“Being an Apple fan has paid off handsomely for Alex Gerb,” Heather Long reports for CNNMoney.
“He doesn’t just own the products, he owns the stock. He’s made close to $50,000 since he first bought Apple shares in 2007,” Long reports. “While working his way through college in Maryland, he took all the money he had to his name — about $4,000 — and bought the stock. Friends thought he was a little nuts. Now they kick themselves for not following his lead.”
MacDailyNews Take: Smart guy, than Alex Gerb!
“Gerb is hardly alone. Apple is one of the most popular stocks on the planet. People are making big money off the stock’s phenomenal rise in the last decade.
In January 2005, the stock was trading for around $5 a share,” Long reports. “Today it’s worth about $130 a share and is the most valuable company in the world.”
Much more, including gripes about Apple’s “skimpy” dividend, in the full article here.
MacDailyNews Take: Success stories? On paper or realized, let’s hear ’em!
We’ll start: In 1997, a friend remarked that he had some $32,000 in his checking account that wasn’t doing much for him. The money coming in was good and he was just adding it to his account. It was earning no interest at all; it was just sitting there. We discussed the recent return of Steve Jobs to Apple and how, perhaps, that $32,000 might be better put to work by investing in AAPL. Our friend did just that, he purchased $32,000 of AAPL shares in August 1997 and still holds the vast majority of those shares today. That investment turned out alright, huh?