u/crisishavoc

▲ 202 r/Fire

2.1 million trust

Hello everyone. I turned 25 last month and with that I was given ownership by my mom to a brokerage account that contains shares from 8 individual stocks, 1 ETF, and 57K in cash that total to 2.1 million. Most of it comes from the 8 stocks.

I currently work freelance in film/tv and photography and it's been rough financially with how inconsistent work can be, especially recently. I'm functionally unemployed in-between work. On the upside, I don't have any debt (car is paid off and no student loans). I otherwise have been living my life as I have before the inheritance.

I'm interested in advice for how to manage this newfound wealth and grow it effectively. I'm also interested in getting some idea of my tax situation particularly if I were to sell some of my shares in the future.

reddit.com
u/crisishavoc — 1 day ago

2.1 million inheritance

Hello everyone. I turned 25 last month and with that I was given ownership by my mom to a brokerage account that contains shares from 8 individual stocks, 1 ETF, and 57K in cash that total to 2.1 million. Most of it comes from the 8 stocks.

I currently work freelance in film/tv and photography and it's been rough financially with how inconsistent work can be, especially recently. I'm functionally unemployed in-between work. On the upside, I don't have any debt (car is paid off and no student loans). I otherwise been living my life as I have since the inheritance.

I'm interested in advice for how to manage this newfound wealth and grow it effectively. I'm also interested in getting some idea of my tax situation particularly if I were to sell some of my shares in the future.

reddit.com
u/crisishavoc — 1 day ago