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Hi my name is vegan Golkar certified financial planner with FPC investment advisory welcome to our very first video blog post the topic for today's video will be about restricted stock units more commonly known as RS use chances are if you live in Silicon Valley or know anybody working in the tech industry you've heard of RS use the goal of its video blog is to clear some of the many misconceptions that surround these particular stock options with an animated story of Timmy who works at a popular tech firm in Palo Alto California let's go meet Timmy Timmy is sitting down with his boss and learns that he has been granted 160 shares in the form of RS use as part of his employee compensation package in most circumstances when you are granted shares they will have a vesting schedule meaning you cannot actually sell the shares right away until the shares vest in this case Timmy will have to work for one year before he can actually reap the rewards of his rsu's job well done Timmy he worked hard and stayed with the company for one year and all of his RS she is have vested when the shares vest it means he can actually choose what he does with the shares keep them sell them or any combination of those two this is where the biggest misconception of restricted stock units comes to play on the very day your rsu's vest there is an automatic sale of shares to pay your taxes these can include federal state and payroll taxes you see Timmy paid ordinary income taxes on the shares without him even necessarily knowing it this happens whether he made a decision to sell them or not Timmy can hold on to the shares hoping that the stock price goes up but if the stock price goes down he just paid taxes on the original higher value the cost of the stock going down can and has had drastic consequences for a numerous number of people essentially when your wealth is all in the form of your employers company stock you're not just putting all your eggs in one basket you're living in that basket - another option timmy has is to immediately sell all of his RS shoes and cash them in remember timmy has already paid the tax on these shares so it would not cause a major taxable event if the shares are sold the same day as vesting normally you actually take a slight loss due to the trading fee he could then use the cash to buy a Tesla however the prudent and wise decision would be for Timmy to sell the shares at vesting and invest them in a tax friendly diversified portfolio to equal his personal risk comfort level in time Timmy's wealth will grow and maybe he can buy two Tesla's but more importantly Timmy will have more control of his destiny and financial