Episodes
For families with significant wealth, the question shifts from “Will I have enough?” to “How do I steward this well?”
Over years of working with affluent families, we’ve seen recurring concerns: How much should we give our children without harming their motivation or well-being? How do we live with purpose? How can we protect family unity from the challenges wealth can bring? And how do we balance enjoying our resources with giving?
Join Stephen Nelson, CFA®, CFP® and Matt Higbie, CFA®, CFP®, TPCP® as they share insights on investing, tax planning, and raising grounded, capable children. This isn’t generic advice—it’s clarity for those with more at stake.
Holding a winning stock can build tremendous wealth, but when one company becomes too much of your portfolio, it can also create significant risk.
In this episode, we break down concentrated stock positions, why investors become emotionally attached to their biggest winners, and what the historical data says about the risks of owning too much of a single company.
We discuss diversification, behavioral biases, RSUs and inherited stock, and why even great companies don’t stay great forever. If a single stock represents a meaningful portion of your wealth, this episode will help you think more clearly about the tradeoff between future upside and protecting what you’ve already built.
Next episode: How we actually manage concentrated stock positions and which popular strategies we typically avoid.
If you feel like you should be getting more value than the AUM fee you’re currently paying at your brokerage firm, visit https://engagewithbirchwood.com
