Posted on 02/22/2022 11:37:52 AM PST by nickcarraway
That would be worth over $380,000,000 as of this writing. (That’s with the recent cratering of crypto.)
Big deal. You know how much tax that guy would have had to pay? It's just not worth it.
/s
Yeah. Guy who sat next to me for the last 5 years of my working life bought $2K bitcoins back in like 2011-ish.
I don’t know why he bothers to work still but he does.
Now try to imagine if you had invested $100 per month in AAPL starting back in 1983 ….
Okay, what is the next hot tip?
And on January 3, 2022, it was worth $1,407,231.19
So freakin' what! Long-term capital gains are 20%. Are you going to forgo several hundred million in gains AFTER tax just because you have to pay a few hundred million in taxes? You are still ultra wealthy.
Just saw your /s tag.
Ahh, the misplaced values of youth. I bought the first Macintosh, using my student discount to “only” spend $3800 on a 5” black n white screen. Imagine if I had the wisdom to instead use the money to buy Apple stock at the time... (sigh)
Oh well, what could have been. Can’t take a nickel with us when crossing over to Beulah land.
dont feel too bad... I was short in the remaining enlistment for the US Navy and I probably spent that K and more up my nose!! Life is full of “I should ofs”!! lol...
in 84 you would probably pay 13% interest
My wife worked at Apple for ten years in that era. She was getting good stock options and we used the money for cars, the house, etc. After the succession of failed presidents (Sculley, Spindler, Amelio) I convinced her to sell the remaining stock...then Jobs returned! That was my worst decision ever, but, at the time, it looked like the company was going tits-up in short order.
Um, so? The house would be 21 times cheaper, and everyone re-financed as the rates came down.
Just a little example
https://www.zillow.com/homedetails/10532-Cedar-Tree-Ct-Cupertino-CA-95014/19619717_zpid/
Note house built in ‘63, probably sold new for ~ 20K
Now, if you invested $1,000 in Commodore, Tandon, Epson, Coleco, Northgate, Tandy, Sanyo, DEC, Atari, Sinclair, Kaypro or Osborne, you might not have done so well.
On the other hand if you went with P.C.’s Limited (Dell) or HP, you would have done quite well.
I did not have the time to check which of these companies were privately held at the time, just trying to make the point that at the time, the long-term winners were not obvious.
Has every one forgotten stock splits?
06/16/1987 2 for 1
06/21/2000 2 for 1
02/28/2005 2 for 1
06/09/2014 7 for 1
08/31/2020 4 for 1
The initial 7,692.31 shares would have
Split 1987 2 for 1 would have yielded 15,384.62 shares;
Split 2000 2 for 1 would have yielded 30,769.24 shares;
Split 2005 2 for 1 would have yielded 61,538.48 shares;
Split 2014 7 for 1 would have yielded 430,796.36 shares
Split 2020 4 for 1 would have yielded 1,723,077.44 shares
AAPL closed at 164.32 today (02/22/22). Yielding $283,136,084.94 in a down market. All of which would qualify for long term Capital Gains.
Hardly worth it ...
Amazing, if you could have put $1000 into Apple, Walmart, Microsoft each
No telling what you would have had. Throw in Amazon 22 years ago. and your buying a Yacht.
How much did the theranos investors get?
Throw in Amazon 22 years ago. and your buying a Yacht.
—
You are buying Bozo’s mega yacht
It always pays to read the full article.
Apple traded at a split-adjusted price of $0.13 on the Monday after Super Bowl XVII (Jan. 23, 1984). A $1,000 investment could have purchased 7,692.31 shares of AAPL.
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