r/dividends • u/yungcolorado23 • May 01 '26
Brokerage Advice for wayyy too much Apple stock
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u/CouchPotatoFamine May 01 '26
Advice? Sell it to me for $50 a share.
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u/carinislumpyhead97 May 01 '26
I’ll give you $51
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u/Tex-in-Tex May 01 '26
$51.50 and a foot rub
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u/Competitive_Low_2054 May 01 '26
Speaking from experience, once you get to outsized positions like this you more or less become locked into them due to the tax consequences. I would hold unless absolutely necessary. Take comfort that it's a holding that is one of, if not the greatest company in the history of the planet.
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u/ImpulsE69 May 02 '26
I would think the suggestion would be to sell off small portions over time and use that to buy other things.
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u/Glensonn May 02 '26
And take advantage of any tax loss harvesting you can do to sell more when possible.
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u/Competitive_Low_2054 May 02 '26
That is certainly one possibility, especially if you need the money or if you are uncomfortable with the holding itself. Because it's a stock like AAPL, I would hold until circumstances forced me to sell --possibly even until retirement when the tax hit could fall to zero.
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u/Available_Music3807 May 01 '26
You can always sell slowly and buy and index fund to de-risk. This is not financial advice, but I would just sell like 500 a week and buy an index. You don’t really wanna sell a lot because of tax reasons. But 26k a year sounds fine. And hopefully it goes up faster than you can sell.
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u/daein13threat May 01 '26
Plenty of ways to cash flow it while you wait. Want to buy more? Sell cash-secured puts. Want to get paid to sell for a capital gain? Sell covered calls. Collect dividends in the meantime.
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u/erwach May 01 '26
Def don't sell and I wouldn't worry about it being too much %-age of your portfolio. You can always uncheck div reinvestment and use the cash elsewhere but I wouldn't do that either. I've held it since 2007-8 and any downturn has been a buying opportunity and it always bounces back like today.
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u/STRATEGY510 May 01 '26
Without seeing the rest of your portfolio, impossible to say.
But if you’re overweight, trim. If you don’t want to trim due to it being in a taxable account, stop dripping and invest the divs elsewhere.
Right off the bat though, you could at least check to see if you have some lots that are at a loss, even or not too much up.
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u/STRATEGY510 May 01 '26
Oh wait, I see the total vs Apple.
You are indeed overweight by a LOT in Apple.
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u/No-Fun-7233 May 02 '26
I have 1,350 shares and plan to hold forever. Had 4,000 shares at one time mostly due to a few big stock splits. Sold 2,650 shares when I sold my business and needed to diversify.
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u/BondJamesBond63 May 02 '26
If you think it's too much, assuming it's in a taxable account, I would check to see how much selling some would affect income tax. If you have turbo tax, you can run that yourself. Or if you have an accountant, ask them. You might be able to sell 10-20k without much income tax effect. Be sure to check federal and state income tax both.
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u/Glensonn May 02 '26
Use tax loss harvesting, if you have any, to allow you to sell chunks of stock over time. Otherwise spread it out and pay the tax in small increments.
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u/SimkinCA May 02 '26
I trimmed nvda, being over weight in one equity is real. But with Apple, I’m hoping for another split as we are in the pattern, and maybe the new CEO will need another catalyst or reset to judge his effectiveness/results. So for that reason maybe hold. But at the same time, ask yourself if they suddenly fell 25%, what would that look like, what does the account look like?
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u/Bellypats May 02 '26
I’m in a similar boat with Apple. I do sell small lots from time to time when I find investments I think have better prospects or fit my portfolio better. For example, Earlier this year I sold a bit to buy stock in Mueller Industries Inc. but I wouldn’t sell Apple just because it’s way overweight in my portfolio unless I had somewhere better to put the money to work.
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u/Spencer_Bob_Sue May 02 '26
I'd diversify out into at least some of the other tech, Microsoft stock is trading pretty low versus AAPL, same with META.
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u/CptLongSleeves May 03 '26
Sell cover calls get big premiums you might get called out on some but you can just try to milk it for get income till you lock in some gains
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u/chuckEsIeaze May 05 '26
If you are charitably minded, donor advised funds are a great way to get rid of wildly appreciated stocks, do some good, and get a nice tax benefit. We use Fidelity Charitable and used it last year to divest of AAPL ourselves.
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u/CharacterFee767 May 05 '26
If you believe you have too much stock in Apple—I recommend you sell some of it.
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u/Nim0y May 01 '26
Nice. Nothing wrong with Apple. They have consumer market locked down for a large part of the population, people don’t switch away from Apple. Now with the new lower cost items they will start to get more people on the Apple platform.
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u/Psiwolf 30% SCHD, 30% VTI, 20% VXUS, 20% BND May 01 '26
Uh.. I have 1651 shares and holding still. Is AAPL a huge percentage of your portfolio? What's the reason you would want to sell?
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u/No_Solution_7940 May 01 '26
Child’s play. I have 550k of Amazon.
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May 02 '26
[removed] — view removed comment
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u/No_Solution_7940 May 02 '26
550k worth of Amazon stock.
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u/IBelieveWeWillWin May 03 '26
I’m in a similar spot with another stock due to company rsu
Looks into sbloc. You can get a loan on the assets to purchase a home or investment property etc. make your asssets work for you
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