Any stock savvy posters?

[Kettle]

In short, I recently was gifted some shares by my employer.  These contribute to my annual gross income.  I've heard the market will fall depending on the government shutdown.  Is it wise to sell, or should I hold on?

[Seal (SmittyIsOurSavior)]

They pay you through stocks? Or is it some sort of bonus or something?

[Kettle]

bonus.

[Jase]

hedge your bet and sell half?

 

if it goes lower, buy some back at a lower price

if it goes higher, keep your dough.

[Kettle]

I sold 1/3 already for purposes of home improvement.  I was considering selling the rest to avoid a loss.

[Mother Grabber]

when your company gives you RSUs, which I'm assuming this is, they pay the taxes at the time of the disbursement. people usually just sell them right away. might as well cash them in on the same tax year as your pay out for easier record keeping.

ESPP is different, though, as you don't pay taxes when you receive or sell the shares. you pay taxes on those dependent on how long you held them before cashing in. usually best to hold onto those for at least a couple of years.

if the company is doing well, is solid and you don't need the money, holding them will be good in the long run (10+ years). but even a company like apple goes up and down year in and year out. if you're not planning to hold them for retirement, then just cash in now. look at Microsoft, for example. they seemed like a sure money maker for a couple of decades, now they are a money incinerator.

[thefuzz]

Maybe roll them to another investment so you don't pay taxes on them.

 

Power companies with good dividends will not make you rich, but normally are pretty safe.  Also could invest in some well run mutual funds.

[Happy Panther]

In short, I recently was gifted some shares by my employer.  These contribute to my annual gross income.  I've heard the market will fall depending on the government shutdown.  Is it wise to sell, or should I hold on?

 

I would treat them like any other investment. How does it fit into your current portfolio? Is it large enough that you are not diversified? What is the long-term outlook for your company? What does it do to your taxes? Do you want long term results or are you looking to turn it into cash as soon as possible? Does it pay a dividend?

 

Also do you need to sell to cover the tax impact?

 

The government shutdown is a short-term trend. For holding stocks I would want to know what the long-term outlook is (which i have no clue)?

 

Anyway I inherited a few physical shares of a stock around 5 years ago and I stuffed them in my safe

[pstall]

Buy on bad news (which is the shutdown news) and sell on good.

You need to know the rules of your stocks. Each company could have certsin specfics. But you have sold already.

Also you said they gifted them to you? Family biz?

Check with CPA type to make sure you don't miss anything tax or cost basis related.

[PanthaSan]

Cash out and send me the dinero.

 

I gots mouths to feed.....

[Mother Grabber]

my eBays stocks mature at the end of the month.  I'll send you a check.

[Mr. Scot]

I know a guy who owns a monkey :unsure: