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The Ramsey Show Highlights

Just Found Out I Have $18M in a Single Stock

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 14 October 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

📱Download your free Ramsey Network app today! 💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. So I'm a 50-year-old

0:08.8

homeschooling mom. I've been homeschooling for about 20 years, and we've been on a single

0:15.1

income for a long time and budgeting and living within our means. But recently, about four or five years ago,

0:23.6

I used to work for a major tech giant,

0:25.9

and I had some stocks that were underwater,

0:29.2

so didn't think much about it,

0:31.1

and totally forgot I even had them.

0:33.5

And, lo and behold, a couple years ago, it just went crazy.

0:39.8

And so now all of a sudden I have a great amount of net worth, I guess. Um, but when I log in and see my account, I have up to about

0:47.0

18 million right now, but I don't know what to do with it. And it's all tied up in one stock,

0:53.2

which makes me a little nervous. And, um,

0:57.1

and, you know, we've, I've never done a whole lot of online investing or anything like that.

1:01.5

So I wanted to see if you have some advice for me.

1:05.4

Wow. That's awesome. I hate it when I log into my account. There's $18 million in there. Way to go.

1:13.4

Were you shocked? Like, did you wake up one day and log in and go, oh, my gosh, are those zeroes real?

1:18.5

No, you saw it coming. You knew. No, I didn't. My husband actually said, hey, did you see what

1:23.5

happened to your company? I'm like, no, because I was homeschooling. I was doing my

1:27.5

normal things, and I actually didn't even know where my stock was. So I had to log into a

1:33.2

couple of different companies and say, well, I hope my account is there still. So, yeah,

1:38.7

so I found it eventually, and it's gone crazy still. Okay. Wow. So you've held this for how long?

1:47.5

20 years.

1:48.4

And you've, and it was, when you got it, it was an employee benefit, so your cost basis is zero?

...

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