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Should I sell or hold my Apple stock?
vanity | 7 August 2012

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.


TOPICS: Business/Economy; Chit/Chat; Computers/Internet
KEYWORDS: apple; stock
I am afraid that the capital gains tax will be raised to 20% in the beginning of 2013 with a possible 3.8% surtax.
1 posted on 08/07/2012 5:11:06 PM PDT by moonshot925
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To: moonshot925

The internet is a bad place for stock market advice. With that said . . . when I don’t know what to do, I sell half.


2 posted on 08/07/2012 5:13:37 PM PDT by BipolarBob
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To: moonshot925

ummmmmm advise here on FR is worth what you paid for it.


3 posted on 08/07/2012 5:13:54 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: moonshot925

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?


4 posted on 08/07/2012 5:15:25 PM PDT by mnehring
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To: moonshot925

sell. You can send me a 5% commission.


5 posted on 08/07/2012 5:16:53 PM PDT by martinidon
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To: moonshot925

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.


6 posted on 08/07/2012 5:18:25 PM PDT by Hodar (A man can fail many times, but he isn't a failure until he begins to blame somebody else.- Burroughs)
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To: BipolarBob

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.


7 posted on 08/07/2012 5:19:46 PM PDT by theyreallthesame
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To: moonshot925

Hey cousin! I guess things have been pretty good as of late. Mind if I stop over sometime?


8 posted on 08/07/2012 5:20:39 PM PDT by stevio (God, guns, guts.)
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To: Hodar

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.


9 posted on 08/07/2012 5:21:22 PM PDT by mnehring
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To: moonshot925

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.


10 posted on 08/07/2012 5:21:51 PM PDT by montag813
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To: Hodar

ummmm, don’t you mean Buy on Rumor and Sell on News?


11 posted on 08/07/2012 5:21:57 PM PDT by theyreallthesame
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To: moonshot925
Sell it and buy GM stock with it. It's the patriotic thing to do.

-PJ

12 posted on 08/07/2012 5:25:32 PM PDT by Political Junkie Too ( It doesn't come naturally when you're not natural born.)
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To: martinidon; moonshot925

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.


13 posted on 08/07/2012 5:25:32 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: moonshot925

If you sold, what would to do with the proceeds?

CD’s
Passbook savings
Money Market

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.


14 posted on 08/07/2012 5:26:25 PM PDT by TomGuy
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To: moonshot925
I also agree with Bipolar Bob. Hedge your bets, sell half. But mostly I simply want to congratulate you. Great going ! I love it when people make money. Awesome.
15 posted on 08/07/2012 5:27:08 PM PDT by builder (I don't want a piece of someone else's pie)
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To: moonshot925

That question is best posed to your favorite member of Congress.


16 posted on 08/07/2012 5:28:06 PM PDT by Fester Chugabrew (I wish this president would learn how to be an American)
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To: moonshot925
Strictly out of concern for your mental well being I think you should send all those annoying shares to me...think of the money you will save on therapy.
17 posted on 08/07/2012 5:29:25 PM PDT by crazyhorse691 (Obama is just the symptom of what is destroying the U.S.)
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To: moonshot925

I’d wait till you have a cool million. Just because.

Then diversify, diversify, diversify.


18 posted on 08/07/2012 5:29:56 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: moonshot925
Seriously, maybe you should see a financial planner.

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.

-PJ

19 posted on 08/07/2012 5:30:52 PM PDT by Political Junkie Too ( It doesn't come naturally when you're not natural born.)
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To: moonshot925

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.


20 posted on 08/07/2012 5:34:24 PM PDT by irishtenor (Everything in moderation, however, too much whiskey is just enough... Mark Twain)
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To: moonshot925

Take half and diversify into physical gold and silver buried on your property. Don’t own property, diversify some more... ;)


21 posted on 08/07/2012 5:38:35 PM PDT by Errant
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To: moonshot925

I’ll give you $28 a share for it. You’ll double your money!


