I have a significant % of my net worth in 4 individual stocks.
2000 shares of RDDT at $172 cost
3000 shares of AFRM at $40 cost
600 shares of RKLB at $90 cost
100 shares of GOOG at $375 cost
I am aware the risk of holding so much worth in individual stocks.
I also have $200k in VTI, a separate 401k (20% contribution each pay) IRA, and cash savings that I am disciplined about not touching…so not seeking advice on de-risking or general warnings. I am investing long and believe in all 4 of these over the next 10+ years.
That said - I am feeling stuck.
I worked for AFRM pre-IPO and vested over 10,000 shares while there. I used a lot of these shares to buy what I own today in RDDT, RKLB, and GOOG more recently.
Down to 3000 AFRM - I feel almost too attached to the company and fear selling more just to see the company I gave years of my life shoot up into the $100, $200+ range in the coming years. I still believe this will happen - it’s not a blind belief; I saw how the company operates for a long time.
At one point AFRM fell so low into the $10-20 range; I sold 1000s of shares then, and still think about how much I left on the table in doing that.
But then I ask myself - is AFRM really going to outgrow RDDT? RKLB? GOOG? in the next 10 years?
My brain tells me sell the rest of my AFRM and move the profits into GOOG, RKLB, and a lump VTI.
AFRM - fintech, BNPL - versus Space, versus the social app I’m addicted to, versus GOOG.
But I also know AFRM has bigger goals of being a payments network, has hired a banking product team, and other things I am not so sure the public has priced in.
I guess TLDR - how do you move past personal attachment to a company you worked for; and the fear of selling before it grows to where you thought it would? I don’t want to expand beyond these 4 stocks + VTI…but I think I want to own more GOOG, RDDT, and RKLB.
Just hate the idea of selling all my AFRM shares I worked so hard to receive.