4aapl
Moderator
Posts: 3,635
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Post by 4aapl on May 14, 2015 14:21:41 GMT -8
I'm intrigued by today's market action. I kept expecting the infamous fade in the last hour, as there were plenty of profits to take. But not today. Maybe Mercel being out of the Country and Mad Max (Fester) leaving the stock really are the catalysts we need. Hmmmm. If you don't mind thinking there's a master plan, this is just like the last 2 Friday's, but moved up a day. And that isn't just in AAPL, but the whole market. For AAPL, daily volume vs options OI is changing, so that options now have more power than they did a week or two ago. That doesn't mean they will necessarily pull the stock to where it might, but those peaks at 130 are a lot closer than they were yesterday. But IMO we're at that point, with AAPL and the market, that things are baked in and we're in a range, and investors are deciding if and when to break out of that range. It's going to happen eventually, but for AAPL I think we'll see a repeat of the last few weeks, with a few positive days, and then a bigger negative. Still, the floor is moving up, and I wouldn't be surprised to see next week's low be today's high. (Thus, back down to a touch in the mid to low 128's and a close around 129-130, after first seeing 134.5, or even on up to 135.5-136) Guessing at it doesn't make it so, but that seems a likely random walk.
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Post by mace on May 14, 2015 15:02:43 GMT -8
O.k....let's agree that Communists, Socialists, Capitalists, Nihilists, Totalitarians, Social Democrats and Fascists all like Apple products, given a choice! The world is getting smaller but it would take time, could be a few decades, few centuries, I don't know. Is better than when we are bullied by lions, tigers, hyenas, wolves, cats and dogs. From a few thousands to a few billions, we did very well. Frankly, I'm not sure democracy and capitalist is best for humans, and will be the system in the future, I just live with them.
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Post by Luckychoices on May 14, 2015 15:19:43 GMT -8
Always nice to see that dividend received. That is despite the fact that I don't like dividends and would prefer that all capital return come in the form of buybacks. I’m not entirely sure why you don’t care for dividends, mark. I'm sure you have good reasons for your particular circumstances. But my wife and I, retired after being 100% invested in AAPL for many years, love the dividends we get from this company. I retired in 2008 after 23 years at Lockheed Martin in Sunnyvale, Ca. and she retired from the same company in 2011, after 29 years. We certainly had no idea Apple dividends would figure into our retirement finances and expected to have to start selling Apple stock at a certain point in our retirement. At present, our yearly Apple dividends are 3X the sum of her yearly pension, my yearly pension and my Social Security pension. Of course, we pay taxes on the Apple stock held in our trust accounts but the Apple stock in our IRA accounts does nothing but buy us additional shares of Apple stock. So far, not including the shares that will be auto-purchased tomorrow, our IRA dividends have brought us 6,588.5 shares since the present dividend program started in August, 2012. If I'd known the dividends were coming I would have retired 5 years earlier.
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Post by jmolloy on May 14, 2015 16:17:45 GMT -8
Thanks for all the feedback the other day.
It actually randomly turned up today.
A day late and it arrived.
We still have one more outstanding.
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Post by Apple II+ on May 14, 2015 17:28:52 GMT -8
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Post by jmolloy on May 14, 2015 18:02:38 GMT -8
Thanks for all the feedback the other day. It actually randomly turned up today. A day late and it arrived. We still have one more outstanding. Was that the watch with the delivery date of (5/13 to 5/28)? Yup. Still not convinced by the feedback from Apple. This was the first time I waited up to order something on day one. Not impressed that after 5 minutes it lead to a 3 week delay. Pretty sure they could have handled this way better. Also this is the first device I've owned from Apple where I have had to ask another user how to use it. Don't get me wrong it's great BUT there is something different about this and it is seriously not good - it feels like it really wasn't thought through. Actually that's not what I meant. Apple knows what it it is capable of but the rollout has meant that couples are trying to play catch up trying to justify what it can do rather than raving about it.
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Post by firestorm on May 14, 2015 18:22:08 GMT -8
I'm pretty proud of myself for not getting involved in still another silly political discussion. That must be a first for me. I must just be content with a belly full of dividends and rising stock today.
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Post by zzmac on May 14, 2015 18:30:29 GMT -8
Always nice to see that dividend received. That is despite the fact that I don't like dividends and would prefer that all capital return come in the form of buybacks. I’m not entirely sure why you don’t care for dividends, mark. I'm sure you have good reasons for your particular circumstances. But my wife and I, retired after being 100% invested in AAPL for many years, love the dividends we get from this company. I retired in 2008 after 23 years at Lockheed Martin in Sunnyvale, Ca. and she retired from the same company in 2011, after 29 years. We certainly had no idea Apple dividends would figure into our retirement finances and expected to have to start selling Apple stock at a certain point in our retirement. At present, our yearly Apple dividends are 3X the sum of her yearly pension, my yearly pension and my Social Security pension. Of course, we pay taxes on the Apple stock held in our trust accounts but the Apple stock in our IRA accounts does nothing but buy us additional shares of Apple stock. So far, not including the shares that will be auto-purchased tomorrow, our IRA dividends have brought us 6,588.5 shares since the present dividend program started in August, 2012. If I'd known the dividends were coming I would have retired 5 years earlier. Are you saying that the money you've received just from dividends have allowed you to purchase an additional 6588.5 shares or your Apple shares with dividends have grown to 6588.5 shares? If it's the former you could have retired 5.5 years ago Whatever you're saying I'm impressed btw!
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Post by Luckychoices on May 14, 2015 19:02:54 GMT -8
I’m not entirely sure why you don’t care for dividends, mark. I'm sure you have good reasons for your particular circumstances. But my wife and I, retired after being 100% invested in AAPL for many years, love the dividends we get from this company. I retired in 2008 after 23 years at Lockheed Martin in Sunnyvale, Ca. and she retired from the same company in 2011, after 29 years. We certainly had no idea Apple dividends would figure into our retirement finances and expected to have to start selling Apple stock at a certain point in our retirement. At present, our yearly Apple dividends are 3X the sum of her yearly pension, my yearly pension and my Social Security pension. Of course, we pay taxes on the Apple stock held in our trust accounts but the Apple stock in our IRA accounts does nothing but buy us additional shares of Apple stock. So far, not including the shares that will be auto-purchased tomorrow, our IRA dividends have brought us 6,588.5 shares since the present dividend program started in August, 2012. If I'd known the dividends were coming I would have retired 5 years earlier. Are you saying that the money you've received just from dividends have allowed you to purchase an additional 6588.5 shares or your Apple shares with dividends have grown to 6588.5 shares? If it's the former you could have retired 5.5 years ago Whatever you're saying I'm impressed btw! Sorry. I guess I didn't make it clear that they were 6,588.5 additional shares, zzmac. So it's the former. The one that would have allowed me to retire 5.5 years sooner. Our shares are split 37% Trust and 63% IRA so the majority of the dividends tend to get put right back into Apple stock. We ended up with way more value with our Apple stock than we ever could have imagined. Ten years ago, I was thinking that if we could get to $1M in Apple stock, we'd be doing really well. When we were both working, we carpooled to work so we only needed one car (which we drove for 16 year and 206,000 miles). Every time any significant amount of money accumulated in the checking, savings or credit union, we bought Apple stock with it. When we sold a small 2nd home in Arizona in 2010 (which we lost money on) we bought Apple stock with the entire amount we received from escrow. Any birthday, anniversary Christmas money