何毓琦的个人博客分享 http://blog.sciencenet.cn/u/何毓琦 哈佛(1961-2001) 清华(2001-date)

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Story of my Apple Stock

已有 2234 次阅读 2020-8-20 03:45 |个人分类:生活点滴|系统分类:海外观察

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I have written earlier (some five years ago) about buying the stock of APPLE in 1981 at $1/share (price adjusted for stock splits), and selling it at $3/share before the iPhone debut and congratulating myself for tripling my money. Today the APPLE stock close at $467/share and the company has become worth 2 Trillion dollars, a first in history anywhere in the world. May be this is sour grapes to say I am quite comfortable and happy in my retirement and do not regret the lost opportunity. But it does illustrate my own experience and advice on investment which I did not completely follow. So it is worth repeating here:

  1.     Find a company whose product you know something about beyond just good financials. In 1981 I thought APPLE is very technically creative and has a good procut, The Macintosh computer. 

  2.     Save your money and Buy the company stock,

  3.     Hold onto your investment.

It is this last peice of advice I did not fully adhere to (If I did, it will be 467 times and not just 3 times). Let that be a lesson to ordinary and non professional investors like myself. 



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