AAPL, adieu
It’s been the wildest ride of all the investments I’ve made.
Summer 2003, I bought $600 of Apple stock. The average price per share was somewhere around $18. Then I forgot about it.
Then it began to go up. And up. And up.
Then it split 2:1 (you know the drill, double the shares, halve the price). Then it went up more. And more. And more.
Over the past few years I’ve milked the stock for many thousands (with an S) of dollars. Recently I sold all but $650 of the stuff to help pay down some school credit debt. I figured eventually even that $650 may go up. I was right.
However, I think Apple’s stock may have peaked. It’s a great company, but it’s officially overvalued in my opinion. I’m an Apple fan through and through, but investments need to be practical, not emotional. So, I just sold the last of my stock at — gasp — $93/share. I don’t recall the final amount, but after commissions I’m getting somewhere around $750 out of that last $650.
Total increase in my investment: somewhere in the ball park of 850%-900%. Try that with a savings account… Wow.
