About 25 years ago, I began investing in about 15 stocks thru dividend reinvestment plans.So it was $50-100, here and there until I got tired and move on to other investments. Although I received statements, and would add periodically according to whims, I have forgotten about it until now when I am about to retire. When I gathered all the recent statements, I am pleasantly surprise that like a tree, some have grown a lot.
In total it is worth about 350K.
The companies Are Exxon-Mobil, McDonalds, 3M, Walgreens, Walmart,
Conagra, CSX, Wells Fargo, Pepsi, Merck, Sara Lee, Duke energy,
Edison Int, Waste Management, GE.
My accountant said, keep it, and sell them slowly only when I need the money. They are taxed as capital gains(?).
Any suggestions? Right now I'm just hanging on. I may even add $50 here and there! Any idea?
In total it is worth about 350K.
The companies Are Exxon-Mobil, McDonalds, 3M, Walgreens, Walmart,
Conagra, CSX, Wells Fargo, Pepsi, Merck, Sara Lee, Duke energy,
Edison Int, Waste Management, GE.
My accountant said, keep it, and sell them slowly only when I need the money. They are taxed as capital gains(?).
Any suggestions? Right now I'm just hanging on. I may even add $50 here and there! Any idea?