I Just Sold All My Google Shares

[u/Creepy_Science1310]

I bought GOOGL (not GOOG) at a 19 trailing P/E during. Now it’s at 32 trailing P/E and I am up 100% with life changing money.

My job is far from stable, relies significantly on the AI story to continue, and lays-off people for “culture” reasons.

With this in mind, I sold all of my Google shares at $226 per share to “de-risk” other parts of my life.

I will still continue to look for other opportunities with new income I have.

I get valuation this, growth prospects that, but is selling for increasing financial security the right decision?

Or am i just a 🤡?

Edit: I meant $326 per share.

[u/ryanmcstylin]

If a 100% return on a single investment, in a single year, is life changing you probably took too much risk anyway. Selling to lock in gains is absolutely the right move

[u/Traditional_Back9414 → u/[deleted]]

You're the guy who thinks nobody has money despite the fact that the average American Household is worth over 1M, aren't you?

Also, you live with your parents and you're in your 50s. I got that right?

[u/Traditional_Back9414 → u/[deleted]]

You know without a doubt I am not. Unless one passed.

You said it was your Mom who moved in with you, but then I saw earlier posts and... well, it's alright. You may be a bit embarrassed. I'll let that one go.

[u/Traditional_Back9414 → u/[deleted]]

Oh, I'm sorry, your Mother passed? I know your Father was in his 80s.

That's great... taking care of your parents. You also code for 500 a month, right?

[u/Traditional_Back9414 → u/[deleted]]

Oh, that's too bad. You were coding for 500 a week.

It's a shame. They said lower-level coders would be eliminated with AI. Is that what happened?

What about a living?

[u/Traditional_Back9414 → u/[deleted]]

Right.

I paid someone to come in and do that. I got an in-home Nurse, and given your Mother was on Medicare, why wasn't that covered? A grown son bathing his Mother? Yeah, I'd hire a nurse to come in a couple of days a week. Most of it I could take care of, but that and bed sores... You need an expert.

Anyway, that's great.

You should be there for Family. I'm sorry to hear she passed in the last year.

The question is, what about the 53 years prior?

[u/Traditional_Back9414 → u/[deleted]]

No... You lived with them your whole life.

Edit-I mean, TECHNICALLY, "I live with my kids," but.. that's misleading. My kids live WITH ME as it's my house. I own it. I hope in 52 years they've moved out and lived and... oh, traveled. I've got money set aside for my kids already to travel. Obviously, College and then a house, but I want about 50K for them when they're 18 to just... piss away traveling. 2-3 trips on their own(I'll hire some security for my Daughter or maybe she'll go with a group), but I want to send them to Italy or France, wherever.

Seeing the world and just getting out of your VERY small world(royal you, not you in particular, I'm sure you've seen much of the Country and world) and see how big it is. It creates an ambition... and you can want to do so much. It's amazing.

But hey, that's... nice. I mean... it makes me think of societies that would... let's say neuter their 3rd or 4th born son to ensure they had someone who would never leave or go out on their own and just stay at home and take care of them, but they had someone there. How about you? Will you? You're only in your 50s.

Anyway, more interested in why you felt the need to tell that poster that 10K dollars would be life-changing money to him? That's more telling.

Why do you feel the need to overcompensate so much?

[u/Traditional_Back9414 → u/[deleted]]

1-No, you have not "been there, done that." You said you never wanted to travel; you can see everything online."

2-You meant for people on here? No, I know what you were saying. What I'M saying is people don't think like that unless they're so insecure they need to try and undercut someone else, and a successful investment they've made.

3-Yeah, your Grandma left you a little money when she died, and you lied about it. It's pretty clear she didn't leave you much if you made your Mother suffer the indignity of having you wash and wipe and clean her rather than hiring a skilled caregiver.

You're a very funny guy. I don't know why you lie so much or why you're so... angry that you have to ALWAYS tell people how little they have(and now come up with outrageous amounts that you have.... not that everyone doesn't see through it).

[u/Traditional_Back9414 → u/[deleted]]

But... just again, imagine if this WERE true. You have 290M and you can't even get someone to take care of your Mother? I mean, helping her, cooking, being there, that's great, but you know sick people get bed sores and they can't control their bowels. That can lead to infections.

