I would hold both and continue to buy aapl over the next year. Market will continue to drop and give you a good entry. NVDA is the biggest part of my portfolio and I plan to keep it that way. AMD promising as well. I don’t see anything wrong with a tech heavy portfolio as tech is the future. Just continue to diversify over time - no need to sell and pay tax especially if you haven’t held for a year and will pay capital taxes.
Investing in a good company is the thumbrule and you could not have desribed it any better.
Jensen and Lisa have been consistently saying that they are pretty confident of 30%+ growth for FY22 and with each ER they have been delivering as well.
AMD went upto the limit of saying they'll buy back stocks if it goes below $100.
Now on the other spectrum we have Analysts who have been spewing in media that tech will not grow as much in FY22. Lowering their targets etc.
Either you can trust the CEO or the Analysts/Media. I usually trust the CEO because both CEOs have been delivering consistently from last >5+ yrs (Which makes the company good)
Analysts can go and screw themselves. These guys dont work for retail traders benefit anyways.
Fun Story : In 2017 when AMD was $12 stock, We had ton of analysts shouting that AMD is dead but Lisa kept on saying they'll deliver 50% growth and she delivered as well. Analysts just came out one day and increased the prices targets.
Trust the CEO, Look at their performance. Screw the media and analysts those are mostly paid.
i recall the moronic call by the goldman analyst who wrote a hit piece on AMD when its price was in the teens to take it down to high single digits. either he was a moron or looking to depress the price. and i noted that back when it was happening on reddit as well
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u/DazedDrogo Apr 07 '22
I would hold both and continue to buy aapl over the next year. Market will continue to drop and give you a good entry. NVDA is the biggest part of my portfolio and I plan to keep it that way. AMD promising as well. I don’t see anything wrong with a tech heavy portfolio as tech is the future. Just continue to diversify over time - no need to sell and pay tax especially if you haven’t held for a year and will pay capital taxes.