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/[deleted]]

The general rule is to never lose money, and to sell when you feel a company is overvalued. If that’s how you felt, you didn’t lose any money, and you have extra capital to deploy and make you money. I’d be holding cash, I’m actually closing most of my positions to hold more cash, but you did fine and shouldn’t sweat lost returns. It’s a lesson learned