re: Inheriting Exxonmobil stock

That's pretty funny actually

You are correct,XOM is a legacy stock. Boy do I have a world of experience with this. Here are the guidelines for you that I learned the hard way:

* Never sell XOM to diversify
* XOM will split typically every 10 yrs or so (your 680 will be 1360 shares that will grow and pay the same dividend at the next split.
* Unless you need the dividend income, reinvest it into more XOM stock
* Over a 30 yr period, I was told by multiple experts that XOM was a "matured stock with little growth potential remaining"; check back over the last 30 yrs and see what sound advice that was...meh
* Hold, hold, hold, hold forever if you can

Depending on your age but I would hold it if I had another 15-20 years before I retired.

I wouldnt hold too much of your net worth in a single stock or sector. Sell some and diversify if its more than a single digit percent of your net worth. Unless you need the dividends, they are not tax efficient. You will pay tax on the dividends it spits off every year. I would max out all tax advantaged accounts and keep remainder in taxable if you've maxed Roths for 20&21 already.

Did you mean "non taxable VTSMX account" or taxable?

The fact you inherited it at $82 and it's down to $50 should tell you its not a good idea to keep too many eggs in that one basket. Especially considering how broader market has done since then. Maybe look into tax loss harvesting. Sell some to offset equivalent gains in other investments and/or deduct $3k from income then carry over excess loss to future years.

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the OP is from 2016...

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Same thing OP is feeling if he held on since 2016. Sure hope he diversified.

A good mix of D’s and F’s for the most part.

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the OP is from 2016...

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This makes it all the more interesting. The consensus was the hold on to it because it’s not going anywhere and the dividend would be worth it anyways. The OP said he had 680 shares at $82 dollar cost basis or roughly $55,760.

It was posted on 08/02/2016, so assuming he started investing it in September 1st of that year through the end of most month and reinvested those dividends, he would $32,556, for an annualized return of -11.7%. If he invested it in an S&P 500 index fund instead, he would have $104,800 for an annualized return of 15.7%. 3.2 times the value of XOM.

Even if converting the shares from XOM to the index fund two a taxable event (I don’t know if it is or how), and he had to pay 20% to 30% in taxes, the value would still be 2.3 to 2.6 times XOM’s value.