I find myself in the fortunate position of having inherited some stock. About 75 shares of ExxonMobile. So now I need to decide what to do with it. This stock has been in the family for generations. It originally belonged to my great-grandfather. Now, my instinct is to not to give it any sentimental value in that respect. And at 37, I am single with no romantic prospects, I'm not sure I'll have any kids to pass it down to.
I keep my investments in broad index funds and I've never before owned any individual stocks. My impulse it to sell. I hope to move to another state, so it would be nice to have some extra cash for that. After I move, I would expect to put any leftover cash into index funds.
Apparently, I have the choice of making a batch sale (which means all my stocks would be sold on one day, up to five days after I tell them to sell) or I can make a market sale where they would start selling off my stocks the same day. The market sale costs $10 more than the batch sale. It seems like the advantage of the market sale is that I could lock in a certain price for at least some of the stock . Does it make any difference which I choose?
Open to any thoughts on this topic.