Is your entire net worth resting on one ticker?

We can help with that.

Illustration, not a client.

Forward

100

Each square is one company.

The roughly 3,000 companies in the Russell 3000, 1980 to 2020, scaled down to 100 so you can see them.

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Four in ten fall 70% or more from their peak and never recover.

Not a dip. A loss they never make back.

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Two in three underperform the market over their lifetime.

That includes the 44 that collapsed, plus 22 more that lagged.

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Only about a third ever beat the market.

Own the whole grid and you own every one of them.

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One of them is yours.

Source

J.P. Morgan, The Agony and the Ecstasy (2021 edition), Russell 3000 companies, 1980 to 2020: 44% fell 70% or more from their peak and did not recover, 66% trailed the Russell 3000 over their lifetime, 34% beat it. Shown per 100 companies. The 22 that lagged without collapsing is 66 less 44; the two groups overlap but are not identical. 2024 update. J.P. Morgan is not affiliated with Forward and has not endorsed this site. Past results do not predict any stock. Ticker figures above: largest peak-to-trough fall in daily closes, Financial Modeling Prep, computed by Forward.

  • 44fell 70%+ and never recovered
  • 22lagged the market
  • 34beat the market
  • 1is yours

Concentration builds wealth. But diversification keeps it.

Introducing the Forward Personalized Index.

A tax-efficient direct index portfolio that diversifies your concentrated stock.

Free strategy session →
Your position Personalized Index, built around it Harvested loss, offsetting a sale

Tax paid Offset by harvested losses

Hypothetical illustration, not a projection. No tax outcome is guaranteed.

Assumptions and sources

    Getting started is easy

    Bring over your concentrated stock. We handle the rest.

    Account type

    Individual
    Joint
    Trust

    Illustrative, not a client account.

    Select your brokerage

    ImageImageImageMSImageImage

    Illustrative, not a client account.

    Your holdings

    ImageNVDADiversifying4.9%
    ImageAAPL6.1%
    ImageMSFT5.7%
    ImageGOOGL3.4%
    ImageAMZN3.1%
    ImageMETA2.4%

    Illustrative, not a client account.

    Your transition plan

    Gains budget: $16,000 a year

    100%0%$18,000$12,000$6,000$0TodayEnd of plan

    Stock remainingCumulative tax

    Illustrative, not a client account.

    Diversify

    Today

    ImageNVDA22% sold down
    ImageTSLA9% sold down
    Tax losses harvested, year to date$10,012
    Short-term losses$7,012
    Long-term losses$3,000
    Estimated tax offset$4,004

    Illustrative, not a client account.

    1. 01Create your account

      Individual, joint, or trust. Set up in minutes.

    2. 02Transfer stocks

      Shares move in kind, cost basis with them. Nothing is sold to start.

    3. 03Build your Personalized Index

      A broad index without your stock, its sector trimmed, and anything you would rather not own excluded.

    4. 04Project your timeline

      What sells when, and the tax each year.

    5. 05Diversify

      Losses harvested in the index offset gains as we diversify.

    Free strategy session →

    What you get.

    Questions.

    A registered investment adviser that does one thing: gets you out of a concentrated stock over three to five years, inside a personalized index that harvests losses along the way.

    0.89% a year on the assets we manage. Fee-only, no lock-up.

    Anyone with $100,000 or more in a single stock who wants to diversify tax-efficiently.

    No. Nothing is pooled or locked up. The stocks sit in your own account and you can leave whenever you want.

    Yes. A few hundred individual companies, held directly.

    Most people with one big position want the same thing. Get out slowly, and do not pay the whole tax bill in one year. I could not find that without a lock-up, so I built it.

    Dillon FergusonDillon Ferguson, CFP® · Founder
    Free strategy session →