Wes Moss Warns of Portfolio Concentration Risks for Retirees

Financial advisor Wes Moss is warning investors to reassess their portfolio concentration, particularly those nearing retirement. Moss suggests that large holdings in stocks like Apple (AAPL), Alphabet (Google), and Shopify may be increasing risk due to emotional attachment. He recommends treating the portfolio as a cash bucket rather than individual stocks.

Moss advises trimming positions that wouldn't be repurchased at current prices, prioritizing rebalancing within tax-advantaged accounts to avoid capital gains taxes. This approach helps manage risk from volatility and sequence risk, particularly for highly volatile stocks like Shopify.