Did you invest in Apple?
May 9, 2007
3 Comments
If you are an Apple fanboy, and have been regularly buying Apple products since 2004, but never invested in Apple, then this is probably what you missed out on:
Aug 06th, 2004: Bought 1000 stocks of Apple at $14.89 per stock
Total investment: $14,890
Total investment: $14,890
Feb 25th, 2006: Apple announces a two-for-one split. You now have 2000 stocks of Apple at $44.5
Balance: $89,000
Gain: ~497%
Balance: $89,000
Gain: ~497%
Jan 13th, 2006: Sold 2000 stocks of Apple at $85.59 per stock
Balance: $171,180
Gain: ~1050%
Balance: $171,180
Gain: ~1050%
Jul 14th, 2006: Bought 3378 stocks of Apple at $50.67
Balance: $171,180
Balance: $171,180
May 09th, 2007: Sold 3378 stocks of Apple at $106.24
Balance: $358,878
Gain: ~2310%
Balance: $358,878
Gain: ~2310%
So if you had done some simple investing in Apple; in less than three years, you would have made ~$343,988, an astounding 2310% gain! from an initial invest of $14,890. So, next time you buy an Apple product, think about maybe investing in Apple too.
Update May 30, 2007: Since this article was written apple stock has gone up 11.53%, closing today at $118.49. With release of the iPhone around the corner, get ready for the ride!
3 Comments
Jul 3, 2007 | 9:08 am
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