i own 300 shares of google. should i sell. i would make about $9 a share?

Answer 1

That is the problem that many investors face. Should I sell with a 10 point profit? It is a bitter pill to swallow if the stock desides to drop 10 points. Even more bitter if it desides to drop 20, 30, or 50. Not beyond the relm of possibility.

Then there is the other side of the coin. There were those folks that locked in a 10 point gain in MSFT back in the early 90's and gave up 300 points in the process. Talk about bitter pills. I have swallowed a few of those. They taste terrible.

Sort of damned if you do and damned if you don't. Heck, I have no idea whether you should sell or not.

Here are your considerations.

1. tax consequences
2. what plans for the proceeds if you do sell
3. Do you think the economy is in ok shape or do you think it is going to tank?

One last observation $9 a share on Google is sort of a drop in the bucket.

Answer 2

You own $138,600 in Google stock? Wow.

My only suggestion is that, unless you are really, massively wealthy, you might want to diversify your portfolio. Google is a great company but its also a very expensive company and if it stumbles its price could come down a lot.

Also in the grand scheme of things a $9 gain on a $450 asset is not all that spectacular. If you buy or sell every time a stock fluctuates you'll trade a lot (commissions add up) and have to pay a lot in taxes. Over the long term you'll do better if you trade sparingly.

Answer 3

A $9 profit per share sounds good, but if you don't need the money, just hang onto it. If you've had it less than one year, the capital gains tax will eat up a lot of that profit.

If you hold any investment for at least one year and one day before you sell, it becomes a long-term capital gain and is taxed at a lower rate.

So, only you can effectively answer your question. Look at how badly you need the money from the sale, the tax consequences of selling now, and what the trends are. That same stock may increase in value, if you know which way the trend is going.

Answer 4

I'd hang on a bit, as it took a bit of a drop from $500 a share to about $445, and as I write this I see it's rebounded to $462. though sometimes deciding whether or not to sell can be a hard call to make........ like one of my UK shares before the markets started plummeting in the past few weeks was worth £18 before the most recent dive (not bad, considering I originally bought it for £5 through the UK version of SHAREBUILDER)...... and I was thinking "oh cr*p, should I sell or should I hold?" when I saw it had gone down to being worth £16 and about 225%(?) in profit. In the end I held my nerve and it's been shooting up like a cat with a scalded a*s this past week or so (now worth about £19, and shot up from being a mere 245% in profit to 283%.... at one point it had gone up to being 295% in profit before falling back a bit on Tuesday afternoon).

So, I'd perhaps hold on until it hits $500 a share again (I've noticed it's done this before), then sell 150 shares and perhaps stick the money from that on Bolt Technology (BTJ)
http://quote.fool.com/summary.aspx?s=BTJ&tks=BTJ

Answer 5

I’m a trader and I will let you the oldest saying in the trading business is, “let your winners ride and cut your losers” consider putting a stop in a few bucks below the current price. GOOG is a very volatile stock, and the chart doesn’t show anything obvious. Just put that stop order in so your $9 profit doesn’t turn into a $10 loss… and adjust the stop as the price goes in your favor...Good luck!

Answer 6

Patience is the key.

I know its very tempting but try to hold to off because Google has a promising future and is still growing I think if you wait you could gain even more from it..... Unless you need the money urgently for something I would hold off never know that extra money you could be getting by waiting could prove useful later in life just don't wait to long...but wait.....

Answer 7

9 dollars a share is nothing on a 460 dollar stock. I would sell it if not just to free up some cash.

Answer 8

no u should keep it until google becomes even more money. or u could sell half of them then just keep the rest

Answer 9

if it has gone up since u bought it, then u might consider selling. i would consider holding on to it for a little while longer or at least until you see some drastic changes

Answer 10

NO not yet.do you have more money or that`s you only money.
but think frist,
how much did you pay?
are you making a profit?
can you e-mail me and tell me whould to buy [e-mail]