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Your friend inherited 100 shares of Wells Fargo stock.When they inherited the shares, they were worth $62.55 per share, but are now worth $47.48 per
Your friend inherited 100 shares of Wells Fargo stock.When they inherited the shares, they were worth $62.55 per share, but are now worth $47.48 per share.Your friend wants to "wait until the shares get back up to at least $62.55" per share before selling them.What do you think about this strategy?In expectation, will your friend be better off by waiting to sell until the stock is worth at least $62.55 per share? Four or fewer clear and thoughtful sentences should suffice.
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