09-24-2021, 04:18 PM
As long as we’re into nose-rubbing, I bought 100 shares of AAPL within a few weeks of its 1997 low. I had about $1500 in. After tripling my money in about a year, I was feeling really smug about how smart I was and I sold my shares, plowing the proceeds into a shiny new Mac G3/300. I called it my “free Mac” while I used it, and got about 8 years out of it.
I don’t remember the exact dates of my buy or sell, but on a split-adjusted basis, AAPL in 1997 seems to have traded between 8-12 cents a share in today’s prices. At today’s share price of about $146.50, that’s between 1200-1800x return from my purchase point. My $1500 would be worth $1.8-2.7M.
So that was in fact the most expensive Mac I ever bought.
More power to anyone who had the chutzpah to hold on this long. My advice to anyone now is not to sell appreciated stocks you like beyond what you paid for them, to “lock in” at least a breakeven scenario in your mind.
I don’t remember the exact dates of my buy or sell, but on a split-adjusted basis, AAPL in 1997 seems to have traded between 8-12 cents a share in today’s prices. At today’s share price of about $146.50, that’s between 1200-1800x return from my purchase point. My $1500 would be worth $1.8-2.7M.
So that was in fact the most expensive Mac I ever bought.
More power to anyone who had the chutzpah to hold on this long. My advice to anyone now is not to sell appreciated stocks you like beyond what you paid for them, to “lock in” at least a breakeven scenario in your mind.