wuqijun
October 31, 2018, 7:15pm
423
Not interested in knowing anything you own besides Aapl.
Jil
October 31, 2018, 7:36pm
424
Before this market was down, I sold some TEVA at 24 to 24.75 and now I bought same equal shares at 19-20 range. Since this is in retirement account, no tax implications. By doing this, I booked 100k profit.
That is why my YTD realized gain is high.
1 Like
hanera
October 31, 2018, 7:57pm
425
Actually I sold most of them to buy houses
Don’t have much.
2 Likes
manch
October 31, 2018, 8:01pm
426
Tech Drove Stocks Skyward. It’s a Different Story on the Way Down. - The New York Times
wuqijun
October 31, 2018, 8:23pm
427
Yes, houses are better bet for long term stability than Aapl.
1 Like
Jil
October 31, 2018, 8:40pm
428
hanera:
Incredible ! Of Course, worth sell AAPL to buy Cupertino (I guess) home !!
BAGB
October 31, 2018, 8:48pm
429
What? I don’t understand what you guys are talking about!
Did hanera sell most of his aapl in 1998 and 1999?
What does the column with 54,000% mean?
harriet
October 31, 2018, 8:51pm
430
He wasn’t even physically here yet to buy his fortresses in the late 90s.
BAGB
October 31, 2018, 8:51pm
431
He was buying his Singapore mansion
he bought in 97 and 98. the appreciation from purchase price ($0.40 split adjusted) is 54,000 percent
1 Like
BAGB
October 31, 2018, 9:12pm
433
Wow, stock is the way to wealth.
I hope he bought 7k shares in 1998, that’s only $40000. That would be 20M today.
If he used $40k to buy a Cupertino house in 1998, he might make $2M. So Aapl gave him 10x acceleration
1 Like
wuqijun
October 31, 2018, 9:44pm
434
Don’t get too excited. @hanera sacrificed 20 years of his life for this kind of gain. Where are you going to be in 20 years?
2 Likes
BAGB
October 31, 2018, 9:46pm
435
20 years of sacrifice on what? He bought 7000 shares and then forget about it. There is no scacrifice. Aapl shares provided him continued excitement so that he can survive the boring life
harriet
October 31, 2018, 9:46pm
436
Where were you in 1998?
Okay fine I guess down payment was not required back then.
BAGB
October 31, 2018, 9:48pm
438
I don’t see any company that’s going to be as good as aapl. So I’ll forget about stocks
$40k was the down payment for a 1998 Cupertino house with 10% down
hanera
October 31, 2018, 9:54pm
439
How can you say this when you didn’t do your due diligence? Just few years ago, you can buy FB, TSLA and NVDA on the cheap. Today, some of 10x stocks could give you those returns. Do DD, tell us which one you like.
BAGB
October 31, 2018, 9:56pm
440
But in 1998, no DD can reveal that aapl is going to rise 540 times.
Maybe just DCA on sp500 index and hope that dummie defeat smarties.
Or just buy houses and hope for a steady but smaller nest egg. Stability is another dimension we need to consider
1 Like
wuqijun
October 31, 2018, 10:00pm
441
You could’ve purchased your favorite tech stocks back in 1998. Could’ve been Apple, Msft, Intel, Cisco, Amzn, among others. Most would not give you 500x, but maybe one of them would.
1 Like
BAGB
October 31, 2018, 10:02pm
442
In 1998, no one would buy Aapl. Most people would buy msft, inc and CSCO. You can’t buy amzn since it’s not even public