I Inherited $2,500,000 in Stocks!

[@takingbackprofits1280]

The fact that he's more scared of the money than excited, shows that he's the right person to have inherited it.

[@brainphelps1994]

i don't know about that because if i were him i would be SUPER pumped! And i'd like to inherit that kind of money too.

[@davidmmm8]

⁠@@brainphelps1994Not too many people would NOT be excited.

[@politcallycorrect5816]

not really, yes it doesn't sound like he will squander it, but he should know how to handle it. Surprised his dad didnt have a plan with him

[@davidlindsay6450]

The fact that he is more concerned about doing the right thing with the money rather than just thinking of all the things he can buy with it shows he will be fine. He might make some mistakes with how to manage it, but he has the right idea in mind. If he says focused and intentional he can do great things with this money.

[@elvinowe]

well said.

[@spconrad9612]

Yep, he will be just fine.

[@chrisrawls8328]

I agree 👍

[@DrJaredNelson]

"If you weren't uncertain, you would be arrogant." Golden line right there!

[@moneybee]

Even with a modest 6% gain, that's 150K in interest the first year. If he's responsible ( and doesn't leave Dallas for somewhere crazy expensive), he's hit his financial independence!

[@jvm-tv]

He's already making 150k. He doesn't sound like an idiot. He's set.

[@artstrutzenberg7197]

@@jvm-tv was about to say just that...he sounded like he had the wisdom to realize "I'm out of my depth ATM, and further, I don't know who to turn to or to trust"....this honestly tells me he's probably going to be ok....

[@aolvaar8792]

@@jvm-tv Making money doesn't make you smart. When I was overseas, I knew 20 year olds clearing $200K/yr. That would blow $15K/week in a Russian Brothel, when the company let them go.

[@Bonusjonas118]

i keep seeing you under my fav youtubers, now i’m subscribing 😂

[@ethannaka1822]

please don't confuse interest with capital gains

[@TrevForPresident]

This caller inherits $2.5MM and another video today the caller's dad stole $20k from them. Quite the dichotomy.

[@jeffreywhitaker5154]

Clickbait titles

[@philipgerry5228]

You can’t pick your relatives .

[@elmateo77]

@@jeffreywhitaker5154 How are they clickbait? Both of the titles are accurate descriptions of the calls.

[@jeffreywhitaker5154]

@@elmateo77 Yes Yes yes, clickbait in the sense that they automatically screened these topics to get the most eye catching topics.

[@DewTime]

@@jeffreywhitaker5154 that’s not what clickbait means though

[@robertclontz3728]

Many parents don't teach their children anything about finances. My parents never said a word to me throughout my entire life, and now both have been gone for nearly 10 years. The fact that he called Dave speaks volumes about how important this is. Well done on both sides, for helping a young person that WANTS help, and it sounds like he'll follow through.

[@abcdLeeXY]

The dad surely raised a smart boy.

[@relentlessenterprises9238]

Very true. And don't call him Shirley

[@jill9606]

@@relentlessenterprises9238 😂😂😂this is my 66 year old dad’s favorite joke!

[@thejakelegion]

Don't blow it, dude! P. S. For all the parents out there, TEACH your children about how all these investments work before you just die and drop it on your kids who aren't sure what to do.

[@lionheart93]

agree!!!

[@EmCitynWaterCo]

I know someone whose dad takes him with him to the annual appointments with his financial advisor. He also stands to inherit a substantial amount, so that's his dad's way of getting him familiar with his future portfolio responsibilities.

[@kevinkidneyy]

Jake Legion better than getting nothing . Some kids get nothing

[@thejakelegion]

@@kevinkidneyy well of course. I'm just talking about best practices. My Dad refused to work and made an average for 14k a year for most of my childhood. Poverty hardly comes close to describing. He knew better but didn't teach his kids anything. That's what I'm trying to avoid.

[@escottn]

I agree. Many kids have zero interest in that. So now I need to decide the best way to distribute my wealth when I die.

