Suddenly Find Myself Cash Flush

Over the past couple weeks, I have found myself with a rare occurance these days - a slew of cash and no immediate plans for it. Our portfolio has been overweight in my employer's stock through vested employee stock options and earlier participation in an employee stock purchase plan. While I have a preference to reduce our holdings in my employer (as I hae enough vested interest in them with my career alone), the stock has just appeared too undervalued to me and I have been waiting for a richer valuation before "right-sizing" our holdings.

IBM's stock had begun to hit new highs in the past several weeks. As a result we first executed 300 options @ a $134 sales price. Then last week before earning we sold 50 shares from our ESPP at $140.97. As a result we suddenly find us with $14,000+ in cash to deploy or hold. Not a bad problem to have these days. We'll likely use this cash in our priority areas - reducing our debt level to boost cash flow, redistribute some to index ETF holdings, and some to fatten our emergency fund. Still need to figure out how much where and when though.

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Comments (5)


Good work 2million. Your financial goals are getting closer every day. Your fans already have the banner waiting at the finish line, only it doesn't say 2 million, it says 8 million! hahahaah

nice!

I believe there will be major pullback soon. Use your cash to re-purchase IBM

j, 2million is a long-term investor. He doesn't worry about minor short-term blips in the market, with IBM or with anyone else!

I feel your pain 2 million. I am sitting on 5 figure amount like you and can't seem to find an investment that motivates me to buy it. And, you are right, not a bad problem to have at all.

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,574,185

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