Apple must face lawsuit over Tim Cook's China 2018 sales predictions

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  • Reply 21 of 28
    GeorgeBMacgeorgebmac Posts: 11,421member
    DAalseth said:
    lkrupp said:
    rob53 said:
    The market is simply legalized gambling. There’s no guarantees so you win some, you lose some. Everyone knows that when they “invest” in the market. 
    I assume, then, that you do not invest in the stock market? I hope you realize that no matter how much you save, or where you save it, you will lose money over the long hall. The cost of living will see to that. A balanced, well managed portfolio is not legalized gambling
    I don’t. My folks invested in a mutual fund through the 70s, 80s, and into the 90s and lost money. Friend of mine invested in the 90s and almost lost his house. That sort of thing happened multiple times to friends and family members. I looked into investing over the years, and every company I thought of buying into either folded or turned out to be a scam. The ones I didn’t want to bet on, Apple, did well. It’s just a crap shoot. People say they have a system to win at blackjack too. But they don’t come out ahead either. 

    Yeh, it seems that every investment advisor has "a system" -- just like every serious gambler.
    I find that the only good system is to base decisions on reality - all of reality (including other's delusions).   The hard part is telling the difference between fiction and reality.
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  • Reply 22 of 28
    wood1208wood1208 Posts: 2,954member
    Not sure why any company gives future guidence. Every company should say, no one has control over future so whatever future brings, that is our guidance.
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  • Reply 23 of 28
    larryjwlarryjw Posts: 1,040member
    Sarkany said:
    Information like that can't be kept secret from shareholders. I'd raise a fit too if I had Apple shares and found out too late about China's decline in sales.
    Funny how these "smart" investors are too lazy to do their own research. Yet my guess is they promote their investment savvy in roping in clients -- you know -- they've beaten the market 9 out of the last 10 years. 

    Cook should have told them .... I thought they were professionals and not cons. Given Trump's attacks on China and the application of tariffs, one should have guessed.

    I suppose instead of doing their homework, they decided if their investments went south, they could always sue.

    Sorry, no sympathy from me.
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  • Reply 24 of 28
    DAalseth said:
    lkrupp said:
    rob53 said:
    The market is simply legalized gambling. There’s no guarantees so you win some, you lose some. Everyone knows that when they “invest” in the market. 
    I assume, then, that you do not invest in the stock market? I hope you realize that no matter how much you save, or where you save it, you will lose money over the long hall. The cost of living will see to that. A balanced, well managed portfolio is not legalized gambling
    I don’t. My folks invested in a mutual fund through the 70s, 80s, and into the 90s and lost money. Friend of mine invested in the 90s and almost lost his house. That sort of thing happened multiple times to friends and family members. I looked into investing over the years, and every company I thought of buying into either folded or turned out to be a scam. The ones I didn’t want to bet on, Apple, did well. It’s just a crap shoot. People say they have a system to win at blackjack too. But they don’t come out ahead either. 
    A balanced portfolio won’t result in large losses over time. In fact, it’s one of the few solid ways to beat inflation, other than a good piece of property. If a person buys gold, for example, they’re just maintaining what they’ve invested over time. It doesn’t grow value. A good company like Apple, on the other hand will handily beat inflation and provide annual returns sometimes hundreds of percentage points. Over the last year AAPL grew about 80%.
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  • Reply 25 of 28
    GeorgeBMacgeorgebmac Posts: 11,421member
    DAalseth said:
    lkrupp said:
    rob53 said:
    The market is simply legalized gambling. There’s no guarantees so you win some, you lose some. Everyone knows that when they “invest” in the market. 
    I assume, then, that you do not invest in the stock market? I hope you realize that no matter how much you save, or where you save it, you will lose money over the long hall. The cost of living will see to that. A balanced, well managed portfolio is not legalized gambling
    I don’t. My folks invested in a mutual fund through the 70s, 80s, and into the 90s and lost money. Friend of mine invested in the 90s and almost lost his house. That sort of thing happened multiple times to friends and family members. I looked into investing over the years, and every company I thought of buying into either folded or turned out to be a scam. The ones I didn’t want to bet on, Apple, did well. It’s just a crap shoot. People say they have a system to win at blackjack too. But they don’t come out ahead either. 
    A balanced portfolio won’t result in large losses over time. In fact, it’s one of the few solid ways to beat inflation, other than a good piece of property. If a person buys gold, for example, they’re just maintaining what they’ve invested over time. It doesn’t grow value. A good company like Apple, on the other hand will handily beat inflation and provide annual returns sometimes hundreds of percentage points. Over the last year AAPL grew about 80%.

    Huh?
    Right now bonds are almost guaranteed to lose money -- interest rates on treasuries are less than inflation and, when rates finally do go up then you lose principle unless you hold them till maturity (but then you tie your money up in money losing bonds)

    And the PE ratio of the S&P is at 35 -- over double its long term average -- so that too is likely to go down more than it looks to go up.

