Chapter 1 of 5
The Vest Day Problem
Andy's first RSU tranche vests: 1,200 shares at $42/share. He sells immediately for $50,400. His coworker holds. Six months later, the stock is at $61. Andy is furious — but was his coworker right?
Key Insight
Immediate diversification eliminates concentration risk. Holding for LTCG requires 12+ months and accepts single-stock volatility.
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