The emotional attachment to a company that helped you build your wealth can make it difficult to make rational decisions about when to sell. This episode breaks down the data showing why only a small fraction of stocks create long-term wealth and how you can use strategies to transition out of a concentrated position while maintaining your financial security.

Chapters:
00:00 Retirement Landmine Intro
00:44 How Much Is Too Much
03:33 Intel Crash Cautionary Tale
05:03 Biases And Stock Odds
21:40 Planning Tools And Exit Strategies
36:34 Exchange Fund Basics
37:30 Capacity And Diversification Limits
39:13 Lockups And Tax Reality
41:03 Collars For Downside Protection
46:02 Direct Indexing Tax Harvesting
49:09 Tracking Error And Wash Sales
51:30 Beware Shiny Tax Products
55:22 Opportunity Zones Reality Check
56:23 Leverage And Margin Loan Risks
01:05:33 Wrap Up Key Takeaways

Links & resources from this episode:
- Hendrik Bessembinder study: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3537838
- Visit our website: https://makingretirementmakesense.com

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- Spotify — https://open.spotify.com/show/2eOvIUMulgZUzUTGpzYrts

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Disclosure
This channel contains general educational information only. Nothing contained herein should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice.