facebookI just received an inheritance of stocks from my late father and I do not know what to do with it. I only know that I am able to get dividends yearly (about $50 only). Should I just sell it? - Seedly

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Anonymous

09 Jan 2021

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Stocks

I just received an inheritance of stocks from my late father and I do not know what to do with it. I only know that I am able to get dividends yearly (about $50 only). Should I just sell it?

Should I sell an inheritance stock with yearly dividends yearly of $50?

Discussion (5)

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Chris

09 Jan 2021

Owner and Writer at Tortoisemoney.com

Without knowing the details of the stocks that you have received, it is hard to judge what is the best course of action.

However, if the companies within the portfolio are solid companies, I don't see a risk in holding it in the long term to just let it grow.

That being said, assuming a 3% dividend yield, the stocks are probably valued at around ~1.6-1.7k. So I think if you don't need the money, or you don't have a better investment to shift this money to, I would just advise you to hold onto it for now.

Depend on the performance of portfolio.
If the stocks are all good, u should conti. to buy in or at least hold & do nothing. Sell when u really desperate, if u didnt need it, u can pass down to ur children.

Is the portfolio mostly growth stock that why low dividend?

Or

Is it very little quantity?

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