I created a sock to ask this...
In my 10+ years with a company, I've acquired a little under 7 figures in company stock which I've failed to do anything with. I like my company and feel like were a leader in our industry (no excuse to be that heavy in the stock). Every time I convince myself to sell, i get cold feet not knowing what to buy and not wanting to be in cash. Any advice?
My info:
I have a mortgage, but I'm not excited about paying it off as I move a lot.
No other debt
Have a few 100k of cash in a savings acct that I'm scared to do anything with
Max my 401k, hsa
Contribute to 529s for each kiddo
Have about 500k in post tax dollars in an Etrade account where I own shares of various companies that I bought based on my Morningstar subscription. Almost all of it is overvalued now according to the service so I can't find much else I want to own. I started this account just to learn and play around and it's grown into a significant amount now.
Mid 30s married single income with a few kids
I have sufficient life insurance and emergency cash
I work a lot and I'm not interested in buying or starting a business, rental stuff, etc. I spend enough time away from family with my current gig.
Thanks for any advice. I know the basics about investing and enjoy this forum but investing is not my thing. I feel dumb being so heavily invested in the company which already signs my check. I know that's historically proven to be a mistake. Don't be too hard on me.
In my 10+ years with a company, I've acquired a little under 7 figures in company stock which I've failed to do anything with. I like my company and feel like were a leader in our industry (no excuse to be that heavy in the stock). Every time I convince myself to sell, i get cold feet not knowing what to buy and not wanting to be in cash. Any advice?
My info:
I have a mortgage, but I'm not excited about paying it off as I move a lot.
No other debt
Have a few 100k of cash in a savings acct that I'm scared to do anything with
Max my 401k, hsa
Contribute to 529s for each kiddo
Have about 500k in post tax dollars in an Etrade account where I own shares of various companies that I bought based on my Morningstar subscription. Almost all of it is overvalued now according to the service so I can't find much else I want to own. I started this account just to learn and play around and it's grown into a significant amount now.
Mid 30s married single income with a few kids
I have sufficient life insurance and emergency cash
I work a lot and I'm not interested in buying or starting a business, rental stuff, etc. I spend enough time away from family with my current gig.
Thanks for any advice. I know the basics about investing and enjoy this forum but investing is not my thing. I feel dumb being so heavily invested in the company which already signs my check. I know that's historically proven to be a mistake. Don't be too hard on me.