Tech Stocks Are Crashing - is Now the Time to Sell?

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Hello everyone, I am Daniel Pronk and in today's video, we discuss the market rotating capital out of tech and into other sectors, and what I am thinking about my Google and Amazon positions now.

Disclaimer: Before we dive into this discussion, I want to make it clear that I am not a financial advisor, and nothing I say is intended to be a recommendation to buy or sell any financial instrument. All trading and investing activities must comply with the regulations set forth by the Securities and Exchange Commission (SEC). I will never ask you to send me money to trade for you, and if you come across any suspicious emails or fake social media profiles claiming to be me, please report them immediately. Additionally, it's important to remember that there are no guarantees or certainties in trading or investing, and you should never invest money that you can't afford to lose. While my videos may contain affiliate links or sponsorship to products I believe will add value to your life, it's crucial to conduct your own research before making any financial decisions.

[danielpronk]

Hey everyone, I am making more of an effort to clean up my comments, manually delete all the spam, and respond to your comments as well!
I know for myself, I love reading comments and getting other people's perspectives. And I'd love to foster more of that on my own channel.
Please let me know if you appreciate this by leaving a like on this comment (and the video) :)

[roberttaylor]

Stocks are overpriced. that's the main issue. I won't long term hold until we drop to a normal level of P/E. but I'd also like to appreciate short-term opportunities that could fetch $200, 000

[bigboy]

my worst decisions have been sell decisions

[ktara]

Why sell and pay taxes on the profits. These companies are keepers for ever .

[TheDominicankid]

I had the same idea with nvidia . And decided to sell . I doubled my money but lost that big run from 400-to 1000k .

[azzakean]

Buffet says, find great companies and do nothing. Bill Ackman is super bullish on Google as well.

[carminemg]

How about holding Google and just adding Amazon? (If you have the cash available of course)

[Saxafruge]

It's not timing the market, it's participating in a clear market rotation. I missed the last market rotation but this one I nailed, :)

[garysymons]

lets be clear about Daniels argument, which is sell Google, buy Amazon, he is not saying sell Google and stay out of the market ., you must do both sell G and buy Amz

[flowtech]

What i do at times is - trim the profit portion of the position and leave the principal investment run..If its a good company like google and the principal portion dips over time then i will just dca it on the dip ..The trimmed profit will go towards another position.. Have had great luck doing it this way in many cases..

[AshtonVsMarket]

At a glance it's expensive but the quality of their capex investments should be studied. Management said capex would be higher in the coming quarters, and they would be investing in infrastructure and AI projects. This is the right move IMO.

[RokOD]

I started watching your videos recently and you taught me a great deal. I love the quality of your videos and, more importantly, the quality of your assessments. Thank you for your efforts and have a great day my friend.

P.S. The fact that you respond to the comments you get shows a great deal of motivation you have to your channel. Not sure if it's you or an editor or someone else, but the personal touch is nice regardless.

[Chris-ewmh]

Last time I sold some google at a low I bought more META which actually performed worse after that rotation so sometimes you get it wrong.

[zharon]

I think google might be a hold right now or if you have convection a little buy, but I don’t think it’s a sell unless you’re overweight on it or you have a stronger convection on something else.

[augustoliver]

What is your take on SearchGPT affecting GOOG? Thanks

[JuanBattaglia]

'Selling (or holding) a good business while it's multiples are expanding due to rising price' = In my opinion, the most difficult thing in investing.

[SilverDog-zlwm]

This week I sold some stocks that weren’t moving to buy more AMZN after the dip

[PhilipGabrych]

Trim and maintain your allocation is probably the best option, in hindsight its always been a mistake to sell tech/growth over the long-run, e.g. like selling META at $180 after a double-up. My average for Google is under $100 but ive slowly trimmed keeping it around 6-7% of my portfolio.

[marianosada]

Hey, did you do this video live? How often do you guys do it and where can I see the full video?

[fitzzoe]

Bought AMZON at 95 and I’m not ready to sell anytime soon.