Too Much Company Stock?

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 10 May 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

When it comes to owning company stock, it's important to consider it as one aspect of your overall portfolio, which means there should be a limit as to how much you own.

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

Transcript

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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. Okay, well, let me just give you
0:24.7	kind of the what happened. We close on the lowest levels of the day. The Dow was down about 2%,
0:31.0	S&P down 3.2%, the NASDAQ down by 4.3%. There were some technical levels that we blew through that
0:39.5	are kind of on my radar, but just to be clear, the Dow and the S&P 500 are now back to the levels
0:46.4	where we were in the spring of 2021. So just over a year ago, the NASDAQ has gotten hammered,
0:53.8	is now back to October 2020 levels. And so this is a real serious sell-off. I mean, the NASDAQ's lost
1:02.2	about a quarter of its value this year. That's a lot. That's a lot to take in gang. I know it doesn't
1:10.9	mean that you should do anything with this information. I'm just giving you the information.
1:15.4	I also know that it can be extraordinarily anxiety-provoking when we go through these periods.
1:22.4	There's no way around it. I can't sugarcoat it. The S&P's down 16% this year,
1:27.6	NASDAQ's down 25%, Dow's down 11%. But if you own small company stocks, the Russell 2000 is down 21.5%
1:35.9	this year. It's just bad. And there's not a lot of hiding in the bond market. And we've talked about
1:42.7	this on and off, but the Bloomberg, Barclays, Aggregate, Bond indexes, they're all down more than
1:52.4	10%, 10, 11% on the year. So there isn't a lot of hiding. I wrote about that the fact that there
1:58.2	isn't a lot of hiding in your portfolio right now. But what you need to know is that probably if you
2:04.3	need help, we're here for you. And if you need some handholding, I'm here for you. You know, I never
2:09.6	get freaked out about these periods. I just don't. I mean, I get freaked out about other things in
2:13.9	life. I'll tell you markets have never freaked me out, ever, ever, ever. So if you're long-term
2:19.3	investors, and I know you are, or if you need your money within a year, you've goofed and you
2:23.6	need to take some money out and lock in your losses, either way, we're here for you. Give us a
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