Cambridge Associates Asia Singapore: Holding Concentrated Stock

How can I mitigate the risk of a concentrated holding?

Diversifying your stock may be the right thing to do, but it can be difficult to give up the position that represents the source of your family’s success. Families hold onto their stock for other reasons too: to protect against capital gains taxes or retain a control position in their company.

Every situation is different. But you have to consider both the personal and financial ramifications of holding a concentrated position. Our Research Report, Concentrated Stock Portfolios, indicates that single stocks are, on average, 40% more volatile than a diversified portfolio. In fact, 92% of the S&P 500 constituents experienced a higher volatility than the S&P 500 Index itself in the annualized ten-year period ending June 30, 2013, according to the report. And while the equity market eventually recovers from adversity, not all individual companies do.

What does this mean for you? That depends on many things. What is your risk tolerance? Is it better to pay capital gains taxes today? What will the trade-off be of remaining concentrated? Which strategy will help you sleep comfortably?

We’ve worked with private families for more than thirty years. Our specialty is figuring out the best options for your family now and for future generations.

Pugh Heating & Air Conditioning: Why clean air ducts?

Cleaning both the HVAC unit and the ductwork has beneficial effects to your home. Duct cleaning is a method to clean the intake, return and supply ducts of your home and professionals from Pugh Heating & Air Conditioning use specialized vacuums, blowers, and brushes during the process. It includes a thorough cleaning of the HVAC system's registers, grilles, motors, fans, housings, coils and air handler.

Duct cleaning can be helpful in case of contamination in the HVAC unit and the ducts. Reviews made by Pugh Heating & Air Conditioning state that animals, contaminants, illness, mold, and renovations are some factors for duct cleaning.

Dirty ductwork might be the cause of renovation or remodeling to your home, especially if the ducts are not sealed off. Duct cleaning is needed if there was asbestos abatement, large dust, or lead paint removal. This method is also required if there was animal infestation or nesting inside your ducts. Remove first the animals then clean both the ductwork and the HVAC unit.

Mold growth is another problem that needs duct cleaning because ducts can release contaminants, debris, odors, or pet hair into your home after the registers have been vacuumed or cleaned. If you're suffering from an allergy-related illness, it would be better to consider duct cleaning as well as cleaning your HVAC unit to have a cleaner indoor air.

You should avoid fraud services online when looking for good HVAC companies on the internet, and once you found the company that is to your liking, make sure that you: check certifications and standards, check references, get free estimates, get full-service cleaning, verify results of the cleaning, avoid sprays and sealants, avoid steam cleaning and avoid any gimmicks. Good thing, the team at Pugh Heating & Air Conditioning provides service protection to their customers. Contact them for more details on alternative heating systems such as boilers, hot boilers and water heaters, and other information on their HVAC services.