Sell Adobe due to downward trend, AI disruption risk, and superior alternative investment opportunities.
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As always, I included the option to keep everything, but with 23% of the votes, you actually chose to officially get rid of Adobe stock, which, as you can see, was actually our worst performing stock with a decline of approximately 35% .
However, because the position was very small, the sale was worth approximately $33 with a loss of only $17 . So, as you know, the loss we incurred in that position was less than $20.
It's not really that big of a deal, and we can even take advantage of that quickly to reduce taxes on capital losses. In addition, by exiting now , we may have actually stopped the bleeding because this stock, as you know, has been trending downwards more and more over time.
I still believe they will recover in the future. This is my personal opinion, and what my intuition tells me, but I think it can also be said that there are better stock opportunities right now in which we can reinvest that money instead.
I mean, there are a lot of amazing stocks that are falling hard right now that I really like, and many of them excite me much more than Adobe in terms of future potential . As you know, Adobe also faces a lot of disruption due to artificial intelligence in the long term, which I think adds some risks to it.
At least perhaps a little uncertainty. Therefore, I am mostly in favor of selling this position here. If it were up to me, I probably would have kept it, but I also agree to respect your vote, and this actually saved over $30 in cash that we can now invest in something else we love more.
What this channel has said about $ADBE
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