Skip to comments.Should I sell or hold my Apple stock?
Posted on 08/07/2012 5:10:56 PM PDT by moonshot925
I bought 750 shares of Apple in April 2004 at $14/share.
I now have 1,500 shares because it split in February 2005.
Apple is now $620/share.
Apple is now paying quarterly dividends of $2.65/share.
The internet is a bad place for stock market advice. With that said . . . when I don’t know what to do, I sell half.
ummmmmm advise here on FR is worth what you paid for it.
I bought a lot about the same time too but I was stupid enough to sell around $90 after Jobs came back.
You have a nice profit so far if you sell. I think you may want to consider taxes selling now versus next year or later just in case 0 is re-elected.
I wouldn’t have guessed it would have gone up this much. Do they have full market penetration or is this just the tip of the ice berg?
sell. You can send me a 5% commission.
If I were you, I’d wait until after the iPhone5 is released (rumored for late September). There is a LOT of pent up demand, and as the old stock addage goes “Sell on rumor, buy on news”.
Before Apple announces their Q4 earnings - their stock should be significantly higher than it is now. I’d wait - but that’s merely my opinion.
I agree with Bipolar Bob on both counts... bad place to get advice and I would sell half as well. Also, if you have some underperformers at year end, you may want to sell those to offset some of your gains.
Hey cousin! I guess things have been pretty good as of late. Mind if I stop over sometime?
I’ve been buying up LQMT on the iPhone 5 rumor it will use the LiquidMetal product for its case instead of the old glass. A great way to get a piece of the action without the high per/share cost. LQMT has a lot of upside even outside the AAPL rumor.
AAPL will go to $700 by Sept 10th, so hold it. Other than that , I hardly think someone who has an unrealized profit of $920,000 on a single stock holding needs ANY advice from anyone here.
ummmm, don’t you mean Buy on Rumor and Sell on News?
Sell part, maybe half or more. But another important decision will be, where will you invest the proceeds? Better diversify. Very rocky road ahead. Btw, I’ll settle for 2.5%.
Glad I don’t have to worry about such decisions. My only worry is paying off my debts before I die.
If you sold, what would to do with the proceeds?
Your shares are currently earning over $10 per share per year and you paid $14 per share originally.
CD’s, Money Market, etc., are paying LESS than 1%.
Keep the stocks. If you need the money, syphon off the dividends.
Several years ago, I had to redeem Savings Bonds. They were paying a low 6%, but I needed the money to live on.
Now, I would be ELATED to have anything paying 6%.
I do have an IRA through an insurance company. It is contracted to not pay less than 3.5% per year. When I took it out, most basic savings accounts were paying 8%. Now, that 3.5% looks pretty good.
That question is best posed to your favorite member of Congress.
I’d wait till you have a cool million. Just because.
Then diversify, diversify, diversify.
It depends on how old you are, how much you already have in a retirement fund, etc.
Do you want to reinvest the dividends or take the dividends as income to supplement your salary/wage?
Do you want to roll it into a 401(k) or Roth IRA (if you're old enough)?
Do you want to sell it all to buy a house, and pay the capital gains all at once, or set up an income stream annuity during retirement when you will pay the capital gains as they are withdrawn over time?
These are the questions to ask and answer.
If you are afraid of the capital gains, send me the shares and I will take care of it for you. No problem, glad to help.
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