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Another problem with concentrating in the industry in which one works (and even worse - the company for which one works), is that in the event of a downturn, bo
by agent008t 5y ago
Another problem with concentrating in the industry in which one works (and even worse - the company for which one works), is that in the event of a downturn, both your job/career and your investments will be hit at the same time. Just when you need your investments the most, they will be worth less than you expected.
- sloaken 5y agoThat is what happened with Enron. Company went under, peoples 401K were in the company stock, company matching was in the company stock. After that I noticed companies would either not let you put your donation to the 401K be in company stock, but sometimes the matching would be.
- muzani 5y agoDot Com is one of the biggest examples. Tech is everywhere now and it's less likely but I can definitely see this for crypto because everything is anchored on Bitcoin (and Tether).