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.
Hey cousin! I guess things have been pretty good as of late. Mind if I stop over sometime?
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.
-PJ
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%.
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Keep the stocks. If you need the money, syphon off the dividends.
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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.
-PJ
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.
Take half and diversify into physical gold and silver buried on your property. Don’t own property, diversify some more... ;)
I’ll give you $28 a share for it. You’ll double your money!
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.
As a broker with my Series 7 &66 my professional advice is get off the Internet and find a broker.