22 posted on 08/07/2012 5:39:35 PM PDT by Guyin4Os (A messianic ger-tsedek)
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To: irishtenor

Hey, I saw him 4 minutes and 59 seconds before you did...go find another mark :’)


23 posted on 08/07/2012 5:39:50 PM PDT by crazyhorse691 (Obama is just the symptom of what is destroying the U.S.)
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To: moonshot925

I would really rely heavily on an expert. I wouldn’t presume to give you any advice on this as it is not my area of expertise. I’ve got multiple degrees but am an amateur in this area.


24 posted on 08/07/2012 5:47:41 PM PDT by RIghtwardHo
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To: Political Junkie Too

I have $300K in retirement funds and $40K in savings.

My home is paid off and is currently worth about $700K.

No debt.


25 posted on 08/07/2012 5:50:48 PM PDT by moonshot925
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To: moonshot925
You could have, like, two crack parties if you sold it.


26 posted on 08/07/2012 5:53:42 PM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: moonshot925

As a broker with my Series 7 &66 my professional advice is get off the Internet and find a broker.


27 posted on 08/07/2012 5:55:07 PM PDT by DCBryan1 (I'll take over the Mormon over the Moron any day!)
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To: moonshot925

You have 1M in a single stock. Uhm. Yes you should sell half now and half next year. Buy 30 individual stocks for diversification, AFTER, you pay for your life. You got lucky owning a stock that has performed. Now move on. IMHO.


28 posted on 08/07/2012 5:56:14 PM PDT by samadams2000 (Someone important make......The Call!)
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To: Political Junkie Too
Sell it and buy GM stock with it.
It's the patriotic thing to do.

OK, Where's the /Sarc tag?

Seriously, the likelihood of an upside move
is lower than the projected change in capital gains tax.

But whether congress is going to overturn this
will not be known for a few more months

29 posted on 08/07/2012 5:57:19 PM PDT by HangnJudge
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To: moonshot925

You have 1M in a single stock. Uhm. Yes you should sell half now and half next year. Buy 30 individual stocks for diversification, AFTER, you pay for your life. You got lucky owning a stock that has performed. Now move on. IMHO.


30 posted on 08/07/2012 5:58:13 PM PDT by samadams2000 (Someone important make......The Call!)
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To: moonshot925

Hate to be rude(not really) but why are you asking that type of ? here.
If your not sure what to do you may want to spend some time brushing up on your financial skills at a financial site or as some one mentioned hire a pro.
I have lost entirely tooooooo much money in my life dicking around worrying about paying taxes on gains.If ya got more than when ya started after taxes,paid yourself for the aggravation, then you won.


31 posted on 08/07/2012 6:01:11 PM PDT by CGASMIA68
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To: moonshot925

Yes, you should.


32 posted on 08/07/2012 6:11:37 PM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: crazyhorse691

Let’s share!


33 posted on 08/07/2012 6:18:35 PM PDT by irishtenor (Everything in moderation, however, too much whiskey is just enough... Mark Twain)
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To: samadams2000

Good idea.

I’ll probably sell half and give the rest of the shares to my wife.

But I must first see who wins in November.


34 posted on 08/07/2012 6:18:46 PM PDT by moonshot925
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To: moonshot925

http://boombustblog.com/blog/item/6127-apple-gets-sliced-and-diced-as-google-enjoys-fruits-of-long-range-planning


35 posted on 08/07/2012 6:24:20 PM PDT by VA Voter
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To: moonshot925

Sell half.

Invest in gold, Armalite, BCM, Colt, Daniel Defense, LMT, and Noveske.

Oh, and a nice Corvette would be fun until the collapse.

Plus, you still have half as a hedge against no collapse. Both sides covered.


36 posted on 08/07/2012 6:26:47 PM PDT by Rinnwald
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To: moonshot925

If you don’t sell, you won’t be able to brag about how much money you made. Sell a bunch, keep a bunch. Use the proceeds to buy stock in Chick-Fil-A or some similar conservative-friendly enterprise.


37 posted on 08/07/2012 6:29:19 PM PDT by Kevmo ( FRINAGOPWIASS: Free Republic Is Not A GOP Website. It's A Socon Site.)
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To: moonshot925

You didn’t make that!


