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I own a lot of Apple... you probably do too
Old 05-05-2017, 07:56 AM   #1
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I own a lot of Apple... you probably do too

I was taking a look at my holdings from my many sources (401k, IRA, plain old investment accounts) and noticed that many of my funds have Apple as their #1 holding.

I mean, I think I must own a LOT of Apple. This concerns me a bit.

Of course, I do have some intentional other funds for diversity (REIT, foreign, specific non-tech sector, small cap), but my large holdings are still in funds that tend to have a lot of Apple.

Anyone else take a look at this? Concerned? Ever try to calculate it?
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Old 05-05-2017, 08:03 AM   #2
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APPL is about 3.75% of S&P500. At most is could be 2.5% of our total portfolio. Too lazy to calculate it.

It does not concern me at all. But I regret not having bought individual shares at $94 last year.
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Old 05-05-2017, 08:16 AM   #3
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My gut feel is for my next few purchases, I'm going to concentrate on anything other than big boy tech. Looks like my Alphabet holdings are right behind Apple. I work in tech too. Just too much exposure.

But I might get an iPhone as my next device to support my largest holding.

(Might be hard to do. I am not a fanboy.)
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Old 05-05-2017, 08:22 AM   #4
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My gut feel is for my next few purchases, I'm going to concentrate on anything other than big boy tech. I work in the same area. Just too much exposure.

But I might get an iPhone as my next device to support my largest holding.

(Might be hard to do. I am not a fanboy.)
I am not a fanboy either. But I was many years ago. I still have the large black Apple bag that used to lug my trusty Mac SE around.

I don't see tech collapsing. When the meteor hits, it will not help, but not much else will, either.
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Old 05-05-2017, 08:24 AM   #5
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I own a lot of BofA and WFC from all my different mutual funds. I 'diversified" by buying different funds at different times so not all my eggs in same basket. But when you look at it -they are still eggs.
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Old 05-05-2017, 09:53 AM   #6
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APPL is about 3.75% of S&P500. At most is could be 2.5% of our total portfolio. Too lazy to calculate it.

It does not concern me at all. But I regret not having bought individual shares at $94 last year.

I closed my strike out at $96 last year... It's funny because I'm a PC. Never owned an ianything. not even the pod. I like to hack my devices and therefore APPL is not for me. The stock has treated me well though.
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Old 05-05-2017, 10:14 AM   #7
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I made a lot of money on Apple stock.
Every time it got beaten down to the ground and people were wondering about its survival as a company, I bought as much as I could. Then I held it until it got so high it made me nervous and I sold it.

Several great cycles of that routine. Sold the last I had a few months ago, but very glad I still own a bunch in funds.
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Old 05-05-2017, 10:42 AM   #8
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Originally Posted by JoeWras View Post

...I mean, I think I must own a LOT of Apple. This concerns me a bit...

Of course, I do have some intentional other funds for diversity (REIT, foreign, specific non-tech sector, small cap), but my large holdings are still in funds that tend to have a lot of Apple.

Anyone else take a look at this? Concerned? Ever try to calculate it?
Hard for me to be objective as AAPL is the reason I was able to ER. I had targeted my diversified 401k (no pension), to get me to a 62-65 retirement.

I had long had a taxable account (e*Trade) where I dabbled in stock picking. Then when APPL announced the move to Intel based Mac's (pre iPhone), went in big at $7 a share in today's split adjusted cost. Held for years until it grew to enough to bridge the gap before 401k/SS. With one year to go to age 57 RE, I starting taking the LT gains and diversifying. But at one point my APPL shares were 85% of my taxable account and maybe 25% of my net worth.
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Old 05-05-2017, 11:00 AM   #9
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OK so what I'm hearing is I should double-down and also buy some individual AAPL. Then I can quit my OMY and really ER based on the massive returns.

