"On paper." I always point that out as well. Until you sell you have nothing.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple's Stock Price Officially Crosses the $400 Mark
- Thread starter MacRumors
- Start date
- Sort by reaction score
What a crazy jump today. Time to buy a really fine wine to celebrate the week!
And a huge tax bill. 😂"On paper." I always point that out as well. Until you sell you have nothing.
never credible, but many said that within the last 10 years. Were they dum dums? Or just paid to post such things?
Anyway - lots of good comments here and lots of dum dums here too
. Can’t help the dum dums, butCHEERS to all AAPL shareholders! booyA! $427 after hours. $425 close.
Last edited:
You are right, I bought Apple just before it split 7 to 1. Then I had 250 shares at $92 ($23,000), down to 95 shares now at $425.04 ($40,378.00) after taking money out for my house, new to me used car, motorcycle, iPhone X and AW5 gold stainless. It hurts to think if I didn't sell any shares, I would have $106,250, but Social Security isn't enough.So my 20 shares (let's say $400 each) will become 80 shares (let's say $100 each) and then I can patiently wait for them to get back to $400 and thus be more rich?
Not quite true, you have the investment in your portfolio. You just can't can't count the gain (or loss) till you sell. If you paid $100K cash for your house, and now the market value is $200,000, doesn't mean you don't have a house."On paper." I always point that out as well. Until you sell you have nothing.
"On paper." I always point that out as well. Until you sell you have nothing.
You do have dividends, though
If you're retired, with a modest yearly total income, say less than $100K, there's a strategy to greatly minimize that by periodically selling older high-valued shares having a low basis, and then repurchasing them at roughly the same price but with a new stepped-up basis. Your capital gains rate is relatively small at that level of total income. If your total income is less than $80k, the capital gains rate for a married couple is $0, and then goes up to 15% from there to almost $500K.
It's a long-term strategy and not for everyone.
Last edited:
I bought a couple blocks of AAPL around 1999 or 2000 when it was $14/share. I haven't sold any (yet) but the dividends have been nice.
yeah I’m one of them. $25 gain but I had to back in early April ~ dumb decision and I knew it while doing it too. Next time around I’ll not make that mistake.
It's absolutely senseless to discuss things with someone like you. My comment was posted not only in regard to AAPL in particular, but in regard to the whole stock market right now. I sold a substantial part of my AAPL stock yesterday, but still hold a stack worth in the mid 5 figures. So no, I dont think Apple is doomed, but I am fairly certain that these stock price increases we've seen recently will not continue endlessly within the upcoming financial and economic circumstances.
You can look at it that way. However it is 99% likely the shares you sold will be worth more in the future. Depending on when you sold it yesterday it already is worth more. There is really no need to sell here unless you need the cash to fund something. For example I sold off my entire mad money account in February to build a house. I thought I was a genius getting out.
The thing is around a month or so later I found myself buying as fast as I could because of how it went up again. I needed the money and am happy as I have piles of lumber and plywood in my yard and the house is coming along. However I would have been better of by mid 5 figures if I had stayed in and kept adding through it.
Unless you believe the market won't come back in your lifetime taking profits when you don't need to is a short term gain and you accept that it means you are going to take less over all. Unless you are going to rotate into the next thing and keep your cash working. Selling and taking money out won't work in the long run.
Of course you think the market is peaking if you sold. You have to justify your decision.
The truth is, no one knows.
It might make “sense” to you that markets should decline because of the global circumstances, but markets don’t have to make sense to you or anyone at all for that matter. They also don’t look at the past like you, they look forward.
Markets have decided the worst is over and things will improve from here. There are many Companies in the toilet, but many flourishing, like Apple and Amazon, showing the consumer is resilient.
Predicting markets is the only thing senseless here.
May I ask you for how long you have been trading and how old you are? The capability of predicting markets is the reason why some people are way more successful with trading than others. And in order to do so, you have to understand the past. Then you will understand the present and maybe some puzzle pieces of the future.
If you do not understand that, I might suggest you bringing your cash to the Blackjack table, which is what I think seperates the two of us. Selling off 50% of my stock and keeping the other half is the expression of me questioning my own decision and beliefs, as I am aware of the possibility that I might be wrong.
I don’t trade, I invest and have over 20 years. You don’t make money trading over time, unless you’re in the 0.01%. Trading will lose you money and you will underperform the market
Only in the rarest exceptions is this untrue. Beating the market over any meaningful time is almost impossible.
predicting markets is hard sometimes, yet at other times it’s ridiculously easy is what I’d say.
Nobody is right all the time - but I do suggest that “Worldview” has a lot to do with the big wins I’ve been able to make over the last decade or so. Prior to that I was more of a value investor 100% in AAPL. Diversification? Nonsense I said. But in the last 10 years I noticed lots of anti-AAPL conspiracies. Go look at all my posts and see what I was saying. I think I was right all along.
Baymowe has not disagreed with my own views on AAPL except for once recently (when he might have misjudged the virus like most of the entire world and probably missed the big virus crash).
