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Anonymous
Should I sell an inheritance stock with yearly dividends yearly of $50?
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Chris
09 Jan 2021
Owner and Writer at Tortoisemoney.com
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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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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.