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Michael Becker Breaks Down Company Stock Purchase Plans in Yahoo Finance Feature

When Elon Musk encouraged SpaceX and Tesla employees to invest in their companies during liquidity events, his advice sparked debate. While he didn’t suggest putting all their savings in, many questioned how wise this strategy really is.

In a recent GOBankingRates article, later picked up on Yahoo Finance, titled “Elon Musk Gave His Employees This Unorthodox Wealth-Building Advice — Do Experts Agree?” Michael Becker, CFA, CFP®, and partner at Toberman Becker Wealth, shared his expert take.

“Investing in the company you work for can absolutely be a powerful wealth-building strategy,” Becker said, highlighting the advantages of discounted stock purchase plans and stock options."

However, he emphasized the importance of diversification to mitigate risk:

“I’d caution against putting too many financial eggs in one basket.”

Becker recommends contributing to employer stock programs just enough to maximize benefits, such as discounts or matches, and then shifting excess investments into a diversified portfolio. This balanced strategy helps capture opportunity without putting long-term financial health at risk.

Bottom Line

Michael Becker supports investing in employer stock, within limits. Use available incentives, but don’t rely solely on one company for your financial future. Diversification remains key.

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Disclosure: Any mention of a particular security and related performance data is not a recommendation to buy or sell. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Nothing on this website should be considered as personalized financial advice or a solicitation to buy or sell any securities.

Michael is a highly knowledgeable and experienced partner at Toberman Becker Wealth in St. Louis. With his expertise in investment management, behavioral finance, and retirement planning, Michael is dedicated to providing his clients with the best financial guidance possible.

Having worked with clients on complex estate planning and developing investment strategies for a team of advisors, Michael’s experience spans across various areas of financial planning. What truly sets him apart is his unyielding desire to acquire knowledge for the betterment of his clients. At Toberman Becker Wealth, this commitment to continuous learning is the foundation upon which exceptional client experiences are built.

Michael earned a Bachelor of Science degree in Finance and Banking from the University of Missouri – Columbia. Additionally, he holds designations as a Chartered Financial Analyst (CFA) charterholder and Certified Financial Planner (CFP).

Beyond his professional achievements, Michael enjoys a fulfilling personal life in St. Louis. Living with his wife, Lindsey, and their beloved dog, Birk, he finds joy in activities such as golfing together and exploring local restaurants.