I cautiously bought some Apple this morning. They say buy low. It is fairly low. To the point people say it is dragging the stock market down. Seems to me that if Apple goes down the toilet, everything should. I only bought 100 shares. Thinking it will double or triple in the long term. Then I will be kicking myself for not getting more. Thoughts?
I just bought Apple.
- Thread starter Robert Mugabe
- Start date
"Low" because Apple just had a 4 for 1 split to bring it to the current price. I was lucky enough to buy in in 2006 at $57 (or just over $14 taking the split into account.) All tech stock have been hit the past couple of weeks, but it's definitely cyclical. Kicks in a decent dividend.
In the states younger people are using the Robinhood App on their phones to buy stocks. They buy whatever the crowd is buying just because someone tells them to do so. They are buying airlines, Disney Land and bankrupt car rental companies. While Apple is not as bad as these other stocks it is not expected to be one of the better stocks. I am curious, what motivated you to buy this stock?
I bought apple as a 'hold until i retire' stock just before the split. Hamster is right that the market is skewed right now with Robinhood gamblers, so it is not reflective of traditional fundamentals used in the past.
Too many stock investors are just greedy because of the human sense of hope over realistic expectation and experience. They fully hope their 1 dollar stock will soar to 100 or their 100 dollar stock will be the next Amazon or Shopify in 6 months and then are miserable, whine and complain when it doesn't move for months or goes down. I'm happy with 5% or 10% gains in a year on a stock pick, which is a little more realistic. If I get more...great. But that's just me.
In the long run I don't think you won't lose money on Apple, as long as your expectations are realistic.
Too many stock investors are just greedy because of the human sense of hope over realistic expectation and experience. They fully hope their 1 dollar stock will soar to 100 or their 100 dollar stock will be the next Amazon or Shopify in 6 months and then are miserable, whine and complain when it doesn't move for months or goes down. I'm happy with 5% or 10% gains in a year on a stock pick, which is a little more realistic. If I get more...great. But that's just me.
In the long run I don't think you won't lose money on Apple, as long as your expectations are realistic.
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You will make 20 percent on Apple before year end. Me, I am loading up on oil majors, financials, gold miners and REITs. Less than three years from now I will have more than doubled. World will recorrect itself 12 months from now.
Do your research on Trevana (TRVN) I have owned it since it was $0.87 earlier this year. They have an FDA approved opioid (74% of medical professionals believe it will replace morphine) that is going to be a juggernaut plus a great pipeline of durgs in trials.
I think it will be a $5+ drug by early next year and that the company may be acquired in 2-3 years.
This is not investment advice and I am not a financial advisor. But I do tonnes of due diligence and always book profits along the way (I sold 25% of my original position of TRVN).
There are stocks that can make you a lot of money still but you have to put in the work and not get overly greedy. You also have to be confident in what you own because the markets are heavily manipulated. More often than not I leave a lot of money on the table because I have booked profits prematurely but it's better than taking huge losses.
I think it will be a $5+ drug by early next year and that the company may be acquired in 2-3 years.
This is not investment advice and I am not a financial advisor. But I do tonnes of due diligence and always book profits along the way (I sold 25% of my original position of TRVN).
There are stocks that can make you a lot of money still but you have to put in the work and not get overly greedy. You also have to be confident in what you own because the markets are heavily manipulated. More often than not I leave a lot of money on the table because I have booked profits prematurely but it's better than taking huge losses.
Get some WELL and DND, especially WELL. It's the future of health related services. Oh and I got Apple prior to split. Will sit on these for a while.
I like some of the long-term thinking on this board. Apple is definitely a solid foundational piece of any portfolio. I had a client who owned about $2 million of Apple a couple years back. It was his entire portfolio (which is not recommended, everyone should have some degree of diversification). His shares dropped from about $220 to $170 at the end of 2018. He did not flinch. They are worth almost triple the 2018 year end price now.
Remember gentlemen. We are buying small pieces of businesses here and according to Warren Buffett, Apple is the best American business to own.
Remember gentlemen. We are buying small pieces of businesses here and according to Warren Buffett, Apple is the best American business to own.
Good investment, be patient, its not a stock to flip.OK I'll biteI put some pennies into WELL
