Owning shares that were bought a while ago or inherited
Has anyone here had issues with shares that were inherited and previously owned when starting a job in asset management/hedge funds?
The firm that I'm about to join has a policy that bans any name stock investment, but here the situation is such that the shares were either inherited or purchased a while ago before I began my career in finance.
I posted in the hedge funds sub-forum previously but didn't get any responses, so thought I would post here.
Thank you.
i worked under a regional head who held their previous bank's stock from the 2007-08 crash onwards.. refused to sell because it was a holding they didn't touch (and it obviously compounds beautifully while giving you chunky dividend lol) they were unable to cover financial services as a sector but could keep their holdings.
Is there any particular reason you want to hold it rather than liquidating and putting into some sort of index fund?
If you inherit it on the job there's usually a grace period to liquidate, but it sounds like you already own these.
Find out about establishing a family trust (or local equivalent like a blind trust) if the value of the shares is great enough and you have concerns about selling.
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