Apple (NASDAQ: AAPL), one of the "Magnificent Seven" stocks prized for growth and earnings stability, helped propel the overall stock market back toward all-time highs in 2023.

Apple's performance was rock solid despite higher interest rates and a resulting weakening of global consumer spending. When accounting for reinvested dividends, Apple stock's total return was an incredible 45% in 2023.

Though I favor making small, gradual portfolio changes over time, I decided to sell some Apple stock near the end of 2023. Here's why and where I invested instead.

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Source Fool.com