To me, the best idea is to invest in areas that are less correlated with your own field.
For example, a good friend of mine works at a mutual fund as an analyst covering banks. For him, his job is already highly levered to the performance of equity markets.
Rather than invest in more stocks for his personal account, he's been looking at places where he can diversify and earn a decent return. For example, he's been investing in rental properties. Another friend works as an oil & gas ibanker, his investments are mostly concentrated in commercial real estate deals.
I have a similar feeling on big corporate employee stock purchase plans. You should always sell the shares as soon as they vest (if you have the discounted purchase price most of these do) as you will likely see a stock dive around teh same time you lose your job.
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To me, the best idea is to invest in areas that are less correlated with your own field.
For example, a good friend of mine works at a mutual fund as an analyst covering banks. For him, his job is already highly levered to the performance of equity markets.
Rather than invest in more stocks for his personal account, he's been looking at places where he can diversify and earn a decent return. For example, he's been investing in rental properties. Another friend works as an oil & gas ibanker, his investments are mostly concentrated in commercial real estate deals.
I have a similar feeling on big corporate employee stock purchase plans. You should always sell the shares as soon as they vest (if you have the discounted purchase price most of these do) as you will likely see a stock dive around teh same time you lose your job.