Why I Just Sold Half of My Apple Shares
It's no secret that Apple (NASDAQ: AAPL) was one of the best investments of the 2010s. The company was key in evangelizing the smartphone and was a leader in the decade that will become known for the rise of consumer mobility.
But my investment thesis is changing, and Apple stock recently reclaiming all-time highs seemed like the right time to rebalance accordingly. Now that the smartphone is all but ubiquitous, the next decade will be marked by a rapid rise in services that mobility supports -- rather than the hardware itself. Thus, I sold half of my shares to free up some cash to invest elsewhere. Apple is still a core position (2% of my portfolio, excluding the Apple component in a couple of Vanguard ETFs I own, which bumps the total to about 5%), but for investors looking for growth stocks (versus the value stock Apple has become), I think there are better options.
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Source Fool.com
