Msg. 44720 of 65535 (This msg. is a reply to
44718 by
oldCADuser)
Jump:
Well, FWIW, I came in in the early days, like your Dr... A couple batches, one near $16, another near $20, off the top of my head... Many splits later it has made up for any & all losses in what became LU before it crashed. Toss in the dividends, a nice investment... Fun at times, spooky at others... The day trader gaming back on Yahoo, Raging Bull were nasty... Today, not so much of the gaming...
I recall my District Manger & I had a public discussion going at conferences, staff meetings, about how they wanted LU to become a $50B company, and a little ridicule of Apple.. Apple Revenue topped $50B last Q... I think I won that game!
Our middle son has been investing in Apple stock for years. At the moment he's only holding something over 100 shares, but a couple of years ago, he pulled most of his profit out and used it to buy a house in L.A. Of the shares that he's currently holding, their cost basis is around $60/share so he's at a solid 3X price increase, to say nothing of the dividends which he automatically reinvests, buying additional shares.
My family doctor, who retired about the same time I did, had also been buying Apple shares back when it was selling for about $25/share (pre-split), and from what he alluded to me once, he must be sitting a few million dollars about now.
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