Hello,
I've been reading the site for awhile but this is my first post here. Thanks for all the great information. I am hoping for a little guidance on what to do with a windfall my wife received when her grandmother passed away. She inherited about 270,00 in assets, in a combination of cash, equities and mutual funds in a managed account (we inherited the financial advisor as well, who also manages my wife's parents' account). Her grandmother passed in '07, but she wasn't able to gain access to the account until 28, which was three years ago. Of the 270K in assets, 120k was in cash, and our advisor recommended we invest a portion of the cash in variety of tech stocks and international mutual funds, which we have (after reading this site for a while, I probably should have just invested that in index funds...). Since then, our total assets are worth 339K. We still have 60k in cash, which we are in a position to invest. We held on to this cash as we both were out of jobs for roughly two years traveling and wanted it as a back-up stash. We both are working again and have an ample emergency fund separate from this 60K.
I'm just looking for some advice on what to do - I understand there would be some large tax penalties if we sell the individual equities and invest in index funds (if that even makes sense). Below are my current holdings - what would you do with it?
Cash - 64,926
Equities - 104,224
Altria 4,221
Apple 21,445
Comcast 3,682
DTE Energy 25,209
Facebook 19,735
Ford 4,060
Kraft 881
Mondelez 2,062
Pfizer 9,254
Philip Morris 5,707
Travelers 648
Verizon 7,314
Mutual Funds - 170,147
AMEFX (American Income Fund) 9,360
NPFCX (American New) 38,207
ANFCX (American New Economy) 25,175
BALCX (American Balanced) 37,573
MITIX (MFS Massachusetts) 30,789
MIGYX (Oppenheimer Main Street) 29,040
Total 339297