If my portfolio didn't have too much AAPL in it already, I would be buying.
I have quite a bit in AAPL as well, and happily going long on it.
Waiting for the bottom and will be loading up on more.
Isn't this the bottom? I mean how much lower can it go?
Then again this is AAPL......
The lowest it goes is the point when it switches to more willing to buy than there are to sell. And after these new buyers arrive the price goes a little higher and those that shorted are forced to buy back the shares at a higher price than they borrowed them for. Then those that feel they made a mistake in selling their shares at less than the current price buy them back again and it goes higher still. Then the new buyers tell their friends how much they made and that encourages more buyers sending the price higher still. This carries on until some people decide they have made enough and start to sell, and then when there are more sellers than buyers the price falls again. The media like to relate these changes in price to something that happened and quite often they need to look a few days back to find something believable but the reality is the change in trend has nothing to do with that and is all about fear vs greed.
Informative but I was looking for an estimated number because it looks like the bottom at the moment.
Like you, my risk tolerance was much higher when I was working. After retirement, you begin to realize your time to make up for the “downs” is much less. I have yet to have a financial planner give me the answer to “when is it time to switch from long term goals to short team goals.” I also am worried like you the political establishment will decide I was too responsible when I skipped buying things to save for the future. They may think, now that I have a considerable amount saved, some portion of it should go to the “less fortunate.” While I truly believe there are some less fortunate people who deserve help, many of those I know are really ones that lived by the moment and spent beyond their means not thinking about the future.
The only option you have is to vote for those who you "hope" will represent your values. There are a lot of politicians who believe you don't deserve to keep your wealth, no matter how you earned it. Worked hard all your life, saved every year, avoided unnecessary spending. Now you have a nice nest egg saved up. But you're evil because you have accumulated that wealth and now we want to tax you to give to the less fortunate. Completely backwards thinking in my opinion. November 3rd is a very important date.
No one has suggested evil. Unless you're massively wealthy, no wealth tax is going to matter to your retirement plans. The Bezos and Gates of the world can handle a higher tax rate on their upper brackets of income, where the money is used for programs that benefit everyone, from infrastructure to education. We’ve had these upper bracket rates before.
It just shows how close the stock market is to gambling. And most of us depend on it for our retirement...
I'll take 8-12% (S&P500) on my investment over 1.75-5% every day of the week. It have a stomach for the ups and downs, though, and many people (including my wife) do not.
To me, working and setting aside 15% of my income for delayed gratification is far less risky than living now, and hoping that politicians in the future don't think I'm "rich" so they can not give me benefits that others get because of my past earnings.
Like you, my risk tolerance was much higher when I was working. After retirement, you begin to realize your time to make up for the “downs” is much less. I have yet to have a financial planner give me the answer to “when is it time to switch from long term goals to short team goals.” I also am worried like you the political establishment will decide I was too responsible when I skipped buying things to save for the future. They may think, now that I have a considerable amount saved, some portion of it should go to the “less fortunate.” While I truly believe there are some less fortunate people who deserve help, many of those I know are really ones that lived by the moment and spent beyond their means not thinking about the future.
While nobody is even thinking about thinking about redistributing your savings to the poor, they are currently being redistributed to the wealthy by means of the Fed's ZIRP (Zero Interest Rate Policy) that pays nothing on savings and pushes those savings into risk assets that benefit the rich. It also enables the government to finance tax cuts with trillion dollar deficits.
Agreed - you never see conservatives complaining about all these 0% loans and forgivable loans and grants given to major corporations. Poster boy Musk is himself a recipient of millions in corporate welfare, even while adding a quarter to his billions in net worth. The very wealthy enjoy socialism at the top, rugged individualism for everyone else. Aka “socialize the risk, privatize the profits”.
Like you, my risk tolerance was much higher when I was working. After retirement, you begin to realize your time to make up for the “downs” is much less. I have yet to have a financial planner give me the answer to “when is it time to switch from long term goals to short team goals.” I also am worried like you the political establishment will decide I was too responsible when I skipped buying things to save for the future. They may think, now that I have a considerable amount saved, some portion of it should go to the “less fortunate.” While I truly believe there are some less fortunate people who deserve help, many of those I know are really ones that lived by the moment and spent beyond their means not thinking about the future.
The only option you have is to vote for those who you "hope" will represent your values. There are a lot of politicians who believe you don't deserve to keep your wealth, no matter how you earned it. Worked hard all your life, saved every year, avoided unnecessary spending. Now you have a nice nest egg saved up. But you're evil because you have accumulated that wealth and now we want to tax you to give to the less fortunate. Completely backwards thinking in my opinion. November 3rd is a very important date.