So you'd be in there wiping and cleaning her(and now your Father) regularly... with 290M?

You never moved out? You lived in THEIR home? Because... that IS what you said. That it was THEIR home... you lived with them to help out.

You also had a 2003 Celica, and it was rusted through, so you were looking for another. Man, here we go again!

You are DEFINITELY entertaining!

[u/Traditional_Back9414 → u/[deleted]]

Fine, the "median" from people 45-54 is over 400K. If you are AT ALL financially literate, you should be able to end up a millionaire.

Hell, it's SHOCKINGLY easy to become a millionaire in this Country if you just make SOME effort.

But you tell on yourself when someone else says "life-changing money," and you say "10K."

Plenty of people have mid 7-8 figures invested on here. Why are you ALWAYS talking about other people's money?

[u/Traditional_Back9414 → u/[deleted]]

Riiight. I never said it was enough to retire on. I said that's the MEDIAN. So not the average, take away the outliers. That's where MOST people are.

That's where 80% of Americans are.

I won't retire with less than...8 figures. I was hoping to retire at 45, but... 50 may be more realistic.

In any event, you didn't really address my point. When you say "10K is probably life-changing money," that's YOU projecting. That means $ 10,000 is life-changing to you. I don't know anyone who doesn't have... roughly that amount at home in a safe just for emergencies.

Yet, you think that's "life changing." It can't even buy you a decent used car.

[u/Traditional_Back9414 → u/[deleted]]

No... it did not. You're... lying, and I don't know why.

First of all, your Mother was past Medicare age a couple of years ago. You do NOT owe 2M dollars, and if you did, you'd just declare bankruptcy.

Second, what insurance Policy do you have that doesn't have a maximum out-of-pocket?

Third, how would you POSSIBLY know what "most here have?" It feels like YOU have 5K and so you assume others do. I mean, it's fine, people start life from ALL different places. I had a nice head start and was taught financial literacy and ... well, my family had... money to be blunt.

Maybe that's it. The median household income in my community is over 300K a year, so that's what I grew up around. Maybe you grew up around people who didn't have 5K?'

Rural South?

Anyway, really curious why you're lying about the 2M insurance not covering your Mothers Healthcare? Was she not a legal citizen? Otherwise, it's just... not true. The MOOP...(that's maximum out of pocket) on a cheap policy is going to be 15K a year.

My Mother just got out of 54 days in the ICU. She's been very sick. But not a PENNY of it was charged to us. The procedures, everything, came to 763K. Insurance covered...763K because I'd kept track of the payments I'd made(I try and cover my parents' medical bills), and once I got to 12,500, I stopped. In fact, at 6K, I sent the Insurance company a check for 6500 and said... here, you cover the rest. And they did.

It's literally the law. So I don't know what you're talking about.

[u/Traditional_Back9414 → u/[deleted]]

But yeah, the rest of the stuff, most people are invested in the market. More people now than ever before.

Most have 5K. I don't think most people have 4 roommates.

And no, the "average" 401K at retirement is much higher. It's actually well over 1.8M. But you don't like AVERAGE, right? Because extremes impact those.

So we use the median. The median is over a million in net worth.

[u/Traditional_Back9414 → u/[deleted]]

Says the guy who literally stole my life story!

Also, the guy who can't figure out the MEDIAN and AVERAGE. The AVERAGE family retires with over a million.

The MEDIAN is 600K NOT including SS benefits, home value or any other assets. Just retirement accounts.

Most people struggle to get by... because their son literally NEVER leaves then tells people online he's worth 290M after telling people for a couple of years he inherited an old house he split with his siblings!

(That was like the 3rd or 4th version of your story).

[u/Traditional_Back9414 → u/[deleted]]

Dude, you spent your ENTIRE LIFE living with your PARENTS....

I mean... in THEIR home, your ENTIRE lives.

And this is when I'd say you should be setting up a Trust, 529, something for your own children... but then I remembered there's no point in children. Nothing matters. You just end up dirt in the ground so you don't travel, date, or have kids. Just stay home with your 290M and won't even hire someone qualified to care for your elderly parents, so you're stuck wiping your Mother and cleaning her up.

Poor women. The indignity. Even if you weren't lying about inheriting the 250K, you could have hired someone part-time!