Should You Own a Stock You Wouldn't Buy Today?
It is a simple question. And for most investors holding concentrated stock positions, the honest answer is no.
On this week's Financial Commute, Chris Galeski and Chief Investment Officer Meghan Pinchuk walk through why the answer is almost always taxes, why letting the tax decision drive the investment decision is a risk in itself, and what the after-tax value of a highly appreciated position actually looks like when you do the math.
They also cover the middle path most investors do not consider: trimming gradually, staying in favorable long term capital gains treatment, and using the…
The skinny
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