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by agent008t 1871 days ago
Another problem with concentrating in the industry in which one works (and even worse - the company for which one works), is that in the event of a downturn, both your job/career and your investments will be hit at the same time. Just when you need your investments the most, they will be worth less than you expected.
2 comments

That is what happened with Enron. Company went under, peoples 401K were in the company stock, company matching was in the company stock. After that I noticed companies would either not let you put your donation to the 401K be in company stock, but sometimes the matching would be.
Dot Com is one of the biggest examples. Tech is everywhere now and it's less likely but I can definitely see this for crypto because everything is anchored on Bitcoin (and Tether).