by Jesse Anderson, CFA
Do you own shares of stock in the company you work for? Do they make up your entire 401(k) or just some of your “play money”? I’m amazed at the amount of clients and prospects I meet with that have a significant portion of their portfolio invested in their company’s stock. Familiarity and ‘insider knowledge’ seem to be the top reasons the hold the positions. They quickly forget stock picking is nearly impossible and even those with the greatest level of knowledge get it wrong.
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