Buy and hold Apple shares

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anonforthis
Posts: 414
Joined: Sat Oct 19, 2013 1:45 pm

Buy and hold Apple shares

Post by anonforthis » Mon Aug 24, 2015 9:10 pm

I bought 100 shares of AAPL today. We were supposed to buy a new truck with this money. My husband has a truck but it is an old one. We decided to buy an old sedan and Apple shares instead. We hope to sell these shares at $150 and these 2 vehicles won't die before that. Will we come out ahead with this decision?

AllenSmith
Posts: 136
Joined: Tue May 13, 2014 1:35 pm

Re: Buy and hold Apple shares

Post by AllenSmith » Mon Aug 24, 2015 9:18 pm

Depends, did you buy at $92 or $108 today?

John3754
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Re: Buy and hold Apple shares

Post by John3754 » Mon Aug 24, 2015 9:23 pm

anonforthis wrote:Will we come out ahead with this decision?


Answering this question would require us to be able to tell the future.

randomguy
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Re: Buy and hold Apple shares

Post by randomguy » Mon Aug 24, 2015 9:30 pm

AllenSmith wrote:Depends, did you buy at $92 or $108 today?


Ideally you would have bought at 92 and sold at 108. And probably have a chance to repeat tomorrow:)

Jim180
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Joined: Wed Jun 26, 2013 9:47 pm

Re: Buy and hold Apple shares

Post by Jim180 » Mon Aug 24, 2015 11:45 pm

The odds are that you will come out ahead if you hold the shares long enough. Will it be before you need a new vehicle? Who knows?

rakaye47
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Re: Buy and hold Apple shares

Post by rakaye47 » Tue Aug 25, 2015 3:38 am

anonforthis wrote:I bought 100 shares of AAPL today. We were supposed to buy a new truck with this money. My husband has a truck but it is an old one. We decided to buy an old sedan and Apple shares instead. We hope to sell these shares at $150 and these 2 vehicles won't die before that. Will we come out ahead with this decision?


You shouldn't gamble with money that would hurt your standard living if you lost it. Buy both cars and enjoy your boost in standard of living.

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DaftInvestor
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Re: Buy and hold Apple shares

Post by DaftInvestor » Tue Aug 25, 2015 6:18 pm

Hard to say. Short term we could be in a Bear market causing Apples stock to drop and stay down for years. Long term Apple products could (once again) fall out of favor killing the high-growth expectation built into the stock price.
Last edited by DaftInvestor on Wed Aug 26, 2015 3:01 pm, edited 1 time in total.

TFinator
Posts: 175
Joined: Thu Jan 09, 2014 5:03 pm

Re: Buy and hold Apple shares

Post by TFinator » Tue Aug 25, 2015 6:22 pm

OP, with all due respect, how can you have 300+ posts on Bogleheads and still ask the question.

Simple Simon
Posts: 59
Joined: Sat Apr 26, 2014 4:37 am

Re: Buy and hold Apple shares

Post by Simple Simon » Tue Aug 25, 2015 6:28 pm

Problem is you can't drive an Apple share

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