I just sold the Apple shares I bought at $146, for $327.
One day, historians will recall that $146 opportunity as a unique aberration: a chance to buy a blue chip stock (with $200 billion-with-a-"b" cash reserves) at an insane 100% discount. If this were jellybeans, people would have been shooting each other in the streets for a chance to buy.
I likely won't get that return again, but the cycle will surely repeat. And the next time AAPL sinks due to some crappy worry snowballing into irrational panic, I’ll buy, per my trusty strategy.
I’m not faster, richer, or smarter than the market, but I am more patient, my sole edge. And in this gloriously endlessly repeating case, I know with near certainty that whatever issue may tailspin Apple’s stock will not drop it permanently into penny stock territory. So while one day I may fail to profit from a subsequent recovery (nothing's forever), the disappointing sales report or tariff rumor or bendy iPhone case at least won't tank the company into nothingsville, and that constrains my downside. The upside, meanwhile, continues to pay my bills.
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1 comment:
I sold my AAPL shares at $250, dammit!
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