Rebalancing My 401(k)

Seeing what has happened in the last few months, whereby companies that have been in existence for decades have gone bust, I sold off the last remaining company match shares in my 401(k). As of September last year, my company match shares stood at 33% of my total 401(k) holdings.

I sold almost two-thirds of it, to bring my matching shares down to 10% of my holdings. As of two weeks ago, the company match had risen to 12% and that is when I decided to sell the remainder.

I took advantage of the current bull market to sell the appreciated shares. With the proceeds, I invested the money in emerging market funds as I still have my doubts regarding the American economy vis-a-vis the world economy.

Unfortunately, I still have some exposure to my company stocks. I have another retirement account with them, outside the U.S. that is 100% company stocks. Owing to the complexities, I have still not figured what to do with the stocks I am not allowed to sell all of it and I may incur some taxes and/or penalty.