Hi! This is a great site and I have learned so much...I wish I knew about this a few years ago, thus my question.
After residency, I worked in academics for 2 years before going to fellowship. I was excited about the increased income and had a friend who was big into buying (and selling) individual stocks. I was excited to do it too and started buying $5000 worth of stocks (mostly all blue chip) until I had about 8-10 different stocks. This was in 2009-2010 so you can probably guess what happened - this acct in capitalone (was ING) is now close to 6 figures and I don't know what do to with it. I'm a bit nervous having so much in individual stocks but they are all pretty good quality ones. I also recently bought some more stocks with the brexit but I haven't really sold many because of how well they have done.
1. Should I just keep em going or sell and put into a vanguard acct (taxable since I max out retirement options) for index funds?
2. If I keep them, should I change the dividends to stop automatically investing them? I like the idea of just letting them snowball but it's gonna be an issue when I sell, right?
After residency, I worked in academics for 2 years before going to fellowship. I was excited about the increased income and had a friend who was big into buying (and selling) individual stocks. I was excited to do it too and started buying $5000 worth of stocks (mostly all blue chip) until I had about 8-10 different stocks. This was in 2009-2010 so you can probably guess what happened - this acct in capitalone (was ING) is now close to 6 figures and I don't know what do to with it. I'm a bit nervous having so much in individual stocks but they are all pretty good quality ones. I also recently bought some more stocks with the brexit but I haven't really sold many because of how well they have done.
1. Should I just keep em going or sell and put into a vanguard acct (taxable since I max out retirement options) for index funds?
2. If I keep them, should I change the dividends to stop automatically investing them? I like the idea of just letting them snowball but it's gonna be an issue when I sell, right?
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