[@alwynjohn-thesimpleinvesto4730]

That's amazing how he amassed 2.5 million his dad was great at planning and saving! I think that is a hard decision when its just dumped on you how you want to move that money. Doing something wrong is always the biggest problem, moving slow and understanding each move is the best move. That is very true you are the best person because the moment someone else has that their goal is to take as much away

[@TowBee99]

Don't blow it, Keep it simple, Count your money.

[@marionwalkerjr.7394]

🤑🤑🤑🤑🤑🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣. Finally someone said it!

[@snowboard424]

It’s amazing how far Burr’s influence has extended 😂

[@IamtheGL]

Keep investing, no flexing

[@moneybee]

Haha that's amazing!

[@IamtheGL]

@@moneybee 😁

[@dip9995]

Worried people won’t know this themselves so let me make sure it’s known that’s a fake account. Do not be a victim to a scam

[@bigpap90]

That’s probably what his dad would say too

[@ForeSquareTim]

Both

[@jill9606]

Wow, what a beautiful blessing that man was to his son. How devastating to lose a parent so young, but what a wonderful legacy to leave for your child! This is what it’s all about!

[@Rogcui]

I’m surprised his parents haven’t taught him how to invest himself

[@NWforager]

guessing it was more being fortunate with a single stock than knowledge about investing .

[@DaMu24]

Well, his father is dead.

[@reginatheresa199]

@@NWforager i would suspect the same

[@tylerball9752]

Probably did but putting a hundred here and there never millions at once. Completely different (not really but it feels that way)

[@zilch4515]

@@DaMu24 He *obviously* meant before the death of his father. _Yeesh_

[@davidbradley8429]

The best thing a person who doesn't know how to invest should do is put their money in a good index fund that has low fees

[@vincentchamberlain7349]

just slap a bunch of money in the S&P 500 for 5-10 years and you'll do well

[@thompsonadamas5060]

it’s not rocket science you invest in proven companies that have a track record of success like amazon and Tesla do fractional shares 10 dollars a day everyday for year you should see a return on your investment in at least a couple months simply buy in dips

[@rosalinecarie2447]

This is a great tip, I am considering investing in stocks but I have no idea about stocks to buy or what to assets may have the highest yielding potential and so on.. Do you have more clues that could help.

[@thompsonadamas5060]

@@rosalinecarie2447 For a beginner with no Prior knowledge of the stock market I'd advice seeking the counsel of a broker. And with regards to that, the most reliable that comes to Mind is *Amanda Katherine Leff..* Look her up online.

[@harrychurchill6215]

@@thompsonadamas5060 Amanda Leff is a solid recommendation. She is highly decorated by virtue of achievements and highly sought after for her high performance programs.

[@elmateo77]

If he just inherited these stocks that resets the cost basis to the value when he received it. There shouldn't be any capital gains unless it's gone up since when it was inherited. $200k in capital gains on $2.5 million would mean it's gone up by over $1 million since he got it. I'm thinking he needs to find a new advisor.

[@pytime8621]

My thoughts exactly. The cost basis should have been reset.

[@anthonya2349]

Would most likely be long term capital gains which are taxed at a much lower rate.

[@s2kutah]

Can't believe I had to scroll this far to find this comment... I was like... hold up. It resets yo!

[@ratsofatso5525]

Not ALWAYS. Specifics matter.

[@jhoncena1111]

If it resets upon inheritance, this is basically legal tax evasion?

[@chcarroll5164]

Dude talked about capital gains. There is no cap gain on this inheritance; the cost basis resets to what it was worth at the time of the person's death, and the beneficiary will only be liable for tax when he sells something.

[@FmFpF1992]

That was my thought. He should get a step up in basis at DOD from what I remember from my CPA exams.

[@chcarroll5164]

@@FmFpF1992 Ramsey should've known this, but fact is he knows little and is the last person anybody should seek advice from.

[@Anh_Alexander]

If the stock was in an irrevocable trust rather than the parent's estate at death, it wouldn't get the step up in basis unfortunately

[@DrJaredNelson]

Educate yourself on investing. You already have the money! Once you gain the knowledge, the sky is the limit my friend.

