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Wowww. I remember checking out this article when I saw it on Toms Hardware back in 2006. I was 14 years old lol. Imagine if you had money to invest back then,

Wowww. I remember checking out this article when I saw it on Toms Hardware back in 2006. I was 14 years old lol. Imagine if you had money to invest back then, throw it into Apple and let it ride.

jacobkg 5y ago
I remember I was doing an internship when the iPhone came out. Several of the people there had bought apple stock in anticipation of the iPhone’s announcement and then sold afterwards to turn a quick profit. As you suggest, in retrospect letting it ride for 15 more years would have been far superior.
geoduck14 5y ago
With respect, this is selection basis. Several years ago, JC Penny hired a new CEO (from Apple, I believe) to revamp their line. I bought their stock to "let it ride". There was some hot shot pharmaceutical company that I bought in 2010 (APPY, look them up). I also "bought the dip" in Boeing last year. All bad decisions.
- randomopining 5y ago
  Yeah but JC Penny is an investment in retail. Everybody knew deep down that online was the future. Pharmaceutical no clue. Boeing will rise up again, although not a lot.
pavlov 5y ago
I had $500 worth of Apple stock in 2002. It was up 30% in a year, so I figured it’s time to take profits, sold the stock, and bought a 10GB iPod with the money. (I was a student, the idea of carrying all my CDs with me was extremely appealing.) Looks like the stock would be worth about $200k today. No regrets, I got to listen to New Order on the bus.
- randomopining 5y ago
  Tbh you may have gotten solid utility out of that. And realistically after 3x you would’ve sold anyway (me too)
throw0101a 5y ago
> Imagine if you had money to invest back then, throw it into Apple and let it ride. In 2005, AAPL was (split-adjusted?) in the $1-2 range. In 2006 it peaked at $2.60 and went down to $1.60 (split-adjust) before recovering: * https://www.macrotrends.net/stocks/charts/AAPL/apple/stock-price-history https://www.macrotrends.net/stocks/charts/AAPL/apple/stock-p... Plenty of people had money to invest, but to think that Apple would become as huge as it is now would be quite the act of faith in its vision IMHO. Especially since this was just a few years after the Dot-com bubble (AMZN being down 90% off its high at one point). It's very hard to predict the future: > When asked whether Domino’s Pizza or Google had a higher return for investors since their 2004 IPOs, most people would likely say the tech giant with the world’s most visited website. > But Domino’s, including its dividends, would have netted you a higher return. > If you had invested $1,000 in Domino’s when it went public on July 13, 2004, that investment would be worth more than $56,000 as of last Thursday, according to CNBC calculations. Its share price on Tuesday was hovering around $374. > As for Google, a $1,000 investment made at IPO, on Aug. 19, 2004, would be worth more than $35,000 as of last Thursday. Its current share price was hovering around $1,426. […] > Following this brand revamp [in 2009], Domino’s saw its stock gain more than 2,000% from 2010 to 2017. It also outperformed big-name companies during that period, including Amazon, Apple and Netflix. * https://www.cnbc.com/2020/02/25/dominos-stock-yields-higher-returns-than-google-since-ipos.html https://www.cnbc.com/2020/02/25/dominos-stock-yields-higher-... Not sure how things where things have gone, post-pandemic, since the article was published.
deleted 5y ago
[deleted]
peterburkimsher 5y ago
In 2007 I was 18, and had some scholarship money to invest, because I didn't think I'd need it for a year. The bank manager wouldn't let me buy Apple, because there was a lot more paperwork to buy stock in the US (from Switzerland). Instead, he told me to buy shares in the bank for no commission! They have my money anyway, it should be a safe investment. I hedged against it by also buying a small bar of gold (over the counter, got to love Switzerland). That year, the banking crisis hit. The shares went from 1000 CHF to 300 CHF. The gold went up: from 1000 CHF to 1070 CHF. But worst of all, I needed the money that year due to visa issues, and it was locked up in stocks and gold that I couldn't turn into cash until I could get back to Switzerland. The cash flow issues drove me to surviving from free pizza at careers talks, where I met Sma who introduced me to dumpster diving, hitchhiking, and CouchSurfing. I learned then that money doesn't buy happiness. Food, transport, and shelter can be obtained for free within a community. And I'm forever indebted and trying to pay that support forward to others. Still not rich, but joyful.
- randomopining 5y ago
  Agreed. You can be content and enjoy the fruits of a good life without much in the way of riches. But it’s good to carry your own weight and be able to do your own thing.

