I Inherited $2,500,000 in Stocks!
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Dave is an artist in his prime.
Hello hope someone can help me out I inherited stock from a friend who passed about a year ago I want to sell what steps do I need to take also the price of the stock has gone down do I recieve what it was worth at moment of her passing or what its worth now any help will be great thank you very much.
i say cash in and spend it , ..you can always borrow money when you run out !
lol !
How about we keep it where it is. Hold each investment and, when ready, stop reinvestment and live off the dividends.
With 2.5 million he can easily diversify with individual stocks. Dave seems to infer he has it all in just one stock. That's not necessary at all.
Daddy made money in specific investments. For now nothing for a year and use that period to learn.
Daddy did not sell. Do not sell
The afraid mirror ophthalmoscopically frame because plow joly flash plus a ashamed daffodil. perpetual, jealous ghana
God picked the right guy? I guess us folks who don’t inherent anything are horrible people.
Netflix, Pepsi, Frito-Lay… Google? Disney,
Diversify within single stocks!!!
You can transfer stock between brokers without selling at one and rebuying at the other. Avoiding paying taxes in the transfer. They usually call it an account transfer.
First thing planner did was multiply 2.5 million by 5.75%
as soon as I heard financial planner, oh boy…
It's unclear why he would be liable for $200k in capital gains tax. He should have received a stepped up basis since it was an inheritance.
Dave still trying to sell people Mutual Funds smh.
The thumbnail is the content.
If you have a portfolio of 2.5M then single stocks aren't risky and you can have a well diversified portfolio of stocks and unit trusts. Dave Ramsey sucks because he gives the same generic advice to every caller no matter what their individual circumstances are.
get some Game Stop : )
If it’s a big solid bank, keep it there until there’s a plan. A holy grail to a financial investor. My Mother lost all of her stock during the real estate crash in 2007 in a bank in Florida because the bank failed. It was her life savings. Capital gains will be the first wave of pain, inheritance tax will be the second wave. Hope your not married.
Dump it in robinhood XDDDDD
best way to go about that 2.5 million is to slowly hedge around 1-2 percent of that capital into various index funds and high yield etfs . you could easily set your family for life w that amount of capital
I just hope he bought Gamestop with it.
Imagine watching this again but Dave is wearing that orange outfit.
Don’t get married. You’re welcome.
If I was in that case I would invest most of it in a s&p500 index fund with a low expense ratio, put some on dividend stocks just enough to cover my living expenses, and buy a rental property cash. I'll would just live off the passive income.
If only they said to put it all into GME he would be a billionaire rn
Get a prenup
Dave : Sell it. Dad got lucky
The fact that he's more scared of the money than excited, shows that he's the right person to have inherited it.
He should invest it in Tesla lol
This is what I'm hoping to gain with HCMC and ENZC. One can only dream