[@5thdimension625]

Don’t tell anybody about your inheritance. It’ll save you a lot of grief in saying “no” to others

[@josephcoatofmanycolors]

A good man leaves an inheritance to his children’s children. Proverb 13:22

[@nathanjones6421]

Some good men can’t even have children. A good man is just generous. Period.

[@Mo-wq1oq]

Bible talk!!! I like it

[@rudysalas9138]

All men who work for their families are great men. Dont put down fathers who get by and dont leave a fortune for their family. They were men and provided. Ultimately its up to you, what You do to leave a legacy.

[@ceecee8757]

@@nathanjones6421 i know a good guy, no children, no wife, but he's selfish as all get out!!

[@nathanjones6421]

@@ceecee8757 You can be either selfish or generous with 0 or 100 children. That’s the point.

[@livingunashamed4869]

You're on baby step 7 congrats! Just slow down learn more and enjoy the ride.

[@DaMu24]

Caller didn't say he had no debt. Don't know yet if he's set.

[@livingunashamed4869]

@@DaMu24 What are the odds of this smart guy having a million or more in debt? With 2.5 mil I can confidently say he's in baby step 7 lol.

[@alwynjohn-thesimpleinvesto4730]

Exactly an advisor is a teacher, not a doer. A person who teaches is genuine and true. Diversity is necessary for the safety of your funds over time. Letting your fund sit there until you gain confidence is the best move.

[@jonymanay]

I was told Its better to have high growth high risk when your young. When your older its better to play it safe in slow growth low risk.

[@bighands69]

The best advisor anybody can get is the book intelligent investor that was written in 1949 and was based on investment strategies used in the great depression. It will teach you the basis of investment and then you have to go out and do it and the first thing the book teaches is that nothing in life is actually certain even sure bets.

[@alwynjohn-thesimpleinvesto4730]

Great content Dave, love your podcast, keep it up!!

[@WScott-gd2mj]

If Dad grew the portfolio to 2.5m it must be a pretty solid portfolio. I'd say let it keep on keepin' on until you learn enough to make informed moves. As far as cap gains, not sure I understand the concern b/c an inheritor can use stepped-up basis to eliminate any prior tax liability and start fresh from the point of inheritance.

[@j.3854]

So you inherited 3 Gamestock shares?

[@sonny4997]

this didnt age well

[@aidenleague8071]

@@sonny4997 keep talking buddy I’ll facetime you from the moon

[@sonny4997]

@@aidenleague8071 sounds good 👍

[@aidenleague8071]

@Ace Degenerate 🚀🌕

[@DocOrtmeyer]

@@sonny4997 this didn't age well.

[@bhupesh0111]

Buy an index fund. 90% of the mutual funds underperform an index fund.

[@carlthefriendlyllama2126]

Which is why I don't understand Dave recommending mutual funds over index funds.

[@jacobg8640]

@@carlthefriendlyllama2126 He gets paid to recommend them.

[@bhupesh0111]

@@carlthefriendlyllama2126 Dave is a noble soul n is helping humanity but he's a businessman he earns commission from his Smart vestor pros and ELPs

[@toddalquist3391]

@@carlthefriendlyllama2126 A mutual fund can still track an index. I agree though, activity managed mutual funds can be trouble over the long run.

[@rgarri6396]

All the great advice from poor people. Education would help.

[@bettystallworth8853]

Great advice Dave. I know a guy who lost 2.5M that he inherited and us broke today. The difference is his income wasn’t the same as this caller. He will do the right thing. He is asking.

[@lombardo141]

First thing is first just do nothing. Grieve, get your head straight. Then go ahead.

[@hectormiguel05]

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.

[@FPSCongo1]

Whoever took care of your fathers money did a great job. I wouldn't touch that money with a 10 foot pole after they did such a good job with it.

[@elka-bs8590]

It was one stock held for 60 years bro.

[@FPSCongo1]

@@elka-bs8590 I'm not your bro, guy.

