- Joined
- Aug 12, 2008
- Messages
- 37,364
- Points
- 113
I started buying Apple shares way back when they were only US$30 & accumulated more over time. I did sell many of them but fortunately I kept some which back then I paid about $30 to US$150. Then Apple split the shares twice, each time by 2. The third time they did a 1 to 6 split.
Now that they are paying me a dividend & I don't mind holding onto the shares. I've already recoup the costs of buying the shares from the dividends I've received. With interest rates being so low & the poor economy I don't see any better alternatives out there.
The people at Apple are not stupid. Steve Jobs left behind his work ethic. So I am sure they are working on various projects. We are seeing some of it as the company attempts to expand into a services company distributing apps, apple TV, music, the beats headphone company, .... they are rumoured to be working on transport related projects.
They may not have another hit like the iPhone but which other company has managed to achieve a string of hits like Apple
As long as they can remain relevant for a few more years I'll be happy, then maybe the global economy will have improved & I can cash out some of my stocks & look elsewhere.
How many did you buy? 100? what the holding fees like? you bought through a Singapore brokerage? I recommended a client when AAPL...was $15.....& the company was undergoing transitioning....I think you could guessed when it was....the client bought 1,000 & I don't work there anymore..don't know if client kept until AAPL climbed very high...at $15...was a bargain...many at that price lost faith in Apple...I peered into the 'crystal ball" & saw a future... ha ha ha ha