I just sold a bunch of shares, about $22,000 worth (which for me is a lot) not because I wanted to trim my position, but because I was trying to move the shares from one account to another (moving it into a tax-free account)
I was planning to immediately re-invest the money back in again via my second account, but I've been wondering if I should just take the profit and stay out for the time being or put it elsewhere.
On the one hand, betting against a company like Microsoft and “waiting for a dip” is rarely a smart move. However, the share growth has been enormous this year to an extent that seems unsustainable and unjustified, I can't shake the feeling that it's being pumped by the current buzzword of AI. Their growth is seemingly showing signs of slowing, though it is still good.
I readily admit I'm not knowledgeable about how to assess “fair valuation” for a company. I am wondering what sentiment here is on Microsoft…
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