Hi Guys,
Got a weird situation, my Dad set aside a bunch of stock for my siblings and I from a company he started. He no longer has any stake in it but the company has gone on to do well and we all received a dividend of $94k each this year.
I currently have a job and no debt and just live off my salary. My area is very expensive so I won’t be buying any property. (Housing starts at $1.5M for a small apartment)
To be honest I’m not really sure what to do with the money. I had about $40k in the Schwab robotrader already and I spoke to a relative who works for Morgan Stanley and they said, with that amount of money, it doesn’t make sense to work with a wealth management agency. Obviously I’ll be paying a chunk to taxes this year. Curious what you guys would do?
Submitted February 07, 2020 at 02:56PM by Battleaxebro https://ift.tt/2UxaDhA
