U.S. Rep. Adam Smith Washington's 9th District | Official U.S. House headshot
U.S. Rep. Adam Smith Washington's 9th District | Official U.S. House headshot
Representative Adam Smith recently shared insights on personal financial practices through a series of tweets, posted on March 31, 2025. Smith, serving in the U.S. Congress representing Washington's 9th District since 1997, addressed inheritance-related issues that he and his wife recently experienced.
Smith stated, "My wife and I have a practice of never buying or selling individual stocks. We had no control over the inheritance and it created a problem with this practice." This tweet underlines the couple's commitment to financial prudence despite unexpected circumstances.
He elaborated further, "My father in law died unexpectedly about 3 years ago. My wife inherited from him some individual stocks. Tesla was one of them, 15 shares that split 3 ways to become 45." This inheritance added a layer of complexity to their financial decisions.
Lastly, Smith mentioned their cautious approach towards the inherited stocks, "We decided to do nothing with any of the stocks to avoid the appearance of selling at some beneficial moment. We intend to stick to this practice." Their decision aligns with their longstanding financial principles.
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