I have close to 450k in stocks which primary includes Tech heavy tickers like Microsoft, Google, Amazon and Apples. About 15% in VOO, and 10% in QQQ… some other smaller positions include other decent tech companies which are above 100B in market cap… I have close to 350k in HYSA for downpayment of a home in US but unsure when I will buy a home as spouse just lost her job and is trying get one. The stock portfolio is about 20-25% up since start snd the market seems to have peaked. Should I continue to hold these or book some profits as the market may correct any time? (Guessing if S&P corrects 10-15%, tech will correct 25-40%) None of the companies I have are expected to go bankrupt, even with a very severe correction however my 450k might shrink substantially in short term. I am expected to get another pre tax 200k of RSU in rest of 24 and similar in 2025. What should I do? TC 400k #stocks #investments
Whats your NW?
1.2M including retirement accounts
You are trying to time the market, no one can tell the future, including blinders. General wisdom is, Market in the long run increases (10+ years time horizon), But time to time there will be some corrections as part of normal behavior. These corrections can take long time to recover. Consider your goal and act accordingly.
How old are you and what is your role at Amazon ? Wondering which level pays 400k TC
36 yrs, L6
Depends , what’s your age ? Do you have kids ?
Yes 1 kid starting elementary. I am 36
I would say the downturn even if there is one is going to be temporary. Specially with election this year they won’t allow a crash. They will pump economy at any cost. I have similar portfolio, 800K NW but 200K in qqq. Anyways Long term you are going to be ok. Look at bigger chart for QQQ. Selling now you will pay taxes as well.
Are you swe? Yoe?
No, YOE 4 at Amazon, total 13
WOW did not know non swe makes 400k
I would sell individual stocks and put it all in VTI/VOO
Can you Pls share your logic
Individual stocks are riskier
Sell ww3 is coming
🥱
War is coming
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So much overlap with qqq and tech stocks and then some with VOO