I was trying to make this point to one of our longtime Apple trolls. He didn’t seem seem to want any of it.
But stocks [companies] have their day and then fade away. I’ve spent my whole life in the stock market and one sees it firsthand ... stocks go up ,,, and then go down.
That’s for all you trolls out there. Apple won’t last forever.
It may not be forever, it just seems so. :)
“...But stocks [companies] have their day and then fade away. I’ve spent my whole life in the stock market and one sees it firsthand ... stocks go up ,,, and then go down....
...Apple won’t last forever.”
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True ‘dat...but its stock’s “wave cycle” is likely years long. I have a kid just starting out in his work life and I convinced him to open a ROTH IRA. I had him do it by opening a self-directed Scottrade Roth account, max out his first year’s contribution with some money he had been saving and then buy as many Apple shares as he could (odd lots are wonderful) in his account. At Scottrade’s $7 a trade cost and a long hold (initially) strategy, his overhead is minimal.
Comparing Apple and IBM is a bit ridiculous.
IBM lost its way decades ago.
I worked for Digital Equipment. LOL.
Apple won’t last forever at the stratospheric highs on the stock market, but they can go a very long time being successful in the consumer market, apart from the stock market.
As long as Apple keeps with its “Think Different” company mentality in developing products and then also evolving existing products ... Apple will keep right on doing very well with the consumers. I will be long gone from this earth before Apple has any turnaround with the consumers out there ... :-) ...
What do you think of ETF’s like “QQQ” as opposed to individual stocks like AAPL that will, as you say, have their day and then fade away?