Company Stock Ownership: The Risks Outweigh the Rewards
Don't let your company's stock weigh down your retirement plan, warns contributor Mark Miller.
The story never seems to go away: Workers and retirees with large concentrations of their own employers' stock in retirement portfolios get hammered when share prices plunge.
The most recent example is the share price collapse of General Electric (GE), which has sparked media coverage of the damage to employees holding the stock. You might wonder--will we ever learn our lesson on the need for diversification in retirement portfolios?
Mark Miller does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.