Looks like $3 Trillion is approaching. Good luck to Apple. Always good to have some Apple shares.
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AAPL Shares Hit Another All-Time High as Morgan Stanley Raises Apple Price Target to $200
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First a disclosure: I love the company's products and believe they're better positioned to make tech advancements than 99.99% of the companies out there.
The stock is currently trading at 30 P/E at a 2% YoY growth forecast for next year. Never in the last 15 or so years has Apple faced such small growth prospects. Just yesterday 900K weekly calls were traded. There's a whole lot of $AAPL YOLOing going on in the twitterverse and on Reddit forums. This is not your typical "fund managers need to put their cash somewhere" run-up. I really hope the success story continues, but it certainly has a lot of froth to it.
The stock is currently trading at 30 P/E at a 2% YoY growth forecast for next year. Never in the last 15 or so years has Apple faced such small growth prospects. Just yesterday 900K weekly calls were traded. There's a whole lot of $AAPL YOLOing going on in the twitterverse and on Reddit forums. This is not your typical "fund managers need to put their cash somewhere" run-up. I really hope the success story continues, but it certainly has a lot of froth to it.
Agree in many cases, but I am fortunate to have a spouse with a well-performing 401k and Roth and regular IRAs. One issue we will likely run in to is the required distributions as we get older, so first we will fund accounts for the kids then fund a number of charities annually. Somewhere along the line, though, we will take the tax hit for sure. But by then we will have covered all bases that are important to us. I am grateful and blessed to have followed my instinct on this. It was a good chunk of money back then, and not a frivolous investment, and we gnawed our fingers about it more than a few times along the way.
Definitely frothy, but nothing like Tesla, imo.
The big unknown of potential for Apple and many other tech companies is what their place in the metaverse will be — and how big the metaverse will actually become. Will it be like the internet in the 90s? This unknown is probably propping up their stock — not to mention their entry into the EV market. The EV market has massive potential when you look at all of the ICE vehicles on the roads now.
Ronald Wayne had 10% of the company for 12 days before he got cold feet and sold his shares back to Jobs and Woz — his payout ended up being about $2300. Sounds like a good man though — doesn’t seem angry about it, and still alive and kicking at 87!
Anyone who has ever invested has such stories....I got into Alibaba very early but then sold when it started going south....it then skyrocketed to ...well, you know the rest. No-one bats 100% all the time!