Question
Sue, a new client, recently won $3,000 at a casino and took her winnings to purchase 100 shares of stock in a new smartphone app
Sue, a new client, recently won $3,000 at a casino and took her winnings to purchase 100 shares of stock in a new smartphone app company, TriviaAddiction. Sue indicated that the stock has done well and she is thinking of selling it before December 31 since the price has reached $240 per share. Sue believes that a new smartphone app will be replacing TriviaAddicition soon and the stock price of TriviaAddiction might be as low as $220 by early next year. Sue is single and her taxable income (not including the stock sale) is $40,000. Is there any reason to wait and sell the stock later? What would you suggest to Sue?
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