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IBM STOCK
Posted on 5/2/17 at 4:20 am
Posted on 5/2/17 at 4:20 am
I inherited about 700 shares of ibm stock recently...should I keep it or move it into another stock....I would also like to cash out some of it and remodel my house...any thoughts on this
3
Posted on 5/2/17 at 5:38 am to tigers1956
If you are happy with this portion of your portfolio in tech I'd roll this in to VGT or XLK and call it a day.
Posted on 5/2/17 at 6:17 am to tigers1956
Throws a decent dividend.. If I were you I would 1. cash some out and remodel like you want. 2. depending on your portfolio size, take half(?) roll into something else
112K is a lot of money to me so that's what I would do.
edit: This is also contingent that you don't have any outstanding debt to pay off.
112K is a lot of money to me so that's what I would do.
edit: This is also contingent that you don't have any outstanding debt to pay off.
This post was edited on 5/2/17 at 6:25 am
Posted on 5/3/17 at 12:20 am to tigers1956
Did you inherit it recently? Might want to keep it there for one year for capital gains tax. Not sure how all that works with inherited stock.
Posted on 5/3/17 at 5:10 am to airfernando
Gains are calculated from date of benefactor's death
Posted on 5/3/17 at 6:21 am to ynlvr
Interesting, did not know that.
This post was edited on 5/3/17 at 6:22 am
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