COST stock
I have 280 shares of COST which I am up 100k over what I paid. P/E is now 50. should I sell and look for something else? I’m single ,83 , long time successful investor, plenty of chicken money.
Terry Says
I never give investment advice on individual stocks! I have no crystal ball!
But here’s some planning advice. If you die, and still own the stock, your heirs will get the value at the date of your death as their own cost basis. So if they sell when you die, they will pay no capital gains.
But if you sell now, you will incur a huge capital gain. And that will be added to your income. And it will increase your Medicare Part B and D monthly premiums.
Keep that in mind as you make your decision.
