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Jill on Money with Jill Schlesinger

Do I Own Too Much Company Stock?

Jill on Money with Jill Schlesinger

Audacy

Investing, Self-improvement, Education, Business

4.61.9K Ratings

🗓️ 17 September 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

Is there such a thing as owning too much company stock? And if so, what's the magic number? That's the question from Jennifer in Michigan.

Have a money question? Email me here.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Podcast. We are presented by Marcus by Goldman Sachs.

0:08.4

So this is the quickie episode where we get to answer your financial questions. If you would like to come on the

0:15.8

air just send us an email. Ask Jill at Jill on money.com. Ask Jill at Jill on money.

0:22.4

That is what Jennifer did. She is calling for Ask Jill at Jill on Money.com.

0:23.0

That is what Jennifer did.

0:24.0

She is calling from Ann Arbor, Michigan.

0:26.0

Hello Jennifer, welcome to the program.

0:28.0

What can I do for you?

0:30.0

Hi, good morning.

0:31.0

Thank you.

0:32.0

Well, I had a question about an older 401k that I had with a previous company and the amount that it is currently invested in that company's stock. It seems high, but it's been doing pretty well.

0:44.9

And so I'm not sure whether I should kind of roll it over

0:48.4

and divest from that company or not.

0:51.8

Okay, quick question.

0:52.8

So give us some details about who you are.

0:55.3

How old are you?

0:56.4

I'm 43.

0:57.7

Uh, single, partnered?

0:59.4

I'm married.

1:00.2

Okay, kids?

1:01.5

Uh, one kid in middle school. Oh, poor you. Good luck. The new job that you have, you have a 401k, right? And where is the new 401k?

1:15.0

What is the big mutual fund company or investment company that manages the 401k account for you

...

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