SRE
Sempra
stock NYSE

So got married last year and finally got around to merging our financials. I’ve always been fairly active and value focused on my investments. My wife’s father was a stock broker who died in the late 90s and she hasn’t done much with the portfolio since. In some ways it’s great bc he invested in many very solid companies that have done fantastic (pep, abbv, etc) but there’s also a number of companies in the portfolio that either have fallen off or frankly I don’t understand the business model of well which makes me uncomfortable owning. My wife has basically said “do what you think is best” for the stocks.
So here’s the question. Either companies like MMM, WY, HON, MRVL, and SRE how would you approach them? Is it better to sell off gradually and move them to stocks that better fit my wheelhouse and that to have a better insight in and jsut eat the tax hit, or let them grow and try to inform myself better on the companies and let it ride in the meantime?
Finally I find myself nervous about selling some of the positions with really big gains bc of the tax hit, even if they aren’t companies I think are getting me the best returns. Is it better to grisly sell off the positions over time to spread our tax implications or to jsut eat the bill and clear out the old wood?

So got married last year and finally got around to merging our financials. I’ve always been fairly active and value focused on my investments. My wife’s father was a stock broker who died in the late 90s and she hasn’t done much with the portfolio since. In some ways it’s great bc he invested in many very solid companies that have done fantastic (pep, abbv, etc) but there’s also a number of companies in the portfolio that either have fallen off or frankly I don’t understand the business model of well which makes me uncomfortable owning. My wife has basically said “do what you think is best” for the stocks.
So here’s the question. Either companies like MMM, WY, HON, MRVL, and SRE how would you approach them? Is it better to sell off gradually and move them to stocks that better fit my wheelhouse and that to have a better insight in and jsut eat the tax hit, or let them grow and try to inform myself better on the companies and let it ride in the meantime?
Finally I find myself nervous about selling some of the positions with really big gains bc of the tax hit, even if they aren’t companies I think are getting me the best returns. Is it better to grisly sell off the positions over time to spread our tax implications or to jsut eat the bill and clear out the old wood?