Hey, smart money people, WWYD with 60k right now investment wise?
Hey, smart money people, WWYD with 60k right now investment wise?
"You're all very smart, and I'm very dumb." - Partial
Pay off my mortgage.
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Your fascination with AAPL is blinding, isn't it?
The frustrating thing is that the $600/share estimate is not new, but they keep moving back the "expected by" date. To get to $610, AAPL would increase about 60% from its current price of around $385, but would have to increase around 50% from its high. It has a lot of new territory to go through to get to $600. I think there are other stocks that can do just as well, some of which will also kick in a nice dividend that AAPL does not. Stocks that have been unfairly punished over the last couple months.
I will continue to hold my AAPL stock, but doubt that I will be adding to it. I think there are "better buys" out there. Stocks that could return nearly 50% just by recovering to their recent highs of this year, from which they had been expected to gain 10%-20% just a couple months ago. There were no reasons for some of these stocks to have declined as much as they have, other than just the general market sell off.
I don't care how long it takes. Eventually AAPL will get to a 20ish PE like most other big companies. They're a steal and a half and not going anywhere any time soon. I don't have the time to day trade, so I stick with safe stocks mathematically backed to have big returns.
I'm more than happy with the 100% returns I've seen on my AAPL. I'll be overjoyed at 200% in a 3 year stint. That's pretty unbelievable.
Who said anything about day trading?
Your 100% return on AAPL is not all that unusual or unique for the period during which it happened. If you have a 100% return, you have owned the stock for around 2 years, at least. During that same time period, you would have had a 200% return already if you had bought PCLN ($500+ now, $160s just 2 years ago). CMI was in the low $40s 2 years ago and hit $120 earlier this year. CAT was in the $30s and $40s in the summer and fall of '09 and is in the high $80s now after having been above $110 for a while this spring and summer. DE went from the low $40s to above $90 and currently is around $80. HOG went from sub $20 to plus $40.
While your initial investment may increase by another 100% if AAPL hits $600, the gain for new money invested (or of the current value of your AAPL holding) will be around 60%. To get there, AAPL has to travel through a price territory that it has never been in. It is in a highly competitive market where one misstep could have a significant impact. I think AAPL is pretty well positioned to get to $600, but I also think there are some old, stodgy companies that might have similar returns from this time forward (if we don't go into another recession), and they can get there just by continuing to do what they have done for 100 years or more. To hedge my bets, I will probably buy some of those soon to hold along with the AAPL stock I already have.
You may have just gotten lucky, Pat, I have no idea. Historical annual yields are what, less than 10%. 100% in 2 years when I should be earning 18-20% if spectacular. Sure, some stocks may do better, others may do worse. If I make a 300% profit in 4 years, which mathematically will likely happen, that's downright unbelievable. Regardless of your stocks may have done, it's foolish to say that AAPL has been anything less than a dream stock.
I don't know what those other companies are, so I don't have much to say about them other than good, I'm glad they're doing well.
AAPL is recession proof right now. It's unbelievably safe. The PEG ratio is fantastic. People are not going to stop buying iPhones and iPads anytime soon. Apple has this market by the balls and the strangle hold will only continue to get stronger while the total size of the market increases. 150M iPhones in one year at 400 profit per phone?? RIDICULOUS!!
Why? Patler has made money, I've made money, so that's excellent. It's not foolish to love a stock that is recession proof, has gone up >100% in two years, and is likely to hit 1000 within a few years, giving me a >500% return. Yes, I know, when the market would have made me ~50% in 5 years, I've been busy making 500%. 10x market pace IS priceless!
LIFE IS ABOUT CHAMPIONSHIPS; I JUST REALIZED THIS. The MILWAUKEE BUCKS have won the same number of championships over the past 50 years as the Green Bay Packers. Ten years from now, who will have more championships, and who will be the fart in the wind ?
Come on, I wanted the smart people to answer...
"You're all very smart, and I'm very dumb." - Partial
Here's a boring answer:
large cap stocks with high dividend yields and good cash flow. Collect the dividend while you wait for the growth.......puts a floor on downside too.
After lunch the players lounged about the hotel patio watching the surf fling white plumes high against the darkening sky. Clouds were piling up in the west… Vince Lombardi frowned.
Skin, buy a home or two and rent 'em. You would make a great slum lord.
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