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Old 05-05-2017, 11:27 AM   #10
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The point of MPT diversification is to diversify away individual stock risk in a portfolio, leaving only the market risk. Statisticians say that holding 50-60 stocks will do that. Any broad market mutual fund blows that number away, so there is no need to "diversify" using many funds unless you are buying super specialized/sector type funds and do not want the specialized market risk that they inherently provide.

So from that point of view, if APPL is in the 2% range in your portfolio Markowitz would probably tell you that there is nothing to worry about.
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Old 05-05-2017, 11:39 AM   #11
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APPL is about 3.75% of S&P500. At most is could be 2.5% of our total portfolio. Too lazy to calculate it.

It does not concern me at all. But I regret not having bought individual shares at $94 last year.
Never owned AAPL, other than what is in MFs and ETFs. But your mentioning of the price of $94 last year made me look up my record. And I saw that on 5/18/2016, I sold a cash-covered put for AAPL at $94, for $2.36 a share.

It never got down to $94, so that premium was all I got, instead of the more-than-$50 gain if I bought the stock. Oh well, another one that got away.

PS. Just looked up the price on 5/18/2016, and saw that the trading range was $94-95. I tried to get it a bit cheaper, and gave up a larger gain. Less risk, less reward, as always.
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Old 05-05-2017, 01:40 PM   #12
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May 12, 2016 AAPL low was 89.47. Closed at 90.34.
Oh darn.
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Old 05-05-2017, 02:17 PM   #13
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Well, AAPL is one of the few individual stocks I still own. I purchased a little under 1000 shares back when it was below $11. It's gotten a little better since then.

I don't think tech in the way Apple does it is going to take a dive on it's own. And, I'm looking forward to the Apple car.
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Old 05-05-2017, 11:45 PM   #14
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Not Apple. But a number of years ago I had a disproportionate amount of Hp and Hp options in our portfolio. It was causing me some concern.

We had engaged a new investment advisor. After reviewing our situation his strong advice was to 'protect' our early retirement, take the gains, and reduce our risk/exposure. It was the impetus that we needed to dispose of most of it. Turned out to be extremely fortuitous. It was just prior to the 2008/2009 challenges.

There are lots of good opportunities out there. For us, the trick since retirement has been to balance risk, fixed, equities, and exposure. As a broker/friend to me a long time ago....'pigs get slaughtered'.
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Old 05-06-2017, 03:17 PM   #15
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We were heavily into AAPL and sold it all at $74 (average cost $8), then bought back half at $52 and still hold it. I agree with Buffett that it is a consumer goods stock, not a tech stock. It has become our second largest holding (out of 50).

We have 2 iPads and 2 iPhones. But my Win7 laptop runs Chrome and we are big into Google as users. We love Chromecast for casting Netflix and Kodi material to the TVs.
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Old 05-06-2017, 03:49 PM   #16
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I have Apple stock in many of my mutual funds but purchased 93 shares individually. I am in this long term and don't get worried when the stock drops since it always recovers nicely.
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Old 05-06-2017, 08:20 PM   #17
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Yes I did and I sold some while it's at my highest yielding stock to date during my annual rebalancing.
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Old 05-06-2017, 09:47 PM   #18
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Quote:
Originally Posted by Beldar View Post
Well, AAPL is one of the few individual stocks I still own. I purchased a little under 1000 shares back when it was below $11. It's gotten a little better since then.

I don't think tech in the way Apple does it is going to take a dive on it's own. And, I'm looking forward to the Apple car.
The Complete History of Apple Stock (AAPL)

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Sweeeeet...... that would be roughly 1M , not counting dividends...
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Old 02-16-2018, 03:35 PM   #19
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https://finance.yahoo.com/news/apple...154500889.html

Now Berkshire's top holding, outstripping Wells Fargo. He considers it to be a consumer stock not tech.
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Old 02-16-2018, 03:49 PM   #20
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"Now Berkshire's top holding, outstripping Wells Fargo. He considers it to be a consumer stock not tech"

definitely agree
Wish i had bought more during and just after the great recession. Still one of my best performers
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