thereby minimize your risks. Don’t worry too much about taxes on your again, you will have to pay it anytime to you sell your stocks
Not quite...compare 2 cases. 1) $2 gain pay 0.66 have 1.34. Case 2) two transactions $1. .66 and then 0.44 gain on = 1.10 cents gain. Losing out a bunch.
@Clone if you have two transactions with 1$ gains you pay 0.33 tax on both and are left with 2 piles of 0.66, 2*0.66 =1.33. I don't understand how did you come up with 0.44. Unless you are counting transaction fees or charges by the broker.
I definitely recommend cashing out, but I wouldn't put the proceeds such a narrow sector fund. VTI with a little VXUS mixed in are much better choices. Making and saving a ton of money in your day job is how you get rich. Broad diversification is how you stay rich.
That’s so much money, just buy a freaking house!
After buy house then rent the hell out of it. Win win.
Houses in bay area are already very expensive now. We are already on a loan. $350K won't be enough to buy a house.
Buy a house in the heartland. Not coastal cities.
The most basic rule of smart long term investing is diversification. You are already overly vested in your own company by your salary, house prices and so on. It is definitely not advisable to keep significant percentage of stocks from your own company in your portfolio. Disclaimer : This is general advise which works for 90% of the world, your individual results can obviously be contrary.
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Can you trade from your 401k to avoid tax implication. Quick trading hurt longer term as taxes pile over the transactions...reducing the base. But if these are your only stocks, then diversify bro...like an Ibdex fund or Berkshire....yet call