Above all, this is the elephant in the room.His Taxable
39.79% AMZN $1.65M
37.09% MSFT $1.53M
1. Tech concentration - Given large portion of our portfolio is concentrated in AMZN and MSFT stock, I'm looking for advice on diversifying while minimizing tax payout.
You need to balance the thought of a major loss (think of the dot-com bubble crash in 2000) coupled with losing your FAANG jobs and paying taxes to extricate yourself from that risk. Noboby knows if the worst case scenario will be realized for you, but it's certainly a possibility.
At a minimum, turn off dividend reinvestment and sell future shares you will receive immediately at vesting (I assume these are RSUs you've received...).
Read this to learn about short-term vs long-term capital gains tax rates and income levels triggering different rates: https://www.nerdwallet.com/article/taxe ... -rate-2024
If you don't sell in a somewhat rapid fashion and pay the tax, you will continue to expose yourself to a dot-com like event. Are you feeling lucky?
Statistics: Posted by dogagility — Fri Nov 15, 2024 6:30 am — Replies 4 — Views 500