Thanks for the advice. As far as the additional info requested
-2007/2008 AGI
232,000 (numbers are approximate)
-2007/2008 taxable income
152,000
-monthly spending/saving
I have no housing expense and I currently spend about 700 per month in insurance related costs and food.
I save about $12000 in the average month
-current contributions to retirement accounts
IRA maxed
401k maxed
-availability of 401k at employer
available
-housing situation (rent/own), amts owed if any
I do not own a home and I am provided housing by my employer so I do not have any
Are the stocks/money market in taxable accounts? Yes I have aboput 140k in a taxable brokerage account.
As far as my exposure to APPL. Well I bet big on this one about a year and a half ago and my cost basis is below 100 per share. I am loath to sell it as nothing has changed fundamentally with the company (macro economy yes). I agree that growth can not continue indefinitely at the current rate but I believe that APPL is positioning itself well to capitalize on the emerging market for wireless devices that offer the functionality of a pc. I have already rode out large fluctuations in stock price to the tune of near 50% decline while everyone screams that the market is going down in flames and that this stock in particular will be trading at 2003 levels. Would you have told me to sell this 3 months ago? What stocks offer a better investment value and why?
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