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Post by hledgard on Mar 21, 2017 20:39:13 GMT -8
I think it really was a lot of short term investors who were hoping a tax holiday would come soon after Trump was elected. Now that it looks like it'll be a few years away, they're bailing. Why do you think it is a few years away?
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Post by rickag on Mar 22, 2017 3:30:26 GMT -8
I've been scaling out as well as I now rely on my investments for income both now and when my wife retires. AAPL was 90+% of our holdings for almost a decade and is now down to about 16-17% via closing option positions and selling shares over the last 3 years (mainly recently). Still our largest holding but will scale even lower as prices and opportunities in other securities present themselves. Also what Apple does with the dividend will ultimately decide how low to go. It's been hard selling but a necessity with capital preservation and diversification a larger priority. I admit to not understanding exactly what circumstances are prompting you both to unload AAPL. If you're depending on *immediate* dividends to provide income, then I understand why you would want to maximize your dividend percentages right away. For capital preservation purposes, unless one is planning to sell a ton of stock in the near future, the AAPL pullbacks have just been great opportunities to buy more shares at a lower price. Of course, this is only true if you feel that the stock will eventually rebound. If you guys no longer feel that the stock will necessarily continue to rebound from pullbacks, then I also understand why that would be a reason. As far as diversification goes, I know I'd be *terrible* at picking "opportunities in other securities" because 18 to 30 years ago, before we directed all of our investment money to AAPL, my wife and I were terrible at even picking good investments for our annual IRA contribution. I vividly remember the year we were so desperate to improve our picks that we used Money magazine's top rated fund for that year, Reynolds, as the right place for each of us to invest our $2000 IRA contribution. Mr. Reynolds and his cohorts took our $2000 and turned it into $800 in an amazingly short time. So putting our contributions directly into AAPL, starting about 2000, made that annual decision easier. Anyway, I hate to see such long time AAPL Longs exiting the stock but I sure wish you well with your investments, whatever they may be, and I hope you maintain enough AAPL to continue to frequent the board. I believe you have a different perspective since your holdings are large enough to live on the dividends alone and still increase your holdings. I am not in the position to live off AAPL dividends, so the mindset closer to retirement is preservation of capital. With all stocks there is uncertainty and with AAPL at all time highs the market can and has irrationally brutalized AAPL. On the other hand if AAPL continues up I will get back in with only lost opportunity. Hope that explains a little better.
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Post by moltenfire on Mar 22, 2017 5:26:07 GMT -8
I think it really was a lot of short term investors who were hoping a tax holiday would come soon after Trump was elected. Now that it looks like it'll be a few years away, they're bailing. Why do you think it is a few years away? www.reuters.com/article/us-usa-stocks-idUSKBN16S19H
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mark
fire starter
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Post by mark on Mar 22, 2017 20:17:16 GMT -8
here5 new items including Apple introduces Clips: the fun, new way to create expressive videos on iOS Is this snapchat? I tried downloading Clips and whatever I found isn't the Apple one. Anyone have a link to it?
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Post by Luckychoices on Mar 22, 2017 21:21:40 GMT -8
here5 new items including Apple introduces Clips: the fun, new way to create expressive videos on iOS Is this snapchat? I tried downloading Clips and whatever I found isn't the Apple one. Anyone have a link to it? I think I remember reading it won't be available until sometime in April. Update: Yep. Here it is: Clips will be available on the App Store for free beginning in April, and is compatible with iPhone 5s and later, the new 9.7-inch iPad, all iPad Air and iPad Pro models, iPad mini 2 and later, and iPod touch 6th generation. Devices must be running iOS 10.3.
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