07-07-2022, 05:50 AM
Question for the group:
Should I sell GOOGL or AAPL?
I was always gonna be a bit short of dividend income from my taxable account alone but thought I could wait until 2023 before having to make sales as I had a cash pool before I retired. Two things have happened that are likely to change this.
1) Conversions. I have to pay quarterly taxes on those. I haven't made a big one yet but expect to owe over $10k to the IRS when the time comes.
2) Home Maintenance. This is not really my home but I have two older outbuildings I am doing work on. They're in good shape but have older roofs which I should replace. I'm getting quotes now.
I have an Emergency Fund but IMO neither of these are an emergency. I also have a HELOC but I've been paying it down and with interest rates going up I'm not gonna add to it. In fact if the rate gets above 6% I may just pay it off.
Neither of those two companies are integral to my dividend income. Of course Alphabet doesn't pay one at all though I continue to believe they could easily start paying one at any time. AAPL's yield is miniscule and it's increases the past 3 years have been pathetic for a company with its cash flows. My entire decision re which to sell is deciding which has better cap gains prospects going forward.
I know which I'm leaning toward but I'm interested in what folks here think.
Should I sell GOOGL or AAPL?
I was always gonna be a bit short of dividend income from my taxable account alone but thought I could wait until 2023 before having to make sales as I had a cash pool before I retired. Two things have happened that are likely to change this.
1) Conversions. I have to pay quarterly taxes on those. I haven't made a big one yet but expect to owe over $10k to the IRS when the time comes.
2) Home Maintenance. This is not really my home but I have two older outbuildings I am doing work on. They're in good shape but have older roofs which I should replace. I'm getting quotes now.
I have an Emergency Fund but IMO neither of these are an emergency. I also have a HELOC but I've been paying it down and with interest rates going up I'm not gonna add to it. In fact if the rate gets above 6% I may just pay it off.
Neither of those two companies are integral to my dividend income. Of course Alphabet doesn't pay one at all though I continue to believe they could easily start paying one at any time. AAPL's yield is miniscule and it's increases the past 3 years have been pathetic for a company with its cash flows. My entire decision re which to sell is deciding which has better cap gains prospects going forward.
I know which I'm leaning toward but I'm interested in what folks here think.