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Jill on Money with Jill Schlesinger

Too Much Company Stock?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.61.9K Ratings

🗓️ 10 May 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

We have a third of our money in company stock, and I realize that’s way too much, but I also don't want to pay the huge tax bill should we reallocate. What should I do?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"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 Show. It is Tuesday, May 10th, and P.U. Did that stink yesterday.

0:12.4

Yeah, after five consecutive weeks of selling, we started the week with more selling.

0:18.7

Can we do something a little bit less repetitive? Come on now.

0:22.9

Okay. Well, let me just give you kind of the what happened. We close on the lowest levels of the day.

0:28.5

The Dow was down about 2%, S&P down 3.2%, then NASDAQ down by 4.3%. There were some technical levels that we blew through that are kind of on my

0:40.6

radar. But just to be clear, the Dow and the S&P 500 are now back to the levels where we were in the

0:48.1

spring of 2021. So just over a year ago. The NASDAQ has gotten hammered is now back to October 2020 levels.

0:57.5

And so this is a real serious sell-off.

1:00.7

I mean, the NASDAX lost about a quarter of its value this year.

1:06.7

That's a lot.

1:07.9

That's a lot to take in, gang.

1:09.5

I know.

1:10.2

It doesn't mean that you should do anything with this

1:12.6

information. I'm just giving you the information. I also know that it can be extraordinarily

1:18.3

anxiety provoking when we go through these periods. There's no way around it. I can't sugarcoat it.

1:25.2

The S&P's down 16% this year. Nasdaq's down 25%, Dow's down 11%. But if you own

1:31.6

small company stocks, the Russell 2000, is down 21.5% this year. It's just bad. And there's not a lot of

1:40.1

hiding in the bond market. And we've talked about this on and off, but, you know, the Bloomberg, Barclays, aggregate bond

1:49.0

indexes, they're all down, you know, more than 10%, 10, 11% on the year.

1:55.1

So there isn't a lot of hiding.

1:56.6

I wrote about that the fact that there isn't a lot of hiding in your portfolio right now. But what you need to know is that probably if you need help, we're here for you. And if you need some handholding, I'm here for you. You know, I never get freaked out about these periods. I just don't. I mean, I get freaked out about other things in life. I'll tell you, markets have never freaked me out, ever, ever, ever.

2:36.4

So if you're long-term investors, and I know you are, or if you need your money within a year, you've goofed and you need to take some money out and lock in your losses, either way, we're here for you. Give us a holler. Go to Jillonmoney.com. Click the contact us button. you breathe, don't worry. Let us know if you want to come on the air. We'd love to have you. And just know that this is the whole reason we created this community

...

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