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$869 sale means you sold between March 2024 and last week. Let’s game this out: 100 shares of NVDA at 453 pared down to just profits from 869 sale would mean h

by abduhl 2y ago

$869 sale means you sold between March 2024 and last week. Let’s game this out: 100 shares of NVDA at 453 pared down to just profits from 869 sale would mean holding about 48 shares and selling 52 shares. After today’s after hours movement your invested profit would be worth about $48k, or about $6300 more than when you cashed out your initial investment ($41712). You take that same $41712 and buy INTC between March and now. If it was bought in March then you’re in for something like $43/share or 970 shares. Intel has been sliding since April and is now at $31. Your profit from NVDA has shrunk by nearly 30%. In the worst case (you bought in March rather than April), you’ve given up near $19k in profit by following your convictions. Your gains have gone from 115% (had you held) to potentially as low as 70%. I guess it’s all house money anyways though, right?

bobo_legos 2y ago
I have a 6 figure profit in NVDA shares right now. Cost basis is something like $100. I have considered selling( or at what price I would sell). The problem I have is what could I possibly buy with that profit? Intel hasn't shown that they have a real plan. The move in META seems to have already happened. I don't trust that Alphabet has any idea what they're doing. I could buy more Microsoft or Amazon shares I guess. I wouldn't throw money at these software stocks like Snowflake or the SNOWs of the world. AAPL might be a play if I have the conviction that Tim Cook has an AI plan in place. In the end I'd probably just take the easy way out and go buy VTSAX and chill.
- throwaway2037 2y ago
  Your last paragraph: I would recommend this instead: VOO-Vanguard S&P 500 ETF
Detrytus 2y ago
You're talking about this with benefit of hindsight. When I was selling at $869 I would not know how it will go. And, as a matter of fact, a week or two after I sold NVDA dipped to $700, although temporarily. So, it's just a matter of personal risk tolerance, I guess.

by abduhl 2y ago

bobo_legos 2y ago

I have a 6 figure profit in NVDA shares right now. Cost basis is something like $100. I have considered selling( or at what price I would sell). The problem I have is what could I possibly buy with that profit? Intel hasn't shown that they have a real plan. The move in META seems to have already happened. I don't trust that Alphabet has any idea what they're doing. I could buy more Microsoft or Amazon shares I guess. I wouldn't throw money at these software stocks like Snowflake or the SNOWs of the world. AAPL might be a play if I have the conviction that Tim Cook has an AI plan in place. In the end I'd probably just take the easy way out and go buy VTSAX and chill.

throwaway2037 2y ago
Your last paragraph: I would recommend this instead: VOO-Vanguard S&P 500 ETF

Detrytus 2y ago

You're talking about this with benefit of hindsight. When I was selling at $869 I would not know how it will go. And, as a matter of fact, a week or two after I sold NVDA dipped to $700, although temporarily. So, it's just a matter of personal risk tolerance, I guess.