POSITION REDUCED – Apple (AAPL)

I wasn’t sure if I should do this, and I’m still not 100% sure if it was the right move… but I have recently sold half of my position in Apple.

I was fortunate enough to get into this stock at the end of 2018 when it had taken a hammering like most of the US market. I did buy this pretty much at the bottom of the correction at $144.08, which was lucky.

Looks like a great trade right now….. wont look as good in 12 months when it’s at $450…. ha

Last week my Apple investment was up 123% in 1 year and that is not including any dividends received. I have seen some good profits in stocks suddenly disappear and it is heart breaking, even when you are investing for the long term.

IMAGE SOURCE: Apple.com

I still believe Apple has plenty of growth over the years. I will hold this stock for a long time, however it is now looking over bought and ready for a pull back, like a lot of the US market. So I pulled the trigger and sold half of my position at $316.58

I do still have a small position, have released some capital and taken profit. So even it if was not the best choice, I have been in worst situations.

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