[@elka-bs8590]

@@FPSCongo1 i never said you’re my bro, sis.

[@duhgreat8449]

Rule number one . You are in control of the money . Don’t let anyone take this away from you

[@AryanPatel-wb5tp]

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

[@deerinheadlights9784]

That was great life advice for any area. Thank you Dave, I needed to hear that 🖤

[@birdgangpat]

My name is Patrick and I’m in Dallas, wish I had 2.5 mil in stocks lol

[@smileymileys100]

Look into Tyrone Jacksons The wealth investor. Teaches you how to invests on you own, dave doesnt like this but what this guy teaches is revolutionary my family and i have implemented his teachings and they completely changed the way we invests

[@birdgangpat]

@@smileymileys100 I'm going to look him up, preciate it!

[@peterjanis2455]

I wouldn’t sell all of those stocks or liquidate the account. I doubt this 2.5 mil is one or two or even ten stocks. I would imagine it’s diversified already at 2.5m. He’s only 32 200k in taxes is brutal and opportunity cost on that is terrible. Maybe just sell a quarter or half into index funds, and add to index funds from now on

[@bighands69]

Index funds can lose as well.

[@peterjanis2455]

@@bighands69 Any investment can lose value

[@bighands69]

@@peterjanis2455 So it is not any better than stocks and shares and mutual funds.

[@Platinum_Tugboat]

Such great advice. I seriously appreciate everyone at the Dave Ramsey show.

[@1jw298]

I get an American Express commercial before each Dave Ramsey video.I sense some competition

[@grillmeister7]

He should get step up basis on inherited stock. No capital gains tax.

[@jtyson8928]

I wish I was that lucky !! God bless you to make smart decisions with that money .

[@digitalassetnews5341]

All these success wouldn't have happened without Lauren Simmons 😊

[@kamalsaurinsagar]

@@digitalassetnews5341 why are you a fake acc bro?? Who is it mimicking??

[@aprilaugustine7409]

I am so sorry for your loss.

[@envisionskylimit5689]

Dave : Sell it. Dad got lucky

[@stephenjamesolsen]

Most of us were not given an inheritance, but all of us should try to leave an inheritance for our kids.

[@randompasserby2348]

I knew he would reach to smart vestor pro section by the end😂

[@grizzlybear2702]

Just don’t simp away your money

[@justinaacorn5721]

😂

[@achavez78]

He’ll get married and end up in family court, payin that alimony!

[@Je.rone_]

Buy bugatti ... jk but it's great that he got the money but it sucks the way he got it... I'm sure he'd rather have his pops but it is a wise person who seeks wiser people, so he's on the right track

[@elijahsplaytime2540]

Nice video on CNBC Millennium Money 🎯

[@GR-uc1gq]

This is what I'm hoping to gain with HCMC and ENZC. One can only dream

[@GG4GB1914]

Make your parents proud. You can do it.

[@kosmonautofficial296]

Imagine watching this again but Dave is wearing that orange outfit.

[@joebaby555]

Keep this quiet, Relax ,get educated and you’ll be fine. Sorry for your loss... Dave’s idea about getting a great group of advisers around you.. let them teach you..while they are keeping an eye on each other.. don’t just listen to only one..

[@brendonrodriguez9407]

Another great video

[@colorfulcodes]

Put 500k in index funds at the very least. 2 years worth emergency fund too. Wow. Happy for you!

[@Michal_Sobczyk]

What if indices stop growing?

[@ratcat3586]

@@Michal_Sobczyk then the economy has a big problem and rip to everyone’s retirement money

[@2-old-Forthischet]

$150,000 per year? Diversify. BTW, did I ever introduce myself? I'm your long lost brother.

[@tienvo89]

Lol I’m his brother you know

[@jordanroberts7931]

Patrick, if you're reading this ignore Dave Ramsey's "Mutual Funds". Use Index Funds instead. Stay away from 1-3% fee mutual funds at the very minimum. He's right, he's just using the wrong lingo.

[@bighands69]

Index funds are an actual mutual fund.

