Monday, November 26, 2018

Another Bite of AAPL

I bought a bunch more Apple stock at $172, following my previous buy at $192. I've kept some cash on hand to buy still more in case it sinks further, but I'll be very happy with a 33% profit once it recovers to its previous high - or more as it shoots even higher (every lengthy dip in Apple's history has been followed by a new high - though I know I can't count on that happening forever, so I sell incrementally as the stock snaps back).

If it takes a year or more to recover, yippee. That means I'll pay low long-term capital gains taxes.

If China attacks Apple as part of the trade war (which no one is currently predicting), I may not get that profit after all, but I doubt I'd incur much loss.

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