I have Google stocks around 250k at current price of 101. I had close to 475k at highs but never sold anything until this year..... I sold 35k stocks few weeks back at around 90 and it was a bad price point. Now I wonder what's the best strategy to sell the remaining stocks. And where to put it... Should I just sell at this price, or sell 10% for next 10 months. Is it a good idea to put it all in QQQ ? Please advise as I already have huge losses from other investments and I want to at least save this money for my future. Thanks! TC 450k
Similar position overall. I probably sold 50k around $90, don’t sweat it.
Similar to DCA when buying stocks, you can sell in trenches.
I'm offloading MSFT. I'm mostly selling the rip: when the price is a lot higher than a few days back, I sell. So far so good, mostly sold for $280+ last year. Waiting to get to this target, will sell more. I mostly keep cash and speculate (buy and sell within a short period of time) when I see some stuff particularly attractive.
I’ll first have to explain why the stock is rising to set context before giving my advise. In light of SVB collapse due to rising interest rates, Market is expecting the Fed to pivot and decrease the pace of Rate hikes. Reduced rates make capital cheaper, which then gets invested in stocks. Also, as the interest rates drop the money from bond market starts flowing into stocks. This Cheap capital is invested in growth stocks as compared to value stocks, and thus goes to tech stocks most. Thats why all tech stocks are rising. Among tech stocks, Google is rising more because it is more sensitive to rates as majority of its revenue is discretionary money via ad-spend. Cheaper the money, higher the discretionary spend. So GOOG will sustain the current level or continue to rise until the rates are hiked again. The soonest that can happen is March 22, the date of Fed meeting. If the market is correct and Fed pivots, then GOOG will rise more. However, if the market turns out to be incorrect, and Fed continues to hike rates, GOOG is going to crash. So I’ll hedge my bets, and sell 75% before Mar 22. If Fed does pivot, GOOG will rise and I’ll sell remaining before the next Fed meeting. If they don’t pivot, then GOOG will crash and I’ll be stuck with my remaining 25%
This is speculation. We don’t know why. There’s also a good chance google is doing another round of layoffs and the market knows. Or the market is reacting positively to the AI developments
If it was because of Google-specific reasons like layoff or AI development, only Google would have rallied. But today all tech stocks have rallied. Check stock price of all FAANGMULA. Stock market is complicated, but macroeconomics isn’t. And what’s happening since the last 3 years is textbook macroeconomics.
OP is killing it with the “buy high sell low”!
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Sell right away if you believe in the “can’t predict the market” mantra. The risks are too high if you’re getting 100k+ in stock.