Unless you’re super rich, taxing the rich appropriately, to redistribute the hoarded wealth, would not affect you. If you ARE super rich, and you don’t manage your money like a fool (increasing your financial burden up to the point we’re you STILL live paycheck to paycheck), it won’t hurt you.
It has nothing to do with “evil”. Ethics, yes. Participating, giving back to the society that has benefitted you, yes. Not hoarding resources away from society. That’s what it’s about.
The word “evil” is irrelevant here. If someone calls you evil for being wealthy, there’s either more to the situation than mere wealth, or the person has problems with their sense of proportional response.
It just shows how close the stock market is to gambling. And most of us depend on it for our retirement...
I'll take 8-12% (S&P500) on my investment over 1.75-5% every day of the week. It have a stomach for the ups and downs, though, and many people (including my wife) do not.
To me, working and setting aside 15% of my income for delayed gratification is far less risky than living now, and hoping that politicians in the future don't think I'm "rich" so they can not give me benefits that others get because of my past earnings.
Like you, my risk tolerance was much higher when I was working. After retirement, you begin to realize your time to make up for the “downs” is much less. I have yet to have a financial planner give me the answer to “when is it time to switch from long term goals to short team goals.” I also am worried like you the political establishment will decide I was too responsible when I skipped buying things to save for the future. They may think, now that I have a considerable amount saved, some portion of it should go to the “less fortunate.” While I truly believe there are some less fortunate people who deserve help, many of those I know are really ones that lived by the moment and spent beyond their means not thinking about the future.
While nobody is even thinking about thinking about redistributing your savings to the poor, they are currently being redistributed to the wealthy by means of the Fed's ZIRP (Zero Interest Rate Policy) that pays nothing on savings and pushes those savings into risk assets that benefit the rich. It also enables the government to finance tax cuts with trillion dollar deficits.
Agreed - you never see conservatives complaining about all these 0% loans and forgivable loans and grants given to major corporations. Poster boy Musk is himself a recipient of millions in corporate welfare, even while adding a quarter to his billions in net worth. The very wealthy enjoy socialism at the top, rugged individualism for everyone else. Aka “socialize the risk, privatize the profits”.
It just shows how close the stock market is to gambling. And most of us depend on it for our retirement...
I'll take 8-12% (S&P500) on my investment over 1.75-5% every day of the week. It have a stomach for the ups and downs, though, and many people (including my wife) do not.
To me, working and setting aside 15% of my income for delayed gratification is far less risky than living now, and hoping that politicians in the future don't think I'm "rich" so they can not give me benefits that others get because of my past earnings.
Like you, my risk tolerance was much higher when I was working. After retirement, you begin to realize your time to make up for the “downs” is much less. I have yet to have a financial planner give me the answer to “when is it time to switch from long term goals to short team goals.” I also am worried like you the political establishment will decide I was too responsible when I skipped buying things to save for the future. They may think, now that I have a considerable amount saved, some portion of it should go to the “less fortunate.” While I truly believe there are some less fortunate people who deserve help, many of those I know are really ones that lived by the moment and spent beyond their means not thinking about the future.
You’re not at risk due to wealth redistribution. Not in this country. Not with the Democrat party. Even if you’re very comfortably wealthy, you’re no true likely to see serious changes to your taxation.
If you’re ultra-wealthy, then that’s a different story. Still: The ultra-wealthy would have to be financial idiots to be harmed by any sensible redistribution of wealth by proper taxation. Don’t let the crazy “it’s communism” screaming get into your head. Don’t clutch your pearls and quake in fear over guillotine rhetoric. You’ll be fine. You’d be fine even if Sanders were president.
Apple is still a superb stock to own. The P/E is healthy, the cash on hand is unmatched, the leadership is great, and the future is long. We’re going to see a major correction in the next 3-6 months, don’t panic! Take the dividend and reinvest.
Those who remember the crash of 2008, know that AAPL fell by ~50%. That was two slits and many hundreds of dollars per share ago. American politics and fiscal policy are not healthy, but tech innovation is accelerating in myriad new directions. Apple is beautifully positioned.
Apple is still a superb stock to own. The P/E is healthy, the cash on hand is unmatched, the leadership is great, and the future is long. We’re going to see a major correction in the next 3-6 months, don’t panic! Take the dividend and reinvest.
Those who remember the crash of 2008, know that AAPL fell by ~50%. That was two slits and many hundreds of dollars per share ago. American politics and fiscal policy are not healthy, but tech innovation is accelerating in myriad new directions. Apple is beautifully positioned.
Much of Apple's stock price is due to the Fed.
Not only is much of it due to the stock buy backs they did using near zero interest rate loans courtesy of the Fed.
But, by lowering interest rates to zero, they pushed investors into the stock market.
