How do you like these Apples?
Hi Terry!
I invested in Apple many years ago, and it has split several times. With a cost basis of $6,000 for 1,955 shares, the market value is now $491,000 today (it’s been higher, of course!). I’ve been whittling away at it, and have sold about 200 shares over the last few years, doing it piecemeal for both tax and IRMAA bracket advantage. After listening to your advice on WGN today, should I go in for one huge, blowout capital gains year, before the inevitable big market adjustment, paying maximum IRMAA and tax bracket? Or, should I keep whittling it down gradually, potentially taking less profit when selling in the future? I have a good amount of fixed income separately, mainly in treasury securities. Thanks for all you do!!
Terry Says
Gosh, I don’t have a crystal ball! I suspect Apple will be around for a long time –if not leading the way, a very close second in all new things, including AI and telephony. It’s a nice problem to have — and my guess is as good as yours. It’s my personal “style” to never do anything “all at once”. Easier not to regret mistakes that way!
