I believe Apple wants a significant presence in the metaverse, and their VR offering will be a gateway into that for many users.
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AAPL Shares Hit Another All-Time High as Morgan Stanley Raises Apple Price Target to $200
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Since we have a bunch of people in here who follow AAPL (vs just paying attention to Apple), I'm curious - I know they've had a few stock splits(?) over the years... how do those all add up? If you had 1 share of Apple stock, say, the year before Steve Jobs came back, and you just held onto it, how many shares would that be now?
Stocks? This is just a pump and dump ahead of their supply-constrained holiday earnings report.
Crypto yo. Stop fooling around with stocks.
Crypto yo. Stop fooling around with stocks.
Jobs came back in '97. So if you bought a share of AAPL on July 1, 1996, maybe you paid $22 for it. It would have split 2:1, 2:1, 7:1, 4:1. So you would have 112 shares. They'd be worth $19,152 or so today, and that's assuming you didn't reinvest dividends. I'm not doing that math for you
I have 10 years to go before I retire, so I’m eager to see what an Apple Car will do to these shares. Best $$ decision I ever made buying this in 2000. Let that be a lesson to millenials on here. Invest when young, buy and hold. Forget the get rich quick schemes.
There probably should be a fine line between speculation and delusion. I don’t blame media outlets for running what are essentially “Apple hit pieces”, but I would like to see Macrumours members being more discerning over the validity of such news, rather than rushing to do the whole “Apple is doomed” jig time and time again.
I think that at this point, it’s safe to say that the iphone has a solid foundation. Its installed base has been steadily growing year after year (in part due to a thriving gray market), which in turn leads to attractive upgrade trends. Not to mention Huawei essentially being locked out of the US market.
I don’t think people should be getting worked up over supply chain noise (whoever the source).
I have been following a bit some Blender forums advancements on Metal GPU rendering on M1 Pro Max macs and bumped into some 3d model photo capture/scanning apps via new Monterey provided APIs over there.
If on VR the ease of use and outcome are as good and as friendly as that model capturing one then I could believe in it… I didn’t care about 3D model capturing via those expensive photo manipulation applications but now looking at what people have been trying out with basically an OS feature, finder embedded 3D preview display (similar as if it were a PDF file or image), etc now I kinda do care.
Agreed. But advice: do not make investment decisions based on the media/talking heads. Read, online and via other sources , as much as you can. 'Due Diligence' is the lifeblood of ALL investing.
Oh yeah? Well I sold all of MY Apple stock and replaced it with Nokia. Nokia is going to CRUSH Apple! Blackberry is my fallback position.....
Don't have time for this but: The Apple App Store is but a part of the bigger picture....weak hands/ media followers will react to any news/non-news on the 9th. I predict that whatever comes out no-one will be talking about it a year from now. Apple has been doomed since its birth.......
When you retire you will appreciate that it's in a Roth. Ask Peter Theil..(sic?).
Thanks! Wow! The Greek Debt 'end of world' bs just went on....and on...thanks for the memory!!!!
Not gonna swing my sack around bragging about how many shares I have or have had, but I remember thinking the iPod nano was pretty neat and buying a bit of AAPL in my Roth in 2007ish. I was in my 30's then and had started a family, and have had a modest professional career. My daily drivers are Hondas - so this was not a huge nest egg that got invested. In any case, the stock plummeted by like 50% shortly thereafter and I doubled down on it. Never looked back.
This is all obviously USA-specific, but a few stock splits and profit-taking sales later, the most important thing about my anecdote above is that it was all in a Roth. From the beginning. 4800% growth of anything is better tax-free than it is taxed. I can't tell you how much I stress this point to younger investors: If you qualify (are under the income limits), you need to have a Roth IRA and be putting the maximum amount you can into it annually. Period. If you have pre-tax accounts that can be converted, move them into that Roth as you are able to handle paying the accompanying taxes on the "income." As I near retirement (it won't take too many more days of Apple record-breaking like today!) this Roth-centric strategy has saved my life - for now, figuratively, but someday literally perhaps literally as well.
As I understand it, Roth is almost strictly better, and the only reason it's not default when you work for a company that matches your contributions into it is due to weird regulations.
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I agree. The market was up today due to easing covid fears, but really covid was making tech companies boom. Big increase in demand for their products and huge govt stimulus for consumers to pay for it. Even for non-tech companies, greater money supply pumping up the numbers.
