quadog,quadog wrote: ↑Wed Jan 12, 2022 12:10 amNot to pile on, but I don’t get this argument. I mean if you say “My plan says to never hold more than X% in this individual stock” and stick to it, then what’s the problem? I guess if the individual is prone to avarice it could be. But then they’d have problems in other areas of their life anyway.KlangFool wrote: ↑Tue Jan 11, 2022 10:42 pmshess,shess wrote: ↑Tue Jan 11, 2022 10:37 pmI'm not really sure where you're going with this line of argument. We are all humans! Humans make mistakes! Mistakes are possible!KlangFool wrote: ↑Tue Jan 11, 2022 10:17 pm We are only human being. There will be a point when the amount of money is big enough that we can no longer make rational decision. If this could happen to finance professionals that managed billions as their day job, why do you think that it is not possible for people like us?
I do not understand your point. If OP participate in ESPP and OP receives RSU, OP's ownership of AAPL would increase by default. And, it is a slippery slope. The longer that OP hold off in selling the AAPL, the amount of AAPL would grow bigger and it becomes harder to sell.
The inertia is to do nothing. This is how many folks within Telecom companies and Enron ended up too much of their net worth in their employer stock.
A) OP owns substantial amount of AAPL stocks through RSU.
B) OP decides that he/she want even more exposure to AAPL stock via ESPP and buy 25K worth of AAPL stock every year.
C) OP decides to hold the AAPL stock via ESPP as opposed to selling.
D) OP claimed that he/she would sell the stock from RSU.
Do you believe that OP would stick to the plan of not holding more than X% of AAPL stock?
I wish OP the best of luck!