Wowww. I remember checking out this article when I saw it on Toms Hardware back in 2006. I was 14 years old lol. Imagine if you had money to invest back then, throw it into Apple and let it ride.

jacobkg 5y ago

I remember I was doing an internship when the iPhone came out. Several of the people there had bought apple stock in anticipation of the iPhone’s announcement and then sold afterwards to turn a quick profit. As you suggest, in retrospect letting it ride for 15 more years would have been far superior.

geoduck14 5y ago

With respect, this is selection basis. Several years ago, JC Penny hired a new CEO (from Apple, I believe) to revamp their line. I bought their stock to "let it ride". There was some hot shot pharmaceutical company that I bought in 2010 (APPY, look them up). I also "bought the dip" in Boeing last year. All bad decisions.

randomopining 5y ago
Yeah but JC Penny is an investment in retail. Everybody knew deep down that online was the future. Pharmaceutical no clue. Boeing will rise up again, although not a lot.

pavlov 5y ago

I had $500 worth of Apple stock in 2002. It was up 30% in a year, so I figured it’s time to take profits, sold the stock, and bought a 10GB iPod with the money. (I was a student, the idea of carrying all my CDs with me was extremely appealing.) Looks like the stock would be worth about $200k today. No regrets, I got to listen to New Order on the bus.

randomopining 5y ago
Tbh you may have gotten solid utility out of that. And realistically after 3x you would’ve sold anyway (me too)

throw0101a 5y ago

> Imagine if you had money to invest back then, throw it into Apple and let it ride. In 2005, AAPL was (split-adjusted?) in the $1-2 range. In 2006 it peaked at $2.60 and went down to $1.60 (split-adjust) before recovering: * https://www.macrotrends.net/stocks/charts/AAPL/apple/stock-price-history https://www.macrotrends.net/stocks/charts/AAPL/apple/stock-p... Plenty of people had money to invest, but to think that Apple would become as huge as it is now would be quite the act of faith in its vision IMHO. Especially since this was just a few years after the Dot-com bubble (AMZN being down 90% off its high at one point). It's very hard to predict the future: > When asked whether Domino’s Pizza or Google had a higher return for investors since their 2004 IPOs, most people would likely say the tech giant with the world’s most visited website. > But Domino’s, including its dividends, would have netted you a higher return. > If you had invested $1,000 in Domino’s when it went public on July 13, 2004, that investment would be worth more than $56,000 as of last Thursday, according to CNBC calculations. Its share price on Tuesday was hovering around $374. > As for Google, a $1,000 investment made at IPO, on Aug. 19, 2004, would be worth more than $35,000 as of last Thursday. Its current share price was hovering around $1,426. […] > Following this brand revamp [in 2009], Domino’s saw its stock gain more than 2,000% from 2010 to 2017. It also outperformed big-name companies during that period, including Amazon, Apple and Netflix. * https://www.cnbc.com/2020/02/25/dominos-stock-yields-higher-returns-than-google-since-ipos.html https://www.cnbc.com/2020/02/25/dominos-stock-yields-higher-... Not sure how things where things have gone, post-pandemic, since the article was published.

deleted 5y ago

[deleted]

peterburkimsher 5y ago

In 2007 I was 18, and had some scholarship money to invest, because I didn't think I'd need it for a year. The bank manager wouldn't let me buy Apple, because there was a lot more paperwork to buy stock in the US (from Switzerland). Instead, he told me to buy shares in the bank for no commission! They have my money anyway, it should be a safe investment. I hedged against it by also buying a small bar of gold (over the counter, got to love Switzerland). That year, the banking crisis hit. The shares went from 1000 CHF to 300 CHF. The gold went up: from 1000 CHF to 1070 CHF. But worst of all, I needed the money that year due to visa issues, and it was locked up in stocks and gold that I couldn't turn into cash until I could get back to Switzerland. The cash flow issues drove me to surviving from free pizza at careers talks, where I met Sma who introduced me to dumpster diving, hitchhiking, and CouchSurfing. I learned then that money doesn't buy happiness. Food, transport, and shelter can be obtained for free within a community. And I'm forever indebted and trying to pay that support forward to others. Still not rich, but joyful.

randomopining 5y ago
Agreed. You can be content and enjoy the fruits of a good life without much in the way of riches. But it’s good to carry your own weight and be able to do your own thing.