I work for a company that's owned by the Danaher corporation (DHR). My portfolio is 17% DHR stock.
I know it's generally not wise to go overboard with company stock, but sort of think that may not apply here. Danaher owns and operates dozens of companies in the environmental, test and measurement, dental, life sciences and diagnostics, and industrial technology sectors, so it's sort of a mini-index fund in itself. It's ranked #149 on the Fortune 500 and, during the past 20 years, the stock has outperformed the S&P 500 Index by nearly 2,800 percent.
Some of my coworkers have upwards of 30% of their portfolio in DHR. These are level-headed types –engineers, accountants, and such. I'm thinking of raising my percentage up to at least 25%. Any thoughts on this?
I know it's generally not wise to go overboard with company stock, but sort of think that may not apply here. Danaher owns and operates dozens of companies in the environmental, test and measurement, dental, life sciences and diagnostics, and industrial technology sectors, so it's sort of a mini-index fund in itself. It's ranked #149 on the Fortune 500 and, during the past 20 years, the stock has outperformed the S&P 500 Index by nearly 2,800 percent.
Some of my coworkers have upwards of 30% of their portfolio in DHR. These are level-headed types –engineers, accountants, and such. I'm thinking of raising my percentage up to at least 25%. Any thoughts on this?