Glad you came around that you were wrong - but I was not wrong at all, I used your numbers and pointed out the truth. I didn't say one share was worth $400, I went with your claim that one share bought before the split was now worth $400 in two shares.
Next time, if you're not going to check your numbers before you post them, try checking them at LEAST when someone calls you on them, OK?
Nice to know you can't accept a simple apology gracefully.
I'll also try to remember to check with you first before I post anything. Not!
Buddha forbid I have an opinion or position that differs from yours.
But you are still very wrong on your math. And I am always wary of anyone you claims to know the "truth" as apposed to knowing what is accurate.
Either way, good luck when you do sell. I'm sure your CPA will have a good laugh when you try to explain your theory when it comes to capital gains.
Either way, good luck when you do sell. I'm sure your CPA will have a good laugh when you try to explain your theory when it comes to capital gains.
Already out (would anyone be so intellectually dishonest to recommend that others sell and not do it himself?). I'm happy to pay capital gains taxes rather than lose the money outright.
But you are still very wrong on your math. And I am always wary of anyone you claims to know the "truth" as apposed to knowing what is accurate.
There's a difference between the truth and what's accurate? You realize we're talking about history here - you said you bought the stock for $14 a share two years ago and now those shares are worth effectively $400 because of a split. Here's your exact quote:
Quote:
"And I'm still kicking myself for not buying more in February '04, when it hovered around $14.... $14 to an effective $400 (due to the previous two-for-one split) in less than six years."
Since Apple has gone from just below $14 (when factoring for one split) in Feb of 2004 to just below $200 today, the math is very simple. The actual price back then was twice what it is today, and the stock has split once. So you could buy 1/2 of a share for $14 back then, or you could buy one for $28. Either way, $14 didn't turn into $400, and that's all I ever claimed.
And that's "The Truth"(TM)
Go ahead and dispute it, you're only making yourself look dumb. Either way, I'm done talking about it. I was only trying to help - I know lots of people get very confused when it comes to stock splits and figured you could use the help.
Splits are easy to understand. If a stock you hold splits 2:1, you have twice as many share as before at half the share price. Your cost basis is cut in half, but that's really only important for figuring capital gains when you sell, and then only if you sell only a portion of your holdings. Nothing else changes.
There's a difference between the truth and what's accurate? You realize we're talking about history here - you said you bought the stock for $14 a share two years ago and now those shares are worth effectively $400 because of a split. Here's your exact quote:
Since Apple has gone from just below $14 (when factoring for one split) in Feb of 2004 to just below $200 today, the math is very simple. The actual price back then was twice what it is today, and the stock has split once. So you could buy 1/2 of a share for $14 back then, or you could buy one for $28. Either way, $14 didn't turn into $400, and that's all I ever claimed.
And that's "The Truth"(TM)
Go ahead and dispute it, you're only making yourself look dumb. Either way, I'm done talking about it. I was only trying to help - I know lots of people get very confused when it comes to stock splits and figured you could use the help.
Thank you for proving my point about people who claim to know "the truth", which can always be spun based upon your beliefs or understanding, as opposed to what is factually accurate.
You have misinterpreted what I had written in my first post, and held onto that one comment tightly. I corrected myself on the actual date of purchase, incorrectly assuming that you could follow a corrected statement. Instead you have held firm to my original post, despite the fact that I corrected the date of purchase to what actually occurred, in a later post. First, you grabbed onto Feb '04 (which I later posted was the wrong date). Then you changed it to Feb 2005 (which I never wrote). Now you claim that I wrote that I purchased the AAPL shares two years ago? Are we in a time warp? Or are you just purposefully trolling at this point for the lulz.
Not that I really give a heck. But we are approaching the holidays and I was wondering what reading comprehension self-help book I should be recommending that you buy for yourself.
Splits are easy to understand. If a stock you hold splits 2:1, you have twice as many share as before at half the share price. Your cost basis is cut in half, but that's really only important for figuring capital gains when you sell, and then only if you sell only a portion of your holdings. Nothing else changes.
Exactly.
However, if a certificate of a certain stock takes a flight out of Boston at 6am EST, heading West, and another certificate of the same stock takes a train from San Francisco at 8am PST, heading East...
However, if a certificate of a certain stock takes a flight out of Boston at 6am EST, heading West, and another certificate of the same stock takes a train from San Francisco at 8am PST, heading East...
Comments
Glad you came around that you were wrong - but I was not wrong at all, I used your numbers and pointed out the truth. I didn't say one share was worth $400, I went with your claim that one share bought before the split was now worth $400 in two shares.
Next time, if you're not going to check your numbers before you post them, try checking them at LEAST when someone calls you on them, OK?
Nice to know you can't accept a simple apology gracefully.
I'll also try to remember to check with you first before I post anything. Not!
Buddha forbid I have an opinion or position that differs from yours.
But you are still very wrong on your math. And I am always wary of anyone you claims to know the "truth" as apposed to knowing what is accurate.
Either way, good luck when you do sell. I'm sure your CPA will have a good laugh when you try to explain your theory when it comes to capital gains.
Either way, good luck when you do sell. I'm sure your CPA will have a good laugh when you try to explain your theory when it comes to capital gains.
Or the IRS. Those people have no sense of humor at all.
Either way, good luck when you do sell. I'm sure your CPA will have a good laugh when you try to explain your theory when it comes to capital gains.
Already out (would anyone be so intellectually dishonest to recommend that others sell and not do it himself?). I'm happy to pay capital gains taxes rather than lose the money outright.
But you are still very wrong on your math. And I am always wary of anyone you claims to know the "truth" as apposed to knowing what is accurate.
There's a difference between the truth and what's accurate? You realize we're talking about history here - you said you bought the stock for $14 a share two years ago and now those shares are worth effectively $400 because of a split. Here's your exact quote:
"And I'm still kicking myself for not buying more in February '04, when it hovered around $14.... $14 to an effective $400 (due to the previous two-for-one split) in less than six years."
Since Apple has gone from just below $14 (when factoring for one split) in Feb of 2004 to just below $200 today, the math is very simple. The actual price back then was twice what it is today, and the stock has split once. So you could buy 1/2 of a share for $14 back then, or you could buy one for $28. Either way, $14 didn't turn into $400, and that's all I ever claimed.
And that's "The Truth"(TM)
Go ahead and dispute it, you're only making yourself look dumb. Either way, I'm done talking about it. I was only trying to help - I know lots of people get very confused when it comes to stock splits and figured you could use the help.
There's a difference between the truth and what's accurate? You realize we're talking about history here - you said you bought the stock for $14 a share two years ago and now those shares are worth effectively $400 because of a split. Here's your exact quote:
Since Apple has gone from just below $14 (when factoring for one split) in Feb of 2004 to just below $200 today, the math is very simple. The actual price back then was twice what it is today, and the stock has split once. So you could buy 1/2 of a share for $14 back then, or you could buy one for $28. Either way, $14 didn't turn into $400, and that's all I ever claimed.
And that's "The Truth"(TM)
Go ahead and dispute it, you're only making yourself look dumb. Either way, I'm done talking about it. I was only trying to help - I know lots of people get very confused when it comes to stock splits and figured you could use the help.
Thank you for proving my point about people who claim to know "the truth", which can always be spun based upon your beliefs or understanding, as opposed to what is factually accurate.
You have misinterpreted what I had written in my first post, and held onto that one comment tightly. I corrected myself on the actual date of purchase, incorrectly assuming that you could follow a corrected statement. Instead you have held firm to my original post, despite the fact that I corrected the date of purchase to what actually occurred, in a later post. First, you grabbed onto Feb '04 (which I later posted was the wrong date). Then you changed it to Feb 2005 (which I never wrote). Now you claim that I wrote that I purchased the AAPL shares two years ago? Are we in a time warp? Or are you just purposefully trolling at this point for the lulz.
Not that I really give a heck. But we are approaching the holidays and I was wondering what reading comprehension self-help book I should be recommending that you buy for yourself.
The sky is falling! The sky is falling! The sky is falling!
No. But comprehension sure is.....
Splits are easy to understand. If a stock you hold splits 2:1, you have twice as many share as before at half the share price. Your cost basis is cut in half, but that's really only important for figuring capital gains when you sell, and then only if you sell only a portion of your holdings. Nothing else changes.
Exactly.
However, if a certificate of a certain stock takes a flight out of Boston at 6am EST, heading West, and another certificate of the same stock takes a train from San Francisco at 8am PST, heading East...
Exactly.
However, if a certificate of a certain stock takes a flight out of Boston at 6am EST, heading West, and another certificate of the same stock takes a train from San Francisco at 8am PST, heading East...
True East or magnetic East.