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Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.
This week’s episode starts with a discussion about protecting yourself from fraud in honor of Cybersecurity Awareness Month.
Then we pivot to this week’s money question from Michael, who wrote this email: “Hi Nerds, thank you for your helpful and entertaining advice. My question is, I have been a buy-and-hold investor for many, many years. So one could say I am a buy-and-hold-and-hold-and-hold investor. Over the years, the portfolio has done relatively well, and therefore, if I was going to make any changes that would be advisable at this time, the portfolio would incur very sizable tax events. This scares me, because it might be a good long-term strategy, but I may not have a long time. So I have just continued to hold and get old. Not bad, but what would you suggest? Thanks.”
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