This investor just inherited 7,000 shares of Apple and is looking for advice
That’s the question for a guy who just learned that his recently-deceased grandfather left him 7,000 shares of Apple AAPL, +0.66%.
Assuming the stock stayed at midday trading levels around $467.50, the man with 7,000 shares is looking at $3.27 million in stock. Fellow Reddit users chimed in with three forms of advice: hold, diversify — and run far, far away from the internet thread and find a professional to help him out. Another user said the man should get ready to sell most of it after the stock splits and there’s a sugar rush of highs from even more Apple shares available on the market.
MarketWatch checked in with some pros for their take. The Reddit’s user’s first mistake was even letting people know he’s come into big-time money, according to Kashif Ahmed, president of American Private Wealth, a financial advisory firm in Bedford, Mass.
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