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Monday, December 5, 2022
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MAN BOUGHT $200 WORTH OF APPLE SHARES WHEN IT WAS $0.43 OVER 20 YEARS AGO

A man shared a story about how he bought apple shares over 20 years ago and his initial investment of about US$200(SGD$285) became part of his retirement fund.

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He earned about US$70,000 (SGD$100,000) after he sold it in 2022.

Here is the story:

My most successful long-term, buy-and-hold investment. I bought a small part of Apple’s share when it was around $0.40 to $0.45 in 2001.

It’s value increased a few years later and my friends was telling me to sell it. But I did not. Most of my friend sold it and they regret to this day.

Initially I was selling it after it raise a bit and selling if after it falls but it all changed.

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I’ve bought AAPL a few times now, and every time, I make a killing over a few months and think “Okay, I’m getting out and I’ll buy back in when it falls.” And then it doesn’t fall, for years. Finally I said screw it, and I’m going to just leave a bit in AAPL for the long haul. If I want to play prices, I’ll open a second position.

So I had around US$200 worth of Apples shares and I eventually forgotten about them and I continued with my day job.

When the iphone came out, again my friends was telling me to sell it but i did not.

I just sold it earlier this month in September 2022 for $150 a share. I made almost SGD$100,000 after commissions.

Sometimes it’s worth it to trust your gut and go for it. This is going to addon to my retirement fund.

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