Short time lurker, first time poster
A majority of my holdings (stock options and employee purchase) are in a company that I'm currently work for and I want to diversify my portfolio a bit by selling some of the shares and buy other stocks. However, I'm wondering if it's really worthed. For instance, if I was to sell $1000 of my company's stock, I would get hit with a 15% (I have them for 1+ year) capital gain tax + $20 trading fee. Add that to the $20 charge to buy the new shares, we're talking about $190 to diversify. I don't want to put all my eggs in one basket, but that seems to be a steep price to pay.
I'm a newbie to investing, so I wonder if the people here have a different opinions on this?
Thanks
A majority of my holdings (stock options and employee purchase) are in a company that I'm currently work for and I want to diversify my portfolio a bit by selling some of the shares and buy other stocks. However, I'm wondering if it's really worthed. For instance, if I was to sell $1000 of my company's stock, I would get hit with a 15% (I have them for 1+ year) capital gain tax + $20 trading fee. Add that to the $20 charge to buy the new shares, we're talking about $190 to diversify. I don't want to put all my eggs in one basket, but that seems to be a steep price to pay.
I'm a newbie to investing, so I wonder if the people here have a different opinions on this?
Thanks