Summarize and humanize this content to 2000 words in 6 paragraphs in English Many people talk about what their $10,000 investment would have turned into if they bought a stock five years before it became popular. However, some people actually buy early and end up with substantial gains. Someone called into “The Ramsey Show” saying that his 37-year-old aunt has $650,000 worth of Tesla stock. She worked at Tesla for six years and didn’t touch the stock. The caller expressed caution, saying that it’s not good to put all of your eggs in one basket. Don’t Miss: Financial guru Dave Ramsey was on board with the assessment and liked that the aunt could turn to her nephew and that he told her to minimize her risk. The video conversation ended up on Ramsey’s channel. He also shares what he would do with the money and how the aunt can continue to build wealth. The aunt works as a project engineer and earns $70,000 per year. She’s only paying $1,000 per month in rent and has $20,000 in debt that will be paid off this year. The aunt has retirement investments but no cash savings. She wants to wait until it reaches $1 million to sell, and she also doesn’t want to take a big tax hit. Ramsey offered pretty blunt advice on the capital gains taxes. “You’re going to have taxes. Welcome to making money.” Ramsey went on to explain how this is a good problem to have. He also didn’t bash Tesla stock. He said he would have the same opinion regardless of whether the $650,000 was in Tesla, Apple, or any other solid stock. Ramsey believes in portfolio diversification over allocating most or all of your capital into a single holding. Trending: BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates. We don’t know how much the aunt would have to pay in capital gains tax. She would have to pay a 15% capital gains tax rate on her gains, but Ramsey views it as an expense worth paying. Ramsey encourages the aunt to view it as $650,000 on the kitchen table instead of seeing it as money tied to Tesla stock. The financial guru proceeds to ask what you would do if you saw that money on your kitchen table.
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