I don’t know if Baymowe has the same worldview as me or not. But at least on some things we both would probably agree that Reuter’s news posted false information about AAPL, Nikkei news lies about AAPL. Many “analysts” write articles that are lies about AAPL simply for the purpose of trying to “move the needle” on AAPL stock. It’s been years of AAPL news lies. Years of it. I have screenshots of most of my options action with 400% gains in a few days or weeks or sometimes months. Meanwhile my buy and hold aapl strategy worked well. Bragging about money made can be useful to make a point I guess. I like to half-joke that if you know something you should show us your lambo.
anyway - Worldview. Check your worldview. Do you believe your doctor? Do you believe your media? Politicians? CNBC experts? Sometimes they’ll be correct, but a lot of the time they might have a paid institutional narrative. A good Worldview is all it took for me to do well - better than the blackjack player. Read between the lines and you’ll figure out how to value a company like Apple properly, I’d say.
The virus even caught the market by surprise (short term). We were hitting all time highs in LATE February, with cases/deaths totally under control in the US. Sadly, this didn't last and I was surprised that the markets moved so quickly to the downside. You're right, I didn't see that coming, but I was right that this virus wouldn't impact markets for any meaningful time. I actually made money because of it.
Luckily, I never sell in times of panic. Instead, I loaded more AAPL, Nasdaq, and S&P 500 index when the panic ensued. I bought stocks every single day in March. I knew the market would recover, and it has almost completely and many stocks at new highs, including AAPL just about 4 months after the low. A mere blip and wonderful buying opportunity.
The moral of the story is, predicting is a waste of time. You stay long and get longer when the market drops.
I've invested my whole life with 2 mantras.
1) Buy the F***** dip.
2) Never sell in times of panic.
Last edited:
Actually you trying to time the market (which is what you are doing) is "you bringing cash to the blackjack table" , in fact having any particular stock makes you a gambler , the safe long term investment is in the Index , it reduces risk of any specific company hitting a wall and just replaces it , it beats 99% of all private equity funds in the long term and its stress free (as much as stock market can be).
I too have "sinned" and hold 3 companies long term (Apple included) as I think they can outpace the index , but i am aware of the added risk here , and to be honest this sentence is the epitome of the avg wallstreet gambler "the capability of predicting markets is the reason why some people are way more successful with trading than others. And in order to do so, you have to understand the past. Then you will understand the present and maybe some puzzle pieces of the future."
You , as a 1 person investing army cannot and will not predict anything better then the folks that invest millions of dollars into algorithms and have inside information , thats their job (I assume you have a day job) , and you thinking you can do better then them is beyond crazy , I suggest you stop this line of thinking FAST , the only way for you to beat or equal those guys is going with the index , anything else and you are gambling (which of course is your right) like the rest of the folks who comment here with "I have only APPL , to the moon!!".
TLDR - Diversify (Index again
) and invest long term , DO NO TRADE , DO NOT PREDICT THE MARKET , you dont have any edge when you trade vs folks that do that as their job and have SW that trades for them to maximize short term gains.
Actually you trying to time the market (which is what you are doing) is "you bringing cash to the blackjack table" , in fact having any particular stock makes you a gambler , the safe long term investment is in the Index , it reduces risk of any specific company hitting a wall and just replaces it , it beats 99% of all private equity funds in the long term and its stress free (as much as stock market can be).
I too have "sinned" and hold 3 companies long term (Apple included) as I think they can outpace the index , but i am aware of the added risk here , and to be honest this sentence is the epitome of the avg wallstreet gambler "the capability of predicting markets is the reason why some people are way more successful with trading than others. And in order to do so, you have to understand the past. Then you will understand the present and maybe some puzzle pieces of the future."
You , as a 1 person investing army cannot and will not predict anything better then the folks that invest millions of dollars into algorithms and have inside information , thats their job (I assume you have a day job) , and you thinking you can do better then them is beyond crazy , I suggest you stop this line of thinking FAST , the only way for you to beat or equal those guys is going with the index , anything else and you are gambling (which of course is your right) like the rest of the folks who comment here with "I have only APPL , to the moon!!".
TLDR - Diversify (Index again
I hear your argument, but respectfully disagree.
what good in diversification lately?
are you diversified? I scoff at that often.
I guess Warren Buffet agrees - he says diversification is great for people who know nothing about stocks. So yah, if you cannot read a financial statement and understand what matters, and you lack feel for what is “real” these days - go with an index fund at least. Better than staying out of the market entirely! It is fairly well proven to bring positive returns. But maybe you’ll be an old man before getting your lambo.
it’s worthwhile to improve and constantly challenge your worldview.
here’s a big question: all those stock broker experts - are they rich? Why not? If they knew something useful they could have applied it to their own portfolio and made a lot of big money. Then they probably wouldn’t want to be financial advisors anymore Or stock brokers right?
Etrade options analyzer said I had a 28% chance of blah blah Recently. Next day I asked my buddy what the magic Etrade options analyzer said ( after I was already up 125%), and he said 32%. So at the moment I’m thinking that you have to take a lot of analysis with a grain of salt
Pardon my lack of capital letters today at the start of sentences
Last edited:
Would expect Aramco to be dropping in value given the oil prices lately, but somehow it's not.
Speaking of Blackjack, when you try to beat the market, you're playing against a rigged house. Insider trading is too easy. In the tech bro circles of Silicon Valley, I know for a fact that people with low-level SWE jobs exchange tips illegally, usually about smaller big corps like AMD, and I take no part. And the higher-ups seemed to know about the March Coronavirus panic before anyone else did.
I know some honest players win too, and they go online to brag, but you don't see all the losers sulking. Not interested. I used to buy AAPL back in 2008-2010 only because I believed in Steve Jobs's leadership. Now I hold some AMZN because I believe in Bezos's leadership, and the rest sits in indexes. All medium to long-term.
Last edited: