Would love to buy apple stock Where to start

I used to use etrade, but a Canadian bank bought out the Canadian version. I think there is still a etrade in the states.

I'm no expert, but I wouldn't buy Apple right now. Sure, it's a great company, but trading at all time high right now, it's not worth it.

Just remember buy low, sell high and don't put all your eggs into one basket.

I was just thinking this same thing. It sucks that it takes money to make money when you don't start off with much in the first place

Lloyd Christmas said:

I realize its a terrible time to buy since it just went up close to 10 dollars today. But as Forrest Gump says, Sh*t happens. I was thinking of this as a long term investment. Would love to see a return on it obviously, but time is on my side, I dont see it going down considerably. Does etrade charge you any money for just sitting on the stock.

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It was $20/trade, nothing else, I don't know about now. It's one of the cheapest ones out there. Most Canadian banks charge over $30 for online trades.

Should have bought it when it was trading at $80/share like someone I know.

Ok well E-Trade is now Scotia iTrade in Canada.

Trades are $19.99 for stocks... you have to pay that when you buy AND sell a stock.

Questtrade is also pretty cheap I've seen but not as reliable apparently.

Personally I use Scotia iTrade.

As someone said, Apple stock is pretty high right now. I would wait until it takes a dip before buying into it. Think about if you bought it now and it dropped to $120 or so like it did earlier. Gotta have patience with these things. What if something happened to Steve Jobs? There goes your money!

Lloyd Christmas said:

Ouch that stung. I would have bought it at 80/share but the funds were low at that time.

Its so hard to tell when its going to go down. Ive been watching it lately and it seems to only move down a few dollars here and there, nothing to considerable, i think. Ill look into the etrade and see if they are different from canada and us. i doubt it but ill find out. how could you say anything happening to steve jobs. if something did happen to him, apple stock and the company will lose major money. I was thinking with the holiday shopping season to start, it was only going to improve the stock. I for one already plan on buying a 24 ACD as well as another macbook pro for my father. The stock market is so hard to understand, why cant it be easy Lloyd

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Because of Steve Jobs became ill again or passed away then the stock price would drop significantly since a lot of people see Steve Jobs as the reason for Apple's success and growth.

If investing was easy, everybody would be doing it, and everybody would be broke. Minimize your risks.

Generally stock prices account for events 1 to 2 months in the future. That is, people know that holiday shopping is going to be making a lot of money for Apple. The stock price probably already reflects that. Same reason why when Apple comes up with a rumoured product the price could increase, but when the product actually comes out, the price may drop because people are disappointed etc etc.

Buy on rumours, sell on news.

If you don't need all the tools, use a discount broker like sharebuilder or scottrade.

How many shares are you looking to purchase. Personally, if its only a few, I would hold off. Right now, its just shy of $200. If you buy 2 shares, thats $400. Plus the fee, its about 415-420ish. Now this stock is at its high, so moving up will most likely be slower right now, especially considering Apple is a fairly stable company.

The 1 year estimate (doesn't mean much) is at $206. So, lets just say by the end of the year, it reaches 210. 210x2=420. You didn't even make money. If you chose to sell, then you will actually lose money with the fees.

My non-expert recommendation: Buy their supplier's stock. What you should do is make a giant web with apple in the middle and just follow their supply chain outwards. The further out you go, the better return (also higher risk). Look for the small companies that just signed agreements with apple or something. These are the guys you can make a killing on. You buy a suppliers stock for $5-10 and they may shoot up to $10-15. Thats up to a 100% gain.

And you said you were looking for long term, I'm guessing more than 5 years. If this is the case, I would be questionable of apple. Sure, its a great company and all, but growth is limited the bigger you get. Hell, they don't even pay dividends, which many people look for in long term investments.

However, if you really want to buy this stock, great. Just don't buy it when its this high. Let it settle back down.

Wait for it to drop a tad...It's rather inflated currently.

Like someone else pointed out if its at 200 dollars a share even if it goes up a bit you aren't making much.

Unless you have 25k+ to invest I wouldn't even bother.