[@cerebralvision]

Wonderful father. I hope one day I will be able to do the same for my children.

[@BigChuck525]

It takes more than money to make a wonderful father

[@texan903]

@@BigChuck525 true, however having plenty of money goes a long way. I don't care what anyone says about money doesn't buy happiness; it makes life's difficulties much easier and I would rather be rich and miserable any day than I would poor and miserable.

[@positive_vibes_2427]

1:15 I'm sorry I didn't catch that, how old did he say he was?

[@positive_vibes_2427]

@@fishbasha Thought he said 132.....gotchya. Thanks!

[@Tehui1974]

Great advice by Dave in this video. The guy in the mirror is the person who's going to manage your money.

[@tomm8025]

Why not explain that his guys cost basis is the value of the stock upon his fathers death? Very important for him to understand this. So if the $200K is the additional value he would only owe capital gain tax on the $200K which means his actual taxes would be in the $20K - $40K range at most. Drop in the bucket of $2.5M to get it set up properly with a long future in front of him. He would not lose the $200K. Very unlikely $200K could be owed in taxes unless his father died a long time ago, which it does no sound like he did. But taking it slow is great advice, especially at 32 years old. Plenty of time for that money to grow and compound. I would spend the next several months even a year to slowly educate yourself on investing. Learn a little bit every day.

[@daveblackman6382]

Good video

[@diapaul8339]

A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. You need to keep raw, irrational emotion under control

[@veewright296]

Investing for today is priceless because tomorrow isn't promised, trading bit-coins, gold, silver and crypto secures a better tomorrow

[@clintonhills4213]

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.

[@katesmith8119]

It’s not how much money you keep, but how much money you make, how hard it works for you, and how many generations you keep it for

[@katesmith8119]

It’s not how much money you keep, but how much money you make, how hard it works for you, and how many generations you keep it for

[@jameswhite4635]

best to you young man

[@kaizenborntowin]

Personally I prefer technology index funds, such as SMH and VGT.

[@appleforever6664]

Wow! Hopefully the caller is able to continue to invest and give later.

[@samlee6152]

This family is the embodiment of what I want for my future family. Wealth accumulation for security but emphasis on hard work/financial literacy so that they don't become dependent on money or become snobs.

[@lkj0822g]

Trying to find a competent financial advisor with whom you feel comfortable with is a lot harder than you think. I interviewed six before I found "my guy" and I met with him on three separate occasions before I finally decided that he was the one.

[@al1203]

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.

[@mva6044]

My thought exactly!

[@ttaylor7777]

There should be no capital gains on inherited stocks. When inheriting, the basis is adjusted to the value at the time of death.

[@Darkpara1]

There isn't, unless you take them out.

[@stevo4535]

Dave said a CPA for an accountant and SHOULD have said a CFP for the investment advisor as well.

[@bighands69]

There are CPA's that do financial advice. When it comes to actually picking investments the client really needs to be doing most of it them self. There is no magically person out there that can give you perfect advice. Many advisors are using flawed investment methodologies.

[@supercrazydesi]

CFA is better than CFP.

[@MisteMiner]

It's not do I want to pay the 200k capital gains tax or do I not want to pay it; it's do I want to pay it now by taking the money out of individual stocks and putting it into mutual funds or do I want to defer it by leaving the money where it's at. The right answer is to pay the tax and get the money where you want it to be, that way you can sleep at night. He sounded like he wasn't especially comfortable with how the money was currently invested.

[@bighands69]

Does he even know where he wants it to be. Would his half baked idea be any better than its current location?

[@allthingsinvestingandfinance]

I would love to do this for my future kids but I would make sure to emphasize the importance of managing finances and investing before I left a shiny penny in their hands.

[@bighands69]

Making your kids work is one of the most important things you can do. Only buy them presents for their birthday and christmas. And make sure the birthday presents are small and of quality. Everything else they save for and buy with the money they get for working for you. It does not need to be a large amount of money.

