Aunt accrued $650,000 Tesla stock without selling, to wait for $1 million before selling
From Yahoo Finance: 2025-04-05 10:00:00
Many discuss hypothetical gains from $10,000 investments in early stocks. A caller on “The Ramsey Show” revealed his aunt’s $650,000 Tesla stock, accrued from working at the company without selling. Financial guru Dave Ramsey advised diversifying and managing capital gains taxes responsibly.
The aunt, a project engineer, earns $70,000 yearly with minimal expenses and debt. She aims to wait until her stock reaches $1 million before selling to avoid a large tax hit. Ramsey emphasized the inevitability of taxes on profits, promoting responsible financial planning and diversification.
Ramsey stressed the importance of portfolio diversification over heavy investment in one stock, regardless of its success. BlackRock predicts alternative assets to thrive in 2025, highlighting the need for varied investments. Ramsey advised the aunt to consider her $650,000 as cash on the table, urging wise financial decisions.
Read more at Yahoo Finance: ‘You’re Going To Have Taxes. Welcome To Making Money.’