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DFW

(58,357 posts)
6. Spectator sport for me, though it was happier spectating a week ago
Fri Apr 4, 2025, 03:49 AM
Apr 4

I bought some stock in 1998 and have hardly touched it since. I received “expert advice” from a major broker to ditch what had become of 500 shares of Apple bought in 1998 at $38. Following their expert advice cost me about $2 million (if I had not sold), so since then, I just watch. I no longer buy or sell. What I have left, I bought so long ago, that if I sold today, 90% of the sale would be gains and subject to a big tax bill. It’s not enough to buy a fancy Italian race car (don’t care anyway), a McMansion in a fancy neighborhood (don’t care anyway), or a small yacht (don’t care anyway), so it’s just paper. Numbers on a screen. I’ll just have to wait for the next Democratic president or die trying. I’d rather the tax bill be paid to President Buttigieg than to president Musk.

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