“Apple keeps going up quietly, pretty much every single week. While there hasn’t been much discussion on it these days, Jim Cramer hasn’t forgotten about it,” Abigail Stevenson reports for CNBC. “‘Apple’s endless, inexorable rise is a huge underpinning of this market, and we should never forget that fact,’ said the ‘Mad Money’ host.”
“According to Cramer, the secret to Apple: You don’t trade it, you own it,” Stevenson reports. “Considering the fact that Apple is the largest stock in the world with a $650 billion market cap, and yet it is still up 38.5 percent year-to-date. That kind of move normally happens with a company that is being taken over, a biotech or a smaller capitalization. But the biggest company on Earth? That’s epic.”
“The ‘Mad Money’ host thinks that investors can fuss over Alibaba’s trading, trash Marissa Mayer and her amazing performance at Yahoo, and tweet love about Twitter,” Stevenson reports. “But Cramer is going with Tim Cook and Apple, as slow and steady wins the race. That’s his story, and he’s sticking to it. Hang on to your Apple, folks.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
Bingo. Slow, steady and long term investment vision
Some wise words from someone who is normally full of shit.
Not just sometimes.
He wasn’t saying it when the stock was down.
Yes he was.
I bought 10 shares of Apple in August. I’m up 17% just since then. Not too shabby. You don’t want to know about the GTAT stock I bought though.
I’ve been long AAPL since 2000.
Always reinvesting dividends back into AAPL.
It’s the gift that just keeps giving!
I’ve been long for a decade. I remember with sweet savor the mocking smirks from Windows’ sufferers. Haven’t heard shit in a satisfying eternity.
I bought the day the iPhone was introduced. It was obvious that the world had changed.
I bought when they announced that OS X would be Unix based. I’m up 4000% since then.
🙂 Love those stories.
Lovely feeling that isn’t it and so deserved by those arrogant, smug know it alls.
38% YTD ain’t slow.
Bought a few at 9 and a half bucks split adjusted its 1.30 something
Shoulda bought more than 13 grand worth, damnit!
That’ll learn me !-)
Bought $7500 worth at a split adjusted $1.07 in 2003.
Sweet, sweet investment. Bought a bunch in 1995. Kept buying shares and have held on. I’m 66 and will go into retirement a happy camper.
Bought $11k worth of shares 7 years ago and have reinvested all dividends since…needless to say, I’m smiling today… And to think, my wife thought I was crazy…
Your wife and mine sound just alike. I convinced her anyway and we’ve quadrupled our money as of today.
Who thinks Apple would still be about $780 right now if it didn’t split? Just thrown that out there.
Definitely not as high as $780. The boo-birds would be yelling how Apple is too expensive while greedily buying Priceline at $1200 a share. That’s the type of investor mentality I really don’t quite understand. Fundamentals are fundamentals. If they work for one they should work that way for all.
Has anybody else noticed how stable the price has been since the split? I guess it’s harder to manipulate now.
So the moron gets it right occasionally, but only because he throws darts.
Just over 10 years ago I came very close to investing but being in my early 20’s not earning a huge amount and with no other investments I admittedly chickened out. Coming up on 3 years ago I bit the bullet and used up the remainder of my ISA allowance for that year and bought (what is now) 108 shares. I bought them pretty much at a high at the time but having put it off just wanted to get in as I couldn’t see them going down. As it happens I’m now at about 30% increase so am more than happy. My only regret is again not trusting my instinct and buying more, but at least I’m in and not kicking myself even more than I was having delayed my investment originally. Even if Apple were to fail they’re going to take a long time with the momentum they have.
I bought AAPL in 2012, about halfway through its gut wrenching drop from $100 to $55 (split adjusted). Months and months in, it felt like a terrible decision. Glad I stuck through it (and even bought more when the price got even lower.) I’m now way ahead of my initial investment, and it looks like it’ll keep on growing with all that good news from iPhone and Mac sales growth and entering the payment and watch markets. I’m catching up to you early AAPL investors, slow and steady like, just you watch!