07-08-2022, 06:31 AM
(07-07-2022, 01:11 PM)fenders53 Wrote:(07-07-2022, 09:02 AM)cemanuel Wrote:You made your decision before you even asked. We can chat about it the next two Julys. If the new roofs are truly a this year emergency and you can't afford to do it out of the checking account, then that is kind of the definition of an emergency because you don't have current cashflow available. I would pay for at least some of it out of emergency fund. Let's be honest, you could replenish the emergency fund in a day if you actually had to. I am happy you can. If you insist on selling one, sell GOOGL into the probable pre-split run that will likely pull back some if the market doesn't get happy soon which few expect. I bet you were planning to sell AAPL instead worried about earnings which may be a valid concern. I could be wrong, just causing trouble.(07-07-2022, 07:56 AM)fenders53 Wrote:(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.
The reason I initially purchased them was to maximize capital gains. That is no longer the purpose of that account - I changed that objective a couple of years after getting started. So no, the reason I purchased them is no longer valid.
The reason I didn't sell them when I was converting to DGI IS valid. That reason is so they could provide me with cash, through periodic sales, to cover my dividend income shortfall once I retired.
I own them in my IRAs. Those are TR accounts so those companies suit the account objectives.
Whether to sell AAPL or GOOGL?
No, I did not. I have a direction I'm leaning but that decision won't be made until I press the "sell" button. Folks could have information I'm not aware of that may influence which stock I trim first.
Re the EF, it actually is larger than it probably needs to be though I was going to wait until 62 before I cut it down as I would then have taking SS as an extreme backup. But normal maintenance isn't something I want to look at as an emergency. Same for something like buying a new car. The plan was always to use trims of those two companies for expenses such as that.
This may be a case where a principle is getting in the way of financial profitability. I am leaning toward AAPL, more a question of future price gains & current valuation at this point in time. I think GOOGL has more run in it though this is tentative until I actually sell.