Several years ago, I was given a substantial amount of stock by the company I work for. The company is in the process of being bought out by a group of investors, and I was given the option of either selling my shares now, or keeping them. I'm afraid that if I sell them, and the company continues to do well, I will lose out in the long run. But I also feel that if I don't sell, I may be "blacklisted" by these new investors.
My boss didn't tell me outright (because he is not allowed to, by law), but he "suggested" that it would "probably" be in my best interest to sell. What should I do?
2007-01-31 02:43:09 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
There are different tax consequences or considerations for: stock as part of wages; stocks sold less than one year from acquisition; stocks sold longer than one year from acquisition; stocks that are included in some "qualified" retirement savings plan.
Any "blacklisting" criteria such as you briefly mention sounds supiciously like blackmailing--which is illegal. If your boss can't or won't say because of some law, then you obviously need to talk to a lawyer.
Normally, the times to sell awarded stock are: when you want to, when the company is losing value; and you have something better to put your money into. I smell a rat. Maybe you need to start asking questions to legal experts or law authorities. To borrow from Shakespeare, there's something rotten in [wherever you are].
2007-01-31 02:55:45 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
It depends on you. Would you invest in that company normally, or voluntarily? What do you know about them, financially? Treat it like any other stock, if you like them , invest in them, otherwise dump it.
2007-01-31 02:56:35 · answer #2 · answered by Life after 45 6 · 0⤊ 0⤋
sell half.
2007-01-31 02:50:48 · answer #3 · answered by .G. 7 · 0⤊ 0⤋