Holy Apple Stock!

I always seem to talk myself out of the good buys: Google, MAPTX (a fast-growing Asian fund now closed), and most recently Apple.

I was thinking of buying at the beginning of the year, you know, when it was selling for $80. Well, 10 months and $100+ price jump later, I'm really kicking myself. Even though the price is pretty high and rose rapidly, I still think it's a good buy with a lot of potential to continue at least within the next year. What do you think?

Congrats to all those who currently own!

I know the feeling. When I got my MacBook last August, I tried to convince my parents to invest some of my college money in Apple stock. Unfortunately, they didn't do it. If they would have, I would be LOADED! Haha

Mmm...I wish I had more money to invest.

I personally think that AAPL still has lots of upside, so even if you are just getting in, I think it's a smart buy. I've been buying in twice a month since it was in the low $80s, and I couldn't be happier. I think it will hit $200 before the end of the year (maybe by Thanksgiving at the rate it has been going... ), and if it doesn't split, I expect it to hit $250 by the end of next year. Apple is just doing phenomenal, and everyone has noticed...

For those who don't have a lot to invest all at once, take a look at sharebuilder.com - they will allow you to purchase fractional shares of stock, so even though the stock price may be $180, you can still purchase $50 worth.

digitalscrap said:

For those who don't have a lot to invest all at once, take a look at sharebuilder.com - they will allow you to purchase fractional shares of stock, so even though the stock price may be $180, you can still purchase $50 worth.

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Apple has plenty of moving up room, considering how rock solid their business plan is right now. However, if people don't have a lot to invest, it is much wiser to buy into some ETFs or other diversified stocks. Investing what little money you have in one company is not the best idea in the world.

cheesybanana said:

Apple has plenty of moving up room, considering how rock solid their business plan is right now. However, if people don't have a lot to invest, it is much wiser to buy into some ETFs or other diversified stocks. Investing what little money you have in one company is not the best idea in the world.

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Definitely good advice.

People should definitely diversify - thanks for clearing that up for everyone, as I certainly wasn't trying to send the message that someone who is just starting out investing should take all their available capital and buy AAPL with it. If someone only has a small amount to invest, they should definitely spread it out (but still get some AAPL as well. ) and some exchange traded funds are a great way to do it (or a good no-load traditional mutual fund as well).

Yeah, I think everyone should diversify too. I mean it makes all the sense in the world!...







Wait, what? I don't even know what that means! (I really do, but the stock market still confuses me)

Right about now that ~$120 investment I made in 1996 seems to have been a GREAT deal...

The stock market frustrates me... it reflects how the world works. You have to have money to make money, except in exceptionally rare cases. And I have no money! =\

Apple has made me 2 million dollars in FSX

(and so has google and its still going up I predict another $25)

the stock markets the greatest tool in the world. You take your hard earned money, as much as you can muster for whatever and just keep building a portfolio. The most exciting part is watching it grow and getting larger and larger dividend cheques in the mail unfortunately not in apples case but still a great stock. Some analysts (most are full of puppy squeeze) think it could go to 240 this year. I hope their correct. So everyone buy up.

It would have to be pretty undervalued right now to go up that much in so little time without going back down again. You never know what will happen, though.

Boys. Now's the time to buy that AAPL stock. It's down to $130!

i wouldn't buy any stocks right now seeing as many investment firms are saying we are in a recession already and given the fed cutting that interest rate, things are about to get ugly me thinks.

history has proven we have always recovered from a recession, they normally last about 15 months, but you need 6 months to officially be in a recession, so about 21 months from now and we'll be recovering. Now is the perfect time to buy stocks (unless you think they'll go lower, I think so, so I'm waiting) buying at the bottom is the best thing to do, because after the recession and people start investing again and the stocks go up, then you made a pretty big penny off of something everybody was freaking out about.

This market dip came at the perfect time for me as I now have the means to invest, and with stocks so low, I can build a larger and more diverse porfolio than I could have just a few months ago.

Since I've never invested before, can anybody tell me which brokers they use? I would like to be able to do it all online.

Kash said:

This market dip came at the perfect time for me as I now have the means to invest, and with stocks so low, I can build a larger and more diverse porfolio than I could have just a few months ago.

Since I've never invested before, can anybody tell me which brokers they use? I would like to be able to do it all online.

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Be careful, March Futures are trading 400 - 500 points below market - there is some way to go yet. FTSE was down against today, after a gain yesterday.

Try Sharebuilder for dirt chept purchasing, although you dont' have full control over when stocks are bought (it's very Tuesday or something).

E Trade and Ameritrade are quite good for day trading, but check out MSN Money for reviews and advice, it's quite good and can tell you the cost of trades etc, on each platform.

I didn't say that I was going to start investing right now, I meant that this was a good time for me to start getting into it. I'm going to watch the market for a while before investing.

Thanks for the tips. I'll look into them

Kash said:

I didn't say that I was going to start investing right now, I meant that this was a good time for me to start getting into it. I'm going to watch the market for a while before investing.

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For sure, if you have cash lying around just getting in the way, then just after a crash is a good time to pick over the remains of the market.

I like Sharebuilder because you can set it up to buy a set of stocks every week for a fixed amount of cash, so it's a good way to build up a diverse portfolio over a period of time. The only tricky bit is deciding what to buy... heh!

Zoolook said:

For sure, if you have cash lying around just getting in the way, then just after a crash is a good time to pick over the remains of the market.

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Well I've been saving up for a while, and by the time March rolls around, I should have enough extra cash lying around to feel safe investing.

The only tricky bit is deciding what to buy... heh!

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You got that right!!