    But, the pros keep telling people that overall the market is guaranteed to go up -- simply because it always has.   That works if you have a 100 year horizon (maybe).   But most tend to buy in when its high and sell when its low.   And just as the weather is increasingly having unpredictable fits, so are the stock markets.

    There are no guarantees -- except getting in and getting out at the right time.   But that's tricky.

    Right now things are all pumped up with a $4 Trillion deficit and negative real interest rates.   One can only speculate what will happen when things get back to normal.   But that's more likely to be a nightmare than a dream.  Essentially, we have no exit plan.  So, the Fed has promised to keep their foot on the gas till ....  Well, nobody knows.   Not even the Fed.
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  • Reply 26 of 28
    DAalsethdaalseth Posts: 3,297member
    DAalseth said:
    I don’t. My folks invested in a mutual fund through the 70s, 80s, and into the 90s and lost money. Friend of mine invested in the 90s and almost lost his house. That sort of thing happened multiple times to friends and family members. I looked into investing over the years, and every company I thought of buying into either folded or turned out to be a scam. The ones I didn’t want to bet on, Apple, did well. It’s just a crap shoot. People say they have a system to win at blackjack too. But they don’t come out ahead either. 

    How does investing almost lose you a house? Unless you mortgage your house to get money to invest or use your rent money to invest... which are both stupid.
    Exactly. But he was an engineer so he “understood how to invest safely”.
    yoyo2222
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  • Reply 27 of 28
    DAalsethdaalseth Posts: 3,297member
    DAalseth said:
    lkrupp said:
    rob53 said:
    The market is simply legalized gambling. There’s no guarantees so you win some, you lose some. Everyone knows that when they “invest” in the market. 
    I assume, then, that you do not invest in the stock market? I hope you realize that no matter how much you save, or where you save it, you will lose money over the long hall. The cost of living will see to that. A balanced, well managed portfolio is not legalized gambling
    I don’t. My folks invested in a mutual fund through the 70s, 80s, and into the 90s and lost money. Friend of mine invested in the 90s and almost lost his house. That sort of thing happened multiple times to friends and family members. I looked into investing over the years, and every company I thought of buying into either folded or turned out to be a scam. The ones I didn’t want to bet on, Apple, did well. It’s just a crap shoot. People say they have a system to win at blackjack too. But they don’t come out ahead either. 
    A balanced portfolio won’t result in large losses over time. In fact, it’s one of the few solid ways to beat inflation, other than a good piece of property. If a person buys gold, for example, they’re just maintaining what they’ve invested over time. It doesn’t grow value. A good company like Apple, on the other hand will handily beat inflation and provide annual returns sometimes hundreds of percentage points. Over the last year AAPL grew about 80%.
    And thats what I parked my money in. Our house is about paid off. Some years ago we bought a rental property and the renters have paid for most of that. In a few years we’ll sell them and retire with a nice stash. I invest in real things, not slick sales presentations.
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  • Reply 28 of 28
    GeorgeBMacgeorgebmac Posts: 11,421member
    DAalseth said:
    DAalseth said:
    lkrupp said:
    rob53 said:
    The market is simply legalized gambling. There’s no guarantees so you win some, you lose some. Everyone knows that when they “invest” in the market. 
    I assume, then, that you do not invest in the stock market? I hope you realize that no matter how much you save, or where you save it, you will lose money over the long hall. The cost of living will see to that. A balanced, well managed portfolio is not legalized gambling
    I don’t. My folks invested in a mutual fund through the 70s, 80s, and into the 90s and lost money. Friend of mine invested in the 90s and almost lost his house. That sort of thing happened multiple times to friends and family members. I looked into investing over the years, and every company I thought of buying into either folded or turned out to be a scam. The ones I didn’t want to bet on, Apple, did well. It’s just a crap shoot. People say they have a system to win at blackjack too. But they don’t come out ahead either. 
    A balanced portfolio won’t result in large losses over time. In fact, it’s one of the few solid ways to beat inflation, other than a good piece of property. If a person buys gold, for example, they’re just maintaining what they’ve invested over time. It doesn’t grow value. A good company like Apple, on the other hand will handily beat inflation and provide annual returns sometimes hundreds of percentage points. Over the last year AAPL grew about 80%.
    And thats what I parked my money in. Our house is about paid off. Some years ago we bought a rental property and the renters have paid for most of that. In a few years we’ll sell them and retire with a nice stash. I invest in real things, not slick sales presentations.
    That's smart -- if you have what it needs to pull it off.
    As an accountant I realized not only how easy (and legal) it is to shade things but that really it's only the insiders who really know what's going on.

    But, for the past 12 years its been easier because the Fed has been driving force so, for the most part, all you have to do is go with the flow.   Or, as the analysts say "Don't fight the Fed".

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