Most of you might be familiar with Apple. But I am pretty sure that most of you don’t have the time nor the interest to go through their financials. So, I went through their annual reports and graphed some charts for you.
Not only does Apple still exist, but Apple is now the world's most valuable publicly traded company. To understand that, let’s take a trip down memory lane. But before diving in, I want you to know that I have used iPhones, Macbooks, iPods and iPads in the past. I now own an Android smartphone and a Windows OS laptop. The following solely represents my thoughts on why Apple still exists in 2020.
Took out a normal-sized position on it back in April. Up over 58% currently so becoming pretty substantial.
Almost touched 110 at the lows, but this is still double the price it was back in the March sell off which turned out to be the amazing entry point!
In terms of real money (silver dollars), AAPL barely moved off that March low. AAPL was up 159.6% against the doll hair while silver led by about a week and was up 157%. The Doll Hair index moved down during the same period...asset inflation in spades.
Interesting how "asset inflation" is just touching a select few American tech stocks. I'm not even sure your numbers are correct. Since March, silver is up about 50%. It is roughly flat over the past ten years, quintupled in the past 20 years, tripled over the past 30 years, and down more than 50% from its all-time-highs almost 40 years ago. AAPL crushes silver over those same time horizons. I'm guessing so do most index funds...
True, AAPL has had a phenomenal long term historical gain in real terms. I was talking about the last 5 months, March to August, when silver was up 157%. And your observation that only a select few tech stocks have managed to eek out a slight gain in that period in real terms is noted. Everything else has been flat (including AAPL) or down against silver. Weekly bars:
Not the S&Pee which was in a bear market against silver dollars for 11 years from Aug 2000 to Aug 2011. From there it completed a near perfect 61.8% retracement in Sept of 2018, went into a distribution trading range, and this past July fell out of bed appearing to be entering a new bear market against silver. Monthly Bars of S&P priced in Silver Dollars: And AAPL has gone nowhere in terms of Silver Dollars since March 2020 when it closed at a price of 4.49 silver dollars. Will it follow the S&P? Yes, I expect so. Monthly Bars of AAPL priced in Silver Dollars:
There is a RUMOR that Berkshire is reducing their Apple position. Disclosure: I don't hold any Apple but have been watching it and might buy at the right price.
