Tubes Asylum

RE: You paid too much...

216.197.217.144

This Post Has Been Edited by the Author

In Reply to: RE: You paid too much... posted by dirtyvinyl on March 29, 2017 at 13:37:04

I bought Apple around 2002 for $18 a share, and in keeping with my investment strategy, sold when it doubled.

Of course had I kept it it would be worth much more today, plus there were a few stock splits in the mean time, but you can't cherry pick when you can't predict the future.

You could have bought Harley-Davidson in 1984 during the buyout and IPO (stock split I forget how many times but I know that the last time I did the math, $10,000 of HD in 1984 was worth $250,000 and that was during the 90's.

Apple was as low as $13 only nine years ago. It's not like people didn't have enough chances to buy in.

But, in the long term, investing in a basket of reasonably well run companies should give you an average return of about 10% a year. That would include times when the portfolio went down as well as up. In market speak, "long term" is not three years, it's thirty.

Follow Ups: