I Have $18M in a Single Stock - Should I Diversify?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 18 October 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Sarah is in Seattle to start this hour.
0:25.0	Hi Sarah, how are you?
0:27.0	Hi Dave, thanks for taking my call.
0:29.0	Sure, what's up?
0:30.0	I'm looking for some investment advice. So I'm a 50 year old
0:36.8	homeschooling mom. I've been homeschooling for about 20 years and we've been on a single
0:42.3	income for a long time and budgeting and living within our means. ago I used to work for a major tech giant and I had some socks that were underwater so
0:56.4	didn't think much about it and totally forgot I even had them and loaned a whole couple of ago, it just went crazy.
1:04.0	And so now all of a sudden I have a great amount of net worth, I guess.
1:09.0	But when I log in and see my account, I have up to about $18 million right now, but I don't know what to do with it.
1:18.0	And it's all tied up in one stock, which makes me a little nervous.
1:22.0	And, you know know we've I've never done a whole
1:26.2	lot of online investing or anything like that so wanted to see if you have some advice
1:31.1	for me.
1:32.1	Wow that's awesome!
1:34.8	I hate it when I log into my account and there's 18 million dollars in there.
1:38.6	Way to go!
1:40.0	Were you shocked?
1:41.0	Like did you wake up one day and log in and go,
1:43.2	oh my gosh, are those zeros real?
	...

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