07-07-2022, 07:56 AM
(07-07-2022, 07:00 AM)cemanuel Wrote:You asked for opinions and I gave you mine.(07-07-2022, 06:34 AM)fenders53 Wrote: What's your other idea? Sorry but not a chance I would advise selling either down here. I own GOOGL and intend to own AAPL again if it dips much lower.
What do you mean other idea - not do conversions? Let the roofs on buildings fall in?
Edit: Maybe I should have repeated the purpose of this account:
Taxable Account: Provide me with sustainable, growing, dividend income. I will use this account to completely fund my retirement. Based on my pre-retirement budgeting I should be able to cover about 80% of my expenses from dividend income. The other 20% will come from a combination of saved cash and periodic sales; at this time those sales will be AAPL and GOOGL shares. I won't be completely passive here but other than these sales expect to do little trading here. I'm reasonably happy with what I own though I'm sure that as I pursue my quest to become the longest-lived Human Being in the history of the planetthat some companies will run into problems. Total return/value is not a primary goal of this account but it's always nice to have.
What would you do if you didn't own AAPL or GOOGL? Do that instead lol. You will rationalize whatever you do in the end. That is what we humans do. Maybe AAPL or GOOGL will get smacked in a few months and it will look brilliant for awhile. Those are just two of the toughest stocks in the market to make a two year bet against. The reason you purchased them is still valid.