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Nothing wrong with having the money in stocks. However, each holding has to be evaluated regularly to see whether or not it should continue to be held. And, of course, if a general market decline starts, it is appropriate to sell everything.

If this is a taxable account, the stocks cost basis is what the stocks were priced when they inherited the stocks. Be sure to make a note of those prices now, so that if you sell some time later you know the capital gain or loss. You can find out the prices from a newspaper archive, or from a charting program that will display the prices.
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