Loading ...An Apple a Day
Interesting Chart.
In 2004 AAPL was languishing at $1 and had been for the last 4 years .
It had gone from $1 to $5 during the tech mania back in 2000.
I recently met a guy ( a patient of mine) who says he held on to it all thru the mania and after… 10,000 shares …and he has held on thru thick and thin….he was just here today and I asked if he still is in AAPL.
His account is with a broker…and the broker has never advised him to sell…he always does what his broker says
Well apparently the broker sold his shares last week …near $160….
so do the math…$10,000 has now become 1.6 Million.
sheesh
was thinking last nite about home prices. The generation behind me bought in the 40k range, today it is + 400k, next gen be paying 4 million? I suppose so with inflation that the charts show, therefore it don’t seem unreasonable for Apple to hit $1500, its’ a staple that we cannot live without and a must have product also. Many people starve before giving the damn thing up!
Should have been trading only one stock–AAPL…
I never looked at a LT Apple Chart…amazing the .com bubble is a tiny blip on this chart…
!!
Well what do you think Novo is going to do? And in less time
A true lesson in buy and hold.
That 50% drop (20 to 10)in Apple from 2008-2009 would have hurt.
My father in law is a friend of an old timer that I’ve talked to at coffee in small town Nebraska that has 10 shares of BRK.A, he may actually have more than 10 shares. He’s had from the 60’s. Its worth about $2.8M. His kids what him to sell it so he will give them some early inheritance..
Let’s just say he bought in 1965 like this article.
http://www.businessinsider.com/guess-how-much-berkshire-hathaway-stock-has-soared-since-1965-2012-2
From a member’s email
Wow
I held about 500k$ in aapl when 911 happened. I sold which I would never had done. I learnt how 911 was an inside job, which shattered my world view. I slowly got into gold. Never got back into aapl as it was against my rules and I lost my belief in the system.
Just multiply that to today. ??
You can retell it, but don’t use my name