When the Fed tried to raise interest rates just a tiny bit in 2018 the stock market plunged and Apple dropped 32% from $56 to $37.
Right now it sits at $107 - nearly triple its 2018 low. So what changed in the last 2 years? What did Apple do to triple its stock price?
That's not to trash Apple. It's a solid, well run company. It is only to comment on just what, in reality is driving its stock price. Yes, being well run with great products and a solid balance sheet is part of it -- but not all of it. Maybe not even most of it.
"The market can stay irrational longer than you can stay solvent"
Yes, but can the market stay irrational longer than Apple can stay solvent. I'm not being facetious; Apple has both a massive cash stash and a massive cash flow. Heck, it's been trying for years just to get to "cash neutral" (keeping enough cash to exactly balance its debt).
I'm an Apple long term stockholder. Part of me wants to see AAPL drop in value because Apple will gain more bang per buck on their buybacks. The more stock that's removed from the float, the less shares there are that own Apple. And Apple's not getting less valuable; it's getting more valuable. Which means Apple's buybacks amount to Apple investing in AAPL for me, even if I do nothing. Warren Buffett is vey much aware of this, and has remarked on it many times. It's why he doesn't sell the stock.
But the other part of me is quite happy with higher stock prices and dividends. And over the years, the path of both stock prices and dividends has been inexorably upwards.
"The market can stay irrational longer than you can stay solvent"
....
But the other part of me is quite happy with higher stock prices and dividends. And over the years, the path of both stock prices and dividends has been inexorably upwards.
And so have PE ratios. Right now the PE of the S&P is approaching double its long term average -- from back when the U.S was the industrial powerhouse of the world.
Admittedly, right now with negative real interest rates there's no where else to put your money. But, know that this can't last. Particularly with the U.S. printing money at an astronomical rate, deficits well over $3 Trillion and debt approaching the national GDP.
Aside from the post you are responding to, another good truism to keep in mind is: "The best way to make money in the market is to not lose money"
.... Because it takes a 100% gain to make up a 50% loss.
Like you, my risk tolerance was much higher when I was working. After retirement, you begin to realize your time to make up for the “downs” is much less. I have yet to have a financial planner give me the answer to “when is it time to switch from long term goals to short team goals.” I also am worried like you the political establishment will decide I was too responsible when I skipped buying things to save for the future. They may think, now that I have a considerable amount saved, some portion of it should go to the “less fortunate.” While I truly believe there are some less fortunate people who deserve help, many of those I know are really ones that lived by the moment and spent beyond their means not thinking about the future.
The only option you have is to vote for those who you "hope" will represent your values. There are a lot of politicians who believe you don't deserve to keep your wealth, no matter how you earned it. Worked hard all your life, saved every year, avoided unnecessary spending. Now you have a nice nest egg saved up. But you're evil because you have accumulated that wealth and now we want to tax you to give to the less fortunate. Completely backwards thinking in my opinion. November 3rd is a very important date.
Unless you're making over $400K a year, nobody is talking about increasing your taxes.
Comments
Informative but I was looking for an estimated number because it looks like the bottom at the moment.
Agreed - you never see conservatives complaining about all these 0% loans and forgivable loans and grants given to major corporations. Poster boy Musk is himself a recipient of millions in corporate welfare, even while adding a quarter to his billions in net worth. The very wealthy enjoy socialism at the top, rugged individualism for everyone else. Aka “socialize the risk, privatize the profits”.
It has nothing to do with “evil”. Ethics, yes. Participating, giving back to the society that has benefitted you, yes. Not hoarding resources away from society. That’s what it’s about.
The word “evil” is irrelevant here. If someone calls you evil for being wealthy, there’s either more to the situation than mere wealth, or the person has problems with their sense of proportional response.
👍🏽
[applause]
If you’re ultra-wealthy, then that’s a different story. Still: The ultra-wealthy would have to be financial idiots to be harmed by any sensible redistribution of wealth by proper taxation. Don’t let the crazy “it’s communism” screaming get into your head. Don’t clutch your pearls and quake in fear over guillotine rhetoric. You’ll be fine. You’d be fine even if Sanders were president.
I'm an Apple long term stockholder. Part of me wants to see AAPL drop in value because Apple will gain more bang per buck on their buybacks. The more stock that's removed from the float, the less shares there are that own Apple. And Apple's not getting less valuable; it's getting more valuable. Which means Apple's buybacks amount to Apple investing in AAPL for me, even if I do nothing. Warren Buffett is vey much aware of this, and has remarked on it many times. It's why he doesn't sell the stock.
But the other part of me is quite happy with higher stock prices and dividends. And over the years, the path of both stock prices and dividends has been inexorably upwards.
"The best way to make money in the market is to not lose money"