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So I have a question... I have an extremely paltry amount of Yahoo stock (5 shares) that I bought on a whim in 2014. This is the only investing I've done outsi
by xenihn 11y ago
So I have a question...
I have an extremely paltry amount of Yahoo stock (5 shares) that I bought on a whim in 2014. This is the only investing I've done outside of my company 401k. I know absolutely nothing about investing. What the heck should I do with it at this point?
- drglitch 11y agoSpeak to a professional, not randos on the internet, if it really worries you. Its current worth is about 5*$30.63 ~= Not much. So best advice is to sit on it and do nothing... and when you're bored, go to www.investopedia.com and read up about how stock markets work - it will come in useful in future!
- georgeecollins 11y agoMy free advice: nothing.
- jedberg 11y ago5 shares? Probably nothing, just let it ride. You'd probably drop $150 on a dinner or two. If you had 5000 shares I'd probably say the same thing -- this was already priced into the stock and almost all of the value in the stock is the Alibaba holding. If the stock is up from when you bought it, maybe I'd say take some profit off the table, but honestly a sale of Yahoo's web business would probably increase the value, but who knows. I personally don't invest in tech stocks because they're too volatile. :)
- davidw 11y agoSell a few of them and buy a copy of this: http://amzn.to/1PjrGpY http://amzn.to/1PjrGpY Or skip that and just stick to index funds in the future. Also, check your 401K and make sure the expense ratio is low compared to something like a Vanguard index fund. If not, make some noise.