The stocks my parents gave me have grown a lot, and I’m wondering what to do next. Should I hold onto them and let them grow more, or would it be smart to sell a few shares and use the money elsewhere?
I was thinking about selling enough shares to get $7,000 to max out my Roth IRA and maybe invest in VOO for a few years.
What would you do? Is it better to keep riding these winners or start diversifying now?
120 shares of Google from decades ago? So… do you have thousands of shares now because of splits? Or did they just buy a few shares back then and splits brought it up to 120?
Nev said:
120 shares of Google from decades ago? So… do you have thousands of shares now because of splits? Or did they just buy a few shares back then and splits brought it up to 120?
If it’s from 2014, 120 shares would’ve turned into 2,400 shares now. That’s like half a million dollars. Amazing investment if it’s true. I’ve started doing something similar with my kids’ savings by putting it all into AIQ.
Nev said:
120 shares of Google from decades ago? So… do you have thousands of shares now because of splits? Or did they just buy a few shares back then and splits brought it up to 120?
Yeah, I was thinking the same thing. Google has had huge splits over the years. Maybe they bought 3 shares in 2000 and it grew from there?
Nev said:
120 shares of Google from decades ago? So… do you have thousands of shares now because of splits? Or did they just buy a few shares back then and splits brought it up to 120?
They probably started with a few shares, and the splits just did their thing over the years. That’s how these numbers add up.