What he is talking about is his own financial position, something nobody else can presume to know about, let alone, question.
At the point I "questioned", he had made a simple statement (see below) that didn't explain what % of his holdings AAPL represented. " ...If you are not too heavy ..." is a bit vague. Hence I asked for clarification. I have no argument with the answer to my question when I read it in fact I totally agree that is sound for a low risk taking approach. As I said, I continue to buy AAPL and I am in a more aggressive strategy.
"Good time to buy if you are not too heavy in Apple.
$150 price target for this year.
Right now I have $45k in Apple stock so I'm too heavy to buy anymore shares."
Way too high ! More like 50%. But time is running out for me sooner than you.
Our exposure to AAPL (and holdings) seem similar. I am taking a wild guess that our ages aren't too far apart either. Not questioning your investment strategy (certainly not my place to do that), but IMO a 50% concentration in one stock seems like something to avoid and certainly not to increase though additional purchases. I've been unwinding my AAPL position for years now and moving the proceeds to other investments, mainly ETFs. I've already won the lottery. Rung the bell. Grabbed the brass ring. As a matter of curiosity, when are you going to get that feeling, do you suppose?
Our exposure to AAPL (and holdings) seem similar. I am taking a wild guess that our ages aren't too far apart either. Not questioning your investment strategy (certainly not my place to do that), but IMO a 50% concentration in one stock seems like something to avoid and certainly not to increase though additional purchases. I've been unwinding my AAPL position for years now and moving the proceeds to other investments, mainly ETFs. I've already won the lottery. Rung the bell. Grabbed the brass ring. As a matter of curiosity, when are you going to get that feeling, do you suppose?
Very hard to say. I am more worried about external factors damaging the market than Apple's risk of failure. We'd sell other shares before AAPL to be honest.
Very hard to say. I am more worried about external factors damaging the market than Apple's risk of failure. We'd sell other shares before AAPL to be honest.
Basing this just on what you've said, and of course what I know about myself.
Anyhow, the issue is one of asset allocation rather than any particular view of any given stock. Diversifying assets is the best shock absorber against external factors ever devised. Trying to guess right is the worst. The math is all in, it's really just a matter of knowing about it.
Comments
AI posted a NASDAQ pic with the article, but of course AAPL is now a Dow component.
Being part of the Dow, has nothing to do with what exchange the stock is traded on. Apple is still traded on the NASDAQ.
At the point I "questioned", he had made a simple statement (see below) that didn't explain what % of his holdings AAPL represented. " ...If you are not too heavy ..." is a bit vague. Hence I asked for clarification. I have no argument with the answer to my question when I read it in fact I totally agree that is sound for a low risk taking approach. As I said, I continue to buy AAPL and I am in a more aggressive strategy.
"Good time to buy if you are not too heavy in Apple.
$150 price target for this year.
Right now I have $45k in Apple stock so I'm too heavy to buy anymore shares."
Way too high ! More like 50%. But time is running out for me sooner than you.
Way too high ! More like 50%. But time is running out for me sooner than you.
Our exposure to AAPL (and holdings) seem similar. I am taking a wild guess that our ages aren't too far apart either. Not questioning your investment strategy (certainly not my place to do that), but IMO a 50% concentration in one stock seems like something to avoid and certainly not to increase though additional purchases. I've been unwinding my AAPL position for years now and moving the proceeds to other investments, mainly ETFs. I've already won the lottery. Rung the bell. Grabbed the brass ring. As a matter of curiosity, when are you going to get that feeling, do you suppose?
Very hard to say. I am more worried about external factors damaging the market than Apple's risk of failure. We'd sell other shares before AAPL to be honest.
Very hard to say. I am more worried about external factors damaging the market than Apple's risk of failure. We'd sell other shares before AAPL to be honest.
Basing this just on what you've said, and of course what I know about myself.
Anyhow, the issue is one of asset allocation rather than any particular view of any given stock. Diversifying assets is the best shock absorber against external factors ever devised. Trying to guess right is the worst. The math is all in, it's really just a matter of knowing about it.