Risk
Concentration and what it would cost to get out. Across 17 stock, fund, retirement and crypto positions worth $1,127,281.
Concentrated positions
Every position above 5% of net worth ($2,414,326), combined across accounts.
| Position | Held in | Value | Of net worth |
|---|---|---|---|
| VTI · Vanguard Total Stock Market ETF | 2 accounts · $67,777 in retirement | $358,205 | 14.8% |
| NVDA · NVIDIA Corp. | 1 account | $123,669 | 5.1% |
Covers securities and crypto; property is in Holdings by class. $415,354 in 1 retirement account with no holdings detail isn't looked through; a statement opens them.
If it falls
What a drop in each position would do to net worth, alone and with the two largest falling together.
| If this falls 30% | Net worth change | Net worth after | Its share after |
|---|---|---|---|
| VTI · Vanguard Total Stock Market ETF | ↘ −$107,462 | $2,306,864 | 10.9% |
| NVDA · NVIDIA Corp. | ↘ −$37,101 | $2,377,225 | 3.6% |
| VTI and NVDA together | ↘ −$144,562 | $2,269,764 | 14.9% |
Getting out of a slice
Choose a position and how much of it. The cost of selling, then the same slice handled four ways.
Selling
$89,551
25% of the position
Gain realized
+$15,432
on the part with a basis
Estimated tax
$4,561
long 28.8% · short 45.8%
Net proceeds
$84,990
position goes from 14.8% to 11.1% of net worth
- $72,607 from Fidelity Brokerage ...4417: your tax lots (39 lots, 27 long-term)
- $16,944 from Roth IRA: retirement account: no tax on a sale
Sell
- Cash now
- $84,990
- Tax now
- $4,561
The estimate above.
Give to charity or a donor-advised fund
- Cash now
- $0
- Tax avoided
- $4,561
- Deduction worth
- $37,612
Deduction at 42.0% of the gift's value; limits by income and itemizing apply.
Borrow against it
- Cash now
- $89,551
- Interest a year
- $5,821
- Tax deferred
- $4,561
At 6.50%, lending up to 50% of the position. Concentration doesn't fall.
Exchange fund
- Cash now
- $0
- Tax deferred
- $4,561
- Fees over 7 yrs
- $4,701
Swaps the slice for a diversified pool; 7-year lock-up, 0.75% a year in fees.
Assumptions (edit to see the effect; not saved)
Estimates from your assumptions, for comparing the four on the same footing. Not a recommendation to sell, give, borrow or exchange.