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Andrew Hobbs

Just one stock made me a member of the inheritocracy

The surge in Commonwealth Bank shares since they listed has given me a huge financial problem, but it is one I am very happy to have.

The massive surge in Commonwealth Bank shares in the past couple of years has huge implications for millions of Australians, even for people like me, who have never bought a single CBA share.

That’s because, like a growing number of people, I inherited a slice of CBA shares when my father died.

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Andrew Hobbs covers self-managed superannuation funds, financial planning, retirement and inheritance. He has been a financial journalist for more than 25 years, working previously at Bloomberg and Australian Associated Press.

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    Original URL: https://www.afr.com/wealth/investing/how-one-stock-made-me-a-member-of-the-inheritocracy-20250604-p5m4ym