[@devinparker1748]

with $2.5 million you can build your own mutual fund. High quality, best of breed, dividend paying stocks spread across 5 or 6 sectors. Dave would never, ever approve of that but it COULD be done.

[@justinacase2623]

Devin, why would he waste time reinventing the wheel?

[@Michal_Sobczyk]

People who know how to invest in the stock market don’t work for mutual funds. They don’t have to.

[@bighands69]

@Devin Parker Never put all your eggs into one basket. You could build a good quality stock portfolio but it would be unwise to put 100% of your total worth into that. Mutual funds, indexes and so on are great ways of diversifying for the average investor.

[@bighands69]

@@justinacase2623 Does not have have to reinvent the wheel it would just be diversifying but never put 100% of your investments into one thing. Keep things spread out.

[@kiethmergard]

This is amazing advice. I am in the process of investing in mutual funds that pay out dividends monthly and am learning. I understand scalping shares in day trading, not mutual funds. So I'm going very slow.

[@YNB_Fatty]

If only they said to put it all into GME he would be a billionaire rn

[@vitaminA_1]

Shut up

[@YNB_Fatty]

@@vitaminA_1 nahhhh I’m good. You’re just mad cause you’re a broke boy who can’t have fun with his money..cause you ain’t got any 😂

[@danielosorio311]

Btw you dont need to pay any capital gains tax in an inheritance. Step-Up in cost basis. Im surprised Dave Ramsey did not know this.

[@djfeiste1]

Dave dropped some wisdom on this one

[@Capt_Billy]

Investment fraudsters got my dad for $10,000 (and 500 others in my area). Following Ramsey's advice is rock solid even if you don't agree with him with everything.

[@MrJay197409]

If your already making $150,000 hopefully your managing it well. So as Dave stated go to the speed of your understanding. I would diversify the money because you never know what's going to happen with that stock.

[@bighands69]

His salary has no bearing on investment ability. AOC probably makes something like that every year and I am not sure her investment ability would be that good.

[@joemurchie]

Dave's next 5 videos... "people don't inherit millions, we asked all the rich people and they all worked harder than poor people."

[@triad6425]

80% of millionaires are first generation

[@naomiwilliams8850]

@@triad6425 yes if you include pensioners who saved/invested over 40-50 years yet still have to live a modest lifestyle. This isn't who most people are thinking of when they think of a millionaire. And it's not what most people want when they say they want to be a millionaire.

[@lonwoock9881]

Studies back up Dave’s assertion that 80% or more of millionaires did not inherit their wealth. He never said nobody inherits wealth.

[@MrPanthers23]

Hahaha

[@philipgerry5228]

Many forget the start up money or college money, advice of parents who helped them get a great start.

[@elitestar]

as soon as I heard financial planner, oh boy...

[@janstolk486]

i say cash in and spend it , ..you can always borrow money when you run out ! lol !

[@jackmatyas9245]

Why does he have 200k in cap gains? If it is inherited stock his cost basis shifts to the day of inheritance rather than his Dad's cost, correct?

[@jonahrauguth1896]

He shouldn't have any capital gains with a date of death step up in basis.

[@elmateo77]

I was thinking the same thing, but some stocks have been bouncing like crazy recently. So could be the death was a month ago and it's doubled since then, especially if it's all in one or a few companies.

[@Primitive_Code]

Anthony: "Dave, wouldn't you agree that he could find a mentor that would walk him through this process as well?" No.

[@nbn33]

Let it set as is for a while. Knowledge is power.

[@pchangchang7514]

great video

[@kiryowatonny617]

Slow down

[@financeroyce474]

WHERE CAN I WORK TO MAKE 150k???? Or 100k

[@922claymont922]

Pay the capital gain tax and put the remaining in SPY etf. Looking at $2000 after taxes each month in dividends. Dividends will increase and the value will increase long term. Safe as it gets

[@wewhoareabouttodiesaluteyo9303]

$2.5M/$370.70 = 6743 shares minimum x $1.3392/quarterly = 9030.22/3= $3010 monthly. He is set!

