Did he only become rich after the IPO? Been poor for too long a time.
It’s better to build up gradually. But this guy is frugal, so he should be fine. we don’t have a dotbomb coming, whatever he does, he should be fine. The fact that he is worrying about money shows that he will be fine and his wealth will grow to higher ground.
Actually, he mentions spouse, not wife and by calling his spouse “them”, maybe his spouse is a he. I agree, this guy is chicken . Seems like he will have an anxiety breakdown soon… He’d probably be happier if he donated 1/2 away.
Sounds like there’s anxiety about waiting to sell for a lower tax bill vs. locking in the gains now. That’s what put options are for. The put options would be cheaper than the taxes.
Totally get how the poster feels in a way, and at the same time, I wish I had that problem, but waiting a year to not pay taxes absolutely makes sense, and at the same time, he/she could lose $2M if the stock price falls. The poster has every reason to be nervous.