I work for a company owned by Bell (BCE,
http://finance.yahoo.com/quote/BCE?p=BCE )
We have this company stock program, where I buy 6%'s worth of my annual income in company stock, and they top up with 2% of my annual income.
The way it works is my money (6%) has to be invested for one year for them to put up the 2%. Then that 2% has to stay invested for one year before I can sell without a penalty.
All things considered, the BCE stock is slowly coming to be around 20% of my overall investment portfolio. I'm just wondering if I should be thinking about selling some and reallocating so as to not have all my eggs in the same basket...
My portfolio is a normal Canadian couch potato one, with the company stock sort of like a parallel investment. I'm happy to leave it be because I don't really see Bell going anywhere, and with the 2% top up, I'm basically getting a 33% return if the stock stays the same price and even without counting dividends, which are automatically reinvested.
But like I said, even if right now, I don't have an enormous portfolio, that stock makes up 20% of my stash.
Would you guys leave it as is? Or sell some here and there and reinvest elsewhere? If you would sell, how much, how often, and where would you put it?
Thanks!
J-S