If so, while it's devastating to those with market-heavy retirement accounts and who are about to retire, it makes a terrific buying opportunity for long-term investors. I'm not saying pump in money now (although savvy investors will start buying broadly) because many signs look like it'll continue dropping but the key is to not panic.
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Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]
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If so, while it's devastating to those with market-heavy retirement accounts and who are about to retire, it makes a terrific buying opportunity for long-term investors. I'm not saying pump in money now (although savvy investors will start buying broadly) because many signs look like it'll continue dropping but the key is to not panic.
Buying individual stocks is always a huge risk, especially tech stocks. Mutual funds are a much safer bet in the long run.
And how much apple stock do you currently own before your big buy of more apple stock?
I predict everyone that says on this board, "It's a good time to buy" has apple currently in their portfolio. That's how it rolls, folks.
lol lol lol....
AAPL won't go below 75, then it will rebound back to over 100 within a month.
Actually, if it goes below 85, I'll be surprised.
And if AAPL does lose 80% of it's value, the whole stock market will also, it will be a major crash - which will make people wary of the stock market, and investing money back into it won't be a wise idea.
He's not Canadian. He was born in Flint, Michigan.
Though I wonder if there is a bit of panic going on right now. Apple down almost 10% pre market even though Tim Cook told CNBC that Apple had strong growth in China in July and August, that activations there have accelerated the past several weeks and the best performance of the year for the App Store in China in the past two weeks. Nothing Apple has reported on China warrants the panic we're seeing in the stock right now.
No we most definitely won't. The situation in China is much worse than thought and as soon as the Fed and BoE start raising rates, the whole stock market will plunge further. Heck, there's probably a recession looming as they raise rates and the housing markets collapse. Seriously, this isn't just a little dip.
I own 0 shares of apple stock, but today I will buy. How does that stop it from being a good buying opportunity
Nothing really to do with Apple, they are in very good shape.
Like I said, underlying issues with the Chinese economy exacerbating issues with the weak American economy.
A number of things going on here, not just a regular dip..
That's completely true. Apple's drop isn't unique to Apple and has more to do with broad economic turmoil around the world. Many European economies are weak and China's currency devaluation was a huge blow. This is mostly China's market playing havoc on the rest of the world's markets. There's a lot of panic, you don't get huge drops without it being influenced by panicky investors. The key is to tighten your seat belt, remain calm, and buy more. Start buying broad stock market funds and, if you know what you're doing, selected individual stocks. Many major tech stocks are down 7+% (AAPL, FB, GOOG, TSLA, AMZN). Seriously, this is getting to be a good time to buy. Maybe give it a little time unless you have enough disposable income to ride out the uncertainty (could take years).
For those of you wondering what to invest in in your Roth IRA, 401K, IRA, or even non-qualified account, AAPL. Now it may take a week or so to settle out to a true bottom and AAPL the company will be buying with you this week, but if you need someone to tell you what to do, buy AAPL.
Probably Salesforce, Priceline, Netflix, Citi Bank too. For now exit the retailers and oil and commodities.
Just Rocketman
Probably Salesforce, Priceline, Netflix, Citi Bank too. For now exit the retailers and oil and commodities.
Just Rocketman
You have edited your post slightly, but yes, that is what I am saying. A major crash.
If you think I am wrong, you are welcome to hold until things get better.
I bought some AAPL at $110. I guess I should have waited a few days, lol. Anyway it's wild this morning. At one point AAPL was at $92 now it's back up to $101.
I don't understand or care about the stock market. I care about the Apple Store. I just want the new iPhone, iPad Pro and Apple TV!
Yikes, the market is already at showing -500.00..... and it just opened!
http://www.msn.com/en-us/money/indexdetails/fi-30.10.!DJI.30.$INDU
http://www.msn.com/en-us/money/indexdetails/fi-30.10.!DJI.30.$INDU
Big crash / correction of the market.
Virtually Every single major market in the world is taking a beating right now. All stocks are being hammared for the most part. Energy stock, namely oil is absolutely tanking (could we see < $40 a barrel?). Many Currencies are being hammared as well.
Canada's Dollar has dropped to 75c on the USD. And we've been saying "we're in a small recession" for a few months now. This is only going to make it far FAR worse. Our Overnight rate is already only .5%, and our entire energy market collapsed out from under our poor leadership who was depending on it to prop us up.
China is probably our 2nd biggest trading partner, next to the US, So this will only have even bigger far reaching impacts.
the Markets have been open for less than an hour of formal trading, and the DOW is down over 1000 points, the TSX is down over 750.
Virtually Every single major market in the world is taking a beating right now. All stocks are being hammared for the most part. Energy stock, namely oil is absolutely tanking (could we see < $40 a barrel?). Many Currencies are being hammared as well.
Canada's Dollar has dropped to 75c on the USD. And we've been saying "we're in a small recession" for a few months now. This is only going to make it far FAR worse. Our Overnight rate is already only .5%, and our entire energy market collapsed out from under our poor leadership who was depending on it to prop us up.
China is probably our 2nd biggest trading partner, next to the US, So this will only have even bigger far reaching impacts.
the Markets have been open for less than an hour of formal trading, and the DOW is down over 1000 points, the TSX is down over 750.
Just shaking out the weak hands; The upswing is already starting. from 990 to 550 in just a few minutes..
That's what I'm talking about... trying to get my financial advisor on the phone as we speak.