Submitted by SensitiveWhile3799 t3_10s4g1w in personalfinance
I (24F) recently inherited about 1100 shares in AAPL stock. I’m pretty new to the stock market, investing, and trading in general. All I do right now is put some money away towards ETFs, both in a Roth and a normal investing account. I prefer to be low maintenance with this stuff - stash the money away and collect later when it’s needed. My eventual goal is accumulate wealth, and retire somewhat early.
That said.. what should I do with this? Is it a safer bet to keep it in AAPL? Should I cash some out and invest in ETFs? I’m not sure what the smart play is here. What would you do in this situation?
Edit: wow this community is amazing, I appreciate everyone’s advice here. Some varied inputs here and there, but the biggest consensus is to sell and diversify - might look into that. I also appreciate the tip about the Stepped Up basis tax benefit because I had no idea about this - I was fully expecting to pay the full capital gains. For additional context:
Deceased passed away mid 2022. Didn’t know about this inheritance until this month.
I work a full time job, offering 401K. No outstanding debt at all, but I do plan on purchasing a home in the next 5 years. I’m generally risk adverse. I do see some advice here about more complicated investing strategies such as calls and options but I reallly don’t know much about that.. I tried learning but it goes over my head.
Also yes, this is pretty much 85% of my net worth now
Otherwise, this is all great advice. Thank you to everyone who is commenting