Sell RSU or wait it out?

I joined a high flying IPO last year whose stock ripped 15 - 20 fold within a year. Unfortunately timing is everything in life and so when I joined the stock was at it's peak and since then it started to unravel like I jinxed it.

I know, I know... entire growth sector went down since November and it's still down. 25% of my shares are about to finally vest in the near future.

These RSU units are worth less than half its value. I know taxes will be withheld when they vest and also when I sell, short or long term taxes will apply if I don't sell immediately.

General wisdom is to sell vested RSU immediately and treat it like a cash. If someone holds onto their RSU it's equivalent to buying stock of their own company. All eggs in one basket. Despite stock being down more than 50% I think there is a good chance I can get to a break even price in a few years.

What have some of you done in such a situation? You feel strongly about companies prospect and don't feel like you should sell at such a discount.

I'm pretty torn to a point where I think I'll keep half and sell half that way I can only have half a regret either way. Is that a good strategy?

TC tax: 400k

#personalfinance #investments #RSU #vesting #stocks