Quote:
Originally Posted by captainofiron
I was looking through the options on his account (its through Fidelity) and on his 401k, its on a target date fund, and an assortment of target date funds and some bonds are the only options as far as the 401k
But I was talking more along the lines of the unrestricted stock he owns in Halliburton.
my only hesitation is because he is planning to retire in 2025, and I dont know if ~10 years is long enough to even out with stocks versus putting it back in his mutual fund
PLUS I know he will not actively look after it, which is why my thought turns to mutual funds even though I know they arent ideal
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As a former employee of Halliburton, I'm setup the same way. I don't have a crystal ball but I would think ten years is plenty for the market to go down and come back up. Oil is cyclical just look at the charts before 2010. If he was buying stock through the down time, he's sitting pretty with fantastic gains just like I am. I would pay attention of course but I wouldn't move the HAL stock just yet. It's what I am doing with mine. I'm no where near retirement age though. If he or you are wanting something more steady with better dividend payments, then there are plenty of options for you. I have no idea on the tax implications of selling the stock. I believe it simply follows the one year and a day rule even though it was bought through the ESPP.