Wow, Apple is on fire!
It's about time. I think the stock has been way undervalued for a long time. Especially when you see stocks like Amazon, Google, and Tesla skyrocket.
safeinOhio
(34,069 posts)If I had bought their stock with that money, I could now buy a new house and car.
CincyDem
(6,934 posts)packman
(16,296 posts)It rose to around 14$, then dropped to 9$ and I sold all my 20 shares. I cry every time I think about it.
SeattleVet
(5,588 posts)I also had the dividend reinvestment option turned on, so it's accumulated a bit more. Been through several splits since the initial purchase. I sold some shares about 6 or 7 years ago to put a 9kW solar system on the house. My wife also has a ROTH IRA account with AAPL shares bought a long time ago...and in a ROTH those gains are tax-free.
I just checked this morning, and my cost-basis on the initial shares stands at a little over $0.79 cents, and it was selling at around $495, for a little over 65,000% overall gain to date.
Not too shabby!
Don't feel too bad about selling and taking a little profit, though - think about Ronald Wayne.
Ronald Wayne was one of the 3 original Apple founders, and he had a 10% share of the company when the partnership was first created (Jobs and Wozniak each held 45%, and Wayne was to be a tie-breaker). After the initial $15K loan was taken out he got cold feet (all partners are financially liable for things, and he was the only one with a net worth that would make him the target) and he sold his 10% share in the company for $800. He said he doesn't regret the sale, as it was the best thing for him, at the time.
In the early 1990s, Wayne sold the original Apple partnership contract paper, signed in 1976 by Jobs, Wozniak, and himself, for US$500. In 2011, the contract was sold at auction for $1.6 million. Wayne has stated that he regrets that sale.
question everything
(48,797 posts)All of our computers were Apple. Except for the early 80s when we had an Osborne.
Desktop Macs, Macbooks, iPads. Never iPod, nor Apple TV, nor Apple Watch nor iPhone.
But in December 2004 purchased 100 at... around 15, I think. The rest, as they say, is history. Sold some after every split but still own 250.. Always worried about one stock having too much percentage of the portfolio.
Than came the end of the month, July 31st, after we heard that the economy was tanking, I was looking at our holdings and... wow, what was going on? This was when Apple announced a 4:1 split, and a strong quarter. Jumped from 370 to 400.
Will take it..
bif
(23,973 posts)Before the 7:1 split. And I've never thought of selling any of it. It's funny, I got a note from the brokerage firm I deal with telling me they thought my portfolio was too heavily weighted with Apple stock! I'm thinking: Sure, maybe I should sell half of it and put it into GM or some utility!