Sam McGee of Crestmont Private Wealth discusses the dangers of holding concentrated stock positions, drawing an analogy between driving a car (control bias) and holding onto a single stock despite market risk. He cites collapsed companies (Enron, Lehman Brothers, WorldCom, etc.), explains how a small number of mega-cap stocks drive S&P 500 performance, and shares his own personal experience losing money on Washington Mutual stock. He closes with a call to action: diversify, get tax-sensitive planning, and reach out to Crestmont Private Wealth for a confidential consultation.

 

0:00     Intro: Concentrated stock positions

0:11     Why this topic matters to Sam

1:35     Control bias explained (driving analogy)

3:49     Stock market as a "super highway"

6:41     Back to concentrated positions: career stories

8:53     Golden handcuffs near retirement

10:57  Sam's own Washington Mutual mistake

12:05  Advice: diversify and get a plan

12:42  Closing / call to action

Original Air Date: August 22, 2026 at 8:30am as heard on Boerne Radio 103.9FM

Contact:  www.crestmontpw.com 

Alec Walker in Houston:  831-280-5288 

Sam McGee in Boerne: 830-368-2898

Sam McGee of Crestmont Private Wealth discusses the dangers of holding concentrated stock positions, drawing an analogy between driving a car (control bias) and holding onto a single stock despite market risk. He cites collapsed companies (Enron, Lehman Brothers, WorldCom, etc.), explains how a small number of mega-cap stocks drive S&amp;P 500 performance, and shares his own personal experience losing money on Washington Mutual stock. He closes with a call to action: diversify, get tax-sensitive planning, and reach out to Crestmont Private Wealth for a confidential consultation.
&nbsp;
0:00&nbsp;&nbsp;&nbsp;&nbsp; Intro: Concentrated stock positions
0:11&nbsp;&nbsp;&nbsp;&nbsp; Why this topic matters to Sam
1:35&nbsp;&nbsp;&nbsp;&nbsp; Control bias explained (driving analogy)
3:49&nbsp;&nbsp;&nbsp;&nbsp; Stock market as a "super highway"
6:41&nbsp;&nbsp;&nbsp;&nbsp; Back to concentrated positions: career stories
8:53&nbsp;&nbsp;&nbsp;&nbsp; Golden handcuffs near retirement
10:57&nbsp; Sam's own Washington Mutual mistake
12:05&nbsp; Advice: diversify and get a plan
12:42&nbsp; Closing / call to action
Original Air Date: August 22, 2026 at 8:30am as heard on Boerne Radio 103.9FM
Contact:&nbsp; <a href="https://www.crestmontpw.com">www.crestmontpw.com</a>&nbsp;
Alec Walker in Houston:&nbsp; 831-280-5288&nbsp;
Sam McGee in Boerne: 830-368-2898

Host:  Sam McGee, MBA, CFA

Founder/Owner of Crestmont Private Wealth.
604 S. Main St. Boerne TX 78006
(830) 368-2898
www.crestmontpw.com

Host:  Sam McGee, MBA, CFA
Founder/Owner of Crestmont Private Wealth.
<ul>
<li><a href="https://www.google.com/maps?q=604%20S.%20Main%20St.,%20Boerne,%20TX,%2078006">604 S. Main St. Boerne TX 78006</a></li>
<li><a href="tel:8303682898">(830) 368-2898</a></li>
<li><a href="http://crestmontpw.com/">www.crestmontpw.com</a></li>
</ul>

The Ascent With Crestmont Private Wealth

The Ascent with Crestmont Private Wealth 

Host: Sam McGee

Houston Office: I Riverway, Suite 470 Houston, Texas 77056

(832) 280-5288

Boerne Office: 604 South Main Boerne, Texas 78006

Office (830) 368-2898

About Sam McGee

CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER

Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.

Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.

Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.

When asked what is most important to him, he said “Faith, Family, Community, & Friendships”

The Ascent with Crestmont Private Wealth 
Host: Sam McGee
Houston Office: I Riverway, Suite 470 Houston, Texas 77056
(832) 280-5288
Boerne Office: 604 South Main Boerne, Texas 78006
Office (830) 368-2898
About Sam McGee
CHIEF EXECUTIVE OFFICER &amp; CHIEF INVESTMENT OFFICER
Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.
Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.
Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.
When asked what is most important to him, he said “Faith, Family, Community, &amp; Friendships”