There are a ton of companies today that offer stock in the company as part of their employee 401 K plans. Owning stock in the company you work for can be an extremely risky deal and can leave you with devastating losses. The reason this is such a bad idea is that if your company collapses and goes out of business you’ve lost everything. You’ve lost your primary source of income as well as losing all your retirement and cash you invested in stock. If you do own stock in your company it should be no more than 10% of your portfolio.
January 30, 2009
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