Ummmm... new math?
If someone bought 1000 shares at $11 that would be before the 1 for 7 split. Now they would have 7000 shares at roughly $170 per share or about a million bucks worth.
Ummmm... new math?
If someone bought 1000 shares at $11 that would be before the 1 for 7 split. Now they would have 7000 shares at roughly $170 per share or about a million bucks worth.
It wasn't mentioned if that was bought before the split or if that was his adjusted cost. No matter, it's not in my pocket. Don't even own enough for it to appear in my top 10 holdings list. Looks to be about .13% of my total holdings as of today.
I used to track Apple very closely. i.e. Read everything and dialed into every quarterly earnings call. Prior to FIRE December 2016, APPLE was 80% of my taxable account and 25% of my total.
I love my Apple stock. There is an Apple store near by me. Every single time I walked into that store it was rocking with people. It didn't matter if it was summer, winter, spring or fall. You could not take a step without bumping into someone. People had their wallets open buying.
I called my Financial Planner and I was able to get a small position in Apple. Not a lot but enough. A number of years later, it split 7:1. I smile every time I look at the stock price on Apple and my shares.
My Financial Planner told me if I ever see anything else like that again, to let him know.
I have, but unfortunately that company is not publicly traded. Ikea.
I used to track Apple very closely. i.e. Read everything and dialed into every quarterly earnings call. Prior to FIRE December 2016, APPLE was 80% of my taxable account and 25% of my total.
If someone bought 1000 shares at $11 that would be before the 1 for 7 split. Now they would have 7000 shares at roughly $170 per share or about a million bucks worth.
This only reinforces my long-held belief that selling Apple products (which is sort of what you do when you own their stock) would be FAR better than buying Apple products.
Tesla not for me. While they look great now and have made a bunch of good moves, there are too many viable competitors. Remember when the Palm Pilot owned the hand and the Blackberry owned the email pager market? Both lacked vision of what could be possible!
LOL he is eyeing Tesla too, but they got away from him too fast with their huge recent price run up.
All very interesting posts. I recently achieved FI and have been changing my investments to focus more on income instead of total return. Is there a thread on the forum discussing options to boost your cash yield on stocks you hold?
They seem to have first mover advantage. But can he delegate to others? That will be essential to continued growth. Of course, understanding finance would also help. And that will be essential for it to make the transition to a blue chip.Right now there is hardly any competition for Tesla. <snip>
Now look up how many EV's these other companies are producing and the number of assembly lines dedicated to EV's. Again, not even close.
And I would not say that Tesla lacks vision.
DH has also reduced his AAPL considerably. He initially was going to reduce to 3/4, then 1/2, but with this interminable run up he ended up reducing by 3/4.
He’s just ready to take profits on a 15-20 year holding with a few additions over the years whenever they got seriously clobbered.
LOL he is eyeing Tesla too, but they got away from him too fast with their huge recent price run up.
Right now there is hardly any competition for Tesla. Sure, Volkswagen has an EV, Porsche has an EV, Nissan, Ford has the Mustang EV, and there are a couple more. Now look at where these vehicles are as far as battery technology, (specifically driving range but also charging stations) software, and self-driving capabilities. Not even close.
Now look up how many EV's these other companies are producing and the number of assembly lines dedicated to EV's. Again, not even close.
And I would not say that Tesla lacks vision.