re: google stock

I like both stocks....

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I think that IBM is a dated stock going nowhere

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While their stock price has suffered lately, I don't agree with this.

IBM must constantly adapt which is why they have not been growing revenue. They are getting out of commoditized chip businesses and focusing on the services business which is in high demand. The whole Internet of things trend will play in their favor.
They also have constantly raised the dividend and bought back stock over the years. It's a long term hold stock. Now is when you buy more not sell...disclaimer (I own IBM stock, do business with google and sell software as a service for non competing companies)

If you would end up with a tax bill making the trade that you can't offset I definitely would not do it.

And I'm sure that your "hell yeah" was greatly appreciated.

Other than his age and the approximate value of his IBM, nothing else is known about the OP. How much savings? How big of a pension and 401k? Blanket statements are worth not much more than the air used to spout them. And anyone who doesn't understand the value of diversification, especially as one nears retirement age, probably should keep his advice to himself.

Calm down, not everyone is out to get you.

quote:

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Little irritated with this board's obsession with every minute detail of someone's finances no matter what the topic is on most of these threads. That's all.

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No offense... but what? People come to this board and ask for advice. If you want to get solid financial advice from people here (there are some smart people here) then it is important that the whole picture is portrayed. If he has $50,000 in IBM and that is all his stock exposure, that is important to know because he'd better diversify especially being that close to retirement age.

If, on the other hand, he has $2,000,000 in the market that is all well diversified and he's just trying to determine what to do with ~2.5% of his portfolio the answer is going to be different. I get that you're saying "no matter what the topic" but saying that in this thread is silly because these details about his finances are pretty important in this instance.

I'd say this is a good place to discuss these things because of the anonymous nature of the site. He's probably not going to go to his buddies and ask advice and be willing to give them completely honest information on his finances. Nobody here knows who he is or really gives a shite about his financial information for any reason other than an attempt to provide him with helpful advice.

And finally, saying idiotic things is not protected just because you're "not the person in this thread who doesn't know what he's talking about". Your statement is just as wrong regardless of whether Rebel OP drunkenly doesn't understand what makes a stock expense vs. inexpensive.

This, this and this some more. ^^^

If all someone wants is a simplistic, Mad Money style, up or down vote on a stock, then that's fine. But given what the OP offered about himself, of course it was prudent to include disclaimers related to age and diversification.

The most common answer given by my old Money and Banking professor, when a student wanted a simple answer: "It depends."

By the way, no offense intended Big Saint. I sometimes come off as more harsh than I intend.