But, should you?
Thousands of employees of Silicon Valley Bank, Signature Bank, and Credit Suisse have discovered the hard way that the stock they receive from their employer can become worthless overnight — just asRank-and-file employees are being subtly encouraged to borrow money against their vested stock, instead of selling it — a move that in general should be taken only by the extremely rich, operating on very bespoke financial advice.
There's a conventional Better.com mortgage, secured against the property, for 80% of the value of the home. The other 20% comes by borrowing against the shareholding, at a higher interest rate. The down payment loan is overcollateralized: The employee needs stock worth twice as much as the down payment.That's mostly attractive for people who literally plan to hold the stock until they die, in the hope that their heirs can then take advantage of theBroadly speaking, it's a good idea for employees to sell vested stock in their employer, since they're already massively exposed to the risk of that company doing badly just by dint of working for them.
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