The Ascent with Crestmont Private Wealth - Concentrated Stock Positions 8-22-26

Sam McGee of Crestmont Private Wealth discusses the dangers of holding concentrated stock positions, drawing an analogy between driving a car (control bias) and holding onto a single stock despite market risk. He cites collapsed companies (Enron, Lehman Brothers, WorldCom, etc.), explains how a small number of mega-cap stocks drive S&P 500 performance, and shares his own personal experience losing money on Washington Mutual stock. He closes with a call to action: diversify, get tax-sensitive planning, and reach out to Crestmont Private Wealth for a confidential consultation.   0:00     Intro: Concentrated stock positions 0:11     Why this topic matters to Sam 1:35     Control bias explained (driving analogy) 3:49     Stock market as a "super highway" 6:41     Back to concentrated positions: career stories 8:53     Golden handcuffs near retirement 10:57  Sam's own Washington Mutual mistake 12:05  Advice: diversify and get a plan 12:42  Closing / call to action Original Air Date: August 22, 2026 at 8:30am as heard on Boerne Radio 103.9FM Contact:  www.crestmontpw.com  Alec Walker in Houston:  831-280-5288  Sam McGee in Boerne: 830-368-2898See omnystudio.com/listener for privacy information.