FYI: The perennial question about company stock in 401(k) and other retirement plans is timely again. On June 15 and 16, shares in Kroger, the Cincinnati-based supermarket holding company, fell more than 26%, largely on the news that Amazon.com Inc. would expand in the grocery business by acquiring Whole Foods Market. With Kroger’s biggest retirement plans holding just under 28% of their assets in the company’s shares, employees lost about 7% of that collective nest egg in two days. It still hasn’t recovered.
Regards,
Ted
http://jasonzweig.com/how-much-of-your-companys-stock-is-too-much/