AAPL will be fine either way, though.
Someone already said it, but I do think the key to the successes of readings in this thread with those who have a significant amount of shares, are now well into their mid 50’s/60’s, invested when they were young. I think what helps is, if you have the guidance from somebody that knows the market, (Because I suspect the majority of the younger generation doesn’t have an understanding of it, including me until a point). And speaking for myself, being that I am relatively young, it helps to be patient and study the market, or have someone who understands the long term pay off.
My question would be, how much are you allowed to invest into a Roth each year?
My question would be, how much are you allowed to invest into a Roth each year?
A big part of apples mystique has been the old Steve Jobs philosophy of “it just works”. But everything coming out in the last year seems very buggy or of a drop in physical quality.
I don’t see it as a direct leadership decision to cut corners or anything, I see this as a problem with coronavirus and people being more lazy then ever and lack of motivation when everyone is working from home, etc…. Regardless, Apple has to get a handle on this quick and significantly raise the bar back up to where they were a few years ago or market slides will be a common thing for Apple as more investors will stop seeing Apple as bulletproof. These things have a way of snowballing.
I don’t see it as a direct leadership decision to cut corners or anything, I see this as a problem with coronavirus and people being more lazy then ever and lack of motivation when everyone is working from home, etc…. Regardless, Apple has to get a handle on this quick and significantly raise the bar back up to where they were a few years ago or market slides will be a common thing for Apple as more investors will stop seeing Apple as bulletproof. These things have a way of snowballing.
So true. If I was of investing age back when AAPL was $10 I’d be a millionaire too.
(I still did well though. Just not retirement well.)
Unless you are over the income limit, you can invest $6K/$7K into a Roth annually, depending on your age. As you are summarizing, the most important thing is starting early. If you put the $6K into the right investments early enough, eventually you don’t need to worry about investing new money at all because the overall balance has grown so much over the years. Another way of looking at it is, the tax benefit of a Roth isn’t so much about the money you put in. It’s about the earnings which compound over time.
The other way to put money in a Roth regardless of annual limits is direct conversion. The hiccup there is that you pay taxes on the conversion amount as income. Again, the heartache is paying taxes on the investment growth moreso than paying taxes on the original investment - only because the earnings are multiples of the original deposit(s). I keep hearing that legislation restricting these “backdoor” conversions is being drafted, so there may eventually be a real sense of urgency to this.
I bought my Apple shares in late 1997 or early 1998 for less than $13/share. Steve Jobs had just come back to Apple. Rumors were that Sony was going to buy Apple. I figure that the Apple brand would never die due to the cult following. Rather than buying a new Mac, I put that money into the stock. Today, I still hold those shares and their value is several million. I always called it the gambling money and never plan on it for retirement. I plan to give the account to my kids when I am gone, and they can then cash out on it. If I sell it today, I would have to give up 1/3 of it in taxes, which I can't stomach.
I have a buddy who doesn't qualify for the ROTH tax break due to the income limit. Their company doesn't offer a retirement plan either. Backdoor ROTH seems to be the only option for a proper tax-free retirement plan but do you happen to have any further suggestions? I've tried researching this for my own knowledge and purposes but can't seem to find any reasonable solutions except for marrying rich.
Well they're doing great things. Sometimes I forget how 'magical' things are when they work - AirDrop, AirDisplay via iPad, Universal copy/paste and eventually UControl, AirPods pairing, unlock with Watch, the list goes on.
Of course the hardware is also great for most part, and I think the M-series of chips are creating a somewhat renaissance period for the Mac. Can't wait to see what's in store.
Of course the hardware is also great for most part, and I think the M-series of chips are creating a somewhat renaissance period for the Mac. Can't wait to see what's in store.
I’ll be honest and say I am not very knowledgeable on paths outside my own because they were never relevant to me.
That said, one could attack this by manipulating their income vs. the limit - i.e. get married and change filing status, itemize deductions, etc. If none of that is on the table, there might be other ways to get under the limit (depending on how close you are), but ultimately the backdoor Roth might be the only thing they can do.
When you go the backdoor Roth route and start converting funds into it, there is definitely some tax strategy to employ, such as “converting just enough to keep you from jumping into another tax bracket” and so on. That really takes a comprehensive analysis for any given tax year, but it’s advisable if we are talking big conversions.