[@BlueStreak706]

So many successful people are like this. Made bank and provided for their kids but never taught them how to fish themselves. By the way, I wonder what those stocks are, Apple? Tesla? Amazon? I wish I put $10k in any of those stocks 10 years ago.

[@bighands69]

@Chuong Doan If you want to learn to pick good stocks you need to learn how to invest. Value investing is the approach that Buffett has used for investment. It is based on the investment strategy of Ben Graham and was proposed in the book the intelligent investor in 1949. Check out youtube videos on the concept of value investing there are lots of them. Stocks like everything have a value. If you went to buy a car you would try to know beforehand if it is costing too much money or not or if you are getting a bargain.

[@Thetatraderz]

Im glad this channel has focused on everyday Americans inheriting 2.5 mill.

[@bighands69]

If it is $2000 or if it is $5 million the same principles apply. The median retirement fund in America is $1.5 million.

[@truthseeker4807]

Love single stocks!!! Love divided payers as well!!! My single stocks crushed my mutual funds!! To each his own!!

[@armandol1826]

Me too. I got BA super cheap and I love them. I'm only 21 too

[@theflightsimulationexperie6894]

And you both will probably learn the hard way as well......just wait and see..

[@armandol1826]

@@theflightsimulationexperie6894 I bought at $129. Im up 3k already and it hasn't even restored to its normal price.

[@theflightsimulationexperie6894]

@@armandol1826 let me give you a piece of advise from mark cuban and your talking to an person who has been in the markets for 24 years. “Everyone thinks they’re a genius in a bull market.” -Mark Cuban.

[@Michal_Sobczyk]

Single stocks have much higher potential than mutual funds. Funds are run by people who don’t know how to invest, that’s why they work there, because they can’t do it themselves. It’s all about marketing. They are literally worse than a random number generating formula in Excel. True money in mutual funds lies in selling them.

[@annajones9701]

That guy just sits there and does nothing

[@pimpballer3]

Only 200k in cap gain? That means it was $2.3mil of savings... Just leave it be and let it grow. The dividends themselves plus your income should get you through.

[@rgarri6396]

Do you know what cost basis is?

[@joefunk76]

Maybe $200k is the taxes. In which case it would be more like $1m in cap gains.

[@meatball4409]

@@joefunk76 He is not making 1m in capital gains with only 2.3m invested lol that's 40% and the major hedge funds don't even achieve that

[@joefunk76]

@@meatball4409 You pay taxes on the total capital gains when you sell - and only when you sell. He didn't necessarily earn the 40% or what not within a single year. If you've been invested long enough, your capital gains will be well more than 40%. They'll be more like several hundred percent. Also, 1m of gains in a 2.3m portfolio isn't 40% but 77%, because the 1m was earned on 1.3m.

[@andrewg4451]

lucky guy to inherit 2.5 million in stocks.

[@zachthefoolie5013]

I mean yea but every family has around 1 mill in stocks in cali

[@jarrettpierce5626]

Put it all on red at Vegas and try to double it!!

[@summerelipropkercortes6898]

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.

[@kalifaz2787]

You receive whatever is worth at the time you sell it since stocks went down I would hold on to the stock 5-10+ years to gain more from it (no financial advice)

[@summerelipropkercortes6898]

@@kalifaz2787 thank you very much

[@joechang8696]

Late to this, but consider taxes. He is not in top bracket. Taking money out of stock held long time, this should be long term capital gain. But because it is inherited, the basis may be reset. So get a good accountant to explain the tax consequences

[@flisfinance5680]

So right! He needs to slow down and pick the best thing for himself

[@hodgelive]

What a title!

[@derek-n1b]

Not all single stocks are created equal. Apple is less risky than Nikola etc i would be fine owning Apple or Amazon. By buying 2.5 M of S&P you are already taking a large position in Apple

[@carmineglitch]

If its Tesla U HOLD, to avoid the taxes hold still, than take it out.

[@xxrngxx5]

Index Funds. $VOO, $VGT, $SPY $ARKK

[@rothbj1]

First thing planner did was multiply 2.5 million by 5.75%