38 posted on 08/07/2012 6:37:12 PM PDT by Paradox (I want Obama defeated. Period.)
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To: moonshot925
But I must first see who wins in November.

Flawed logic, if the Bummer wins in November the market will step off a cliff the morning after. You will still be bucks up so things are good but anything sold after the election tally would amount to a discount.

That (opinion only) said...congratulations; you done good all 'round!

39 posted on 08/07/2012 6:37:21 PM PDT by norton
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To: moonshot925

Buy more, sky is the limit.


40 posted on 08/07/2012 6:43:59 PM PDT by Revolting cat! (Bad things are wrong!)
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To: moonshot925
You'll need more, depending on how long you think you'll live in retirement. Unless you think the Apple stock will lose value, it's your retirement nest-egg. You'd either sell it to reinvest it in a more diversified portfolio, or keep it in Apple stock in anticipation of it growing even more until you retire.

It's good that you have no debt and a secure home. You would need to think about what kind of income you need to sustain your lifestyle in retirement, once your salary/wage ends. If you have a pension coming, factor that in, too, along with expected social security payments. Then, your disbursement from the Apple stock will supplement that retirement income.

Also, you can think about what retirement might look like. Typically, in the first years your expenses may be higher because you are traveling more, or doing more hobbies and activities. In the next decade (?) your expenses go down because you're getting older and slowing down. Finally, your expenses go back up because your medical costs will go up in the last years.

If you don't have a pressing need for the money now, then put it away for when you need it later.

-PJ

41 posted on 08/07/2012 6:48:53 PM PDT by Political Junkie Too ( It doesn't come naturally when you're not natural born.)
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To: moonshot925

You paid $10,500 for something that is now worth $930,000 and you are wondering what to do?


42 posted on 08/07/2012 6:49:06 PM PDT by zeebee
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To: moonshot925

tough call. trade-offs re: capital gains and potential hikes weigh heavily.. but some predict it will go $1000/share or more .. good luck.


43 posted on 08/07/2012 6:52:29 PM PDT by NormsRevenge (Semper Fi)
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To: moonshot925

Are you single, I have a couple of granddaughters that are knock outs in the brains and looks department....


44 posted on 08/07/2012 7:27:59 PM PDT by goat granny
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To: moonshot925
Bulls make money. Bears make money. Pigs get slaughtered.
One approach would be to sell before the election and buy it back afterward. You will have to pay the capital gain tax, but then the change in cap gain tax rate won’t be as onerous.
Full disclosure: I am heavily long on AAPL, and I think I should probably my own advice.

45 posted on 08/07/2012 10:26:05 PM PDT by conservatism_IS_compassion (The idea around which “liberalism" coheres is that NOTHING actually matters except PR.)
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To: moonshot925
Sell as much as needed to get your initial investment back. Then sell half of the remainder and have one hell of a party.

Or better yet, use it to start laying in supplies of "beans, bullets and Band-Aids."

46 posted on 08/08/2012 7:32:46 AM PDT by Bloody Sam Roberts (As long a hundred of us remain alive we will never on any condition be brought under Obama's rule.)
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To: moonshot925; TigerLikesRooster; Whenifhow; Cincinatus' Wife; familyop; blam; 2ndreconmarine; ...
Just be glad you do not own Facebook ___ !

Facebook stock hits all-time low as insiders get chance to sell !

This stock should have been priced around $ 11 - $ 12 . . . LOL !

47 posted on 08/16/2012 11:02:31 AM PDT by ex-Texan (The Time to "Wake Up" is Over !)
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To: moonshot925; TigerLikesRooster; Whenifhow; Cincinatus' Wife; familyop; blam; 2ndreconmarine; ...
And corrupt insider trading yields $ 100 Million to bankers . . .

Facebook's Bankers Are Divvying Up The $100 Million They Made Shorting Facebook's Stock

48 posted on 08/19/2012 12:17:48 PM PDT by ex-Texan (The Time to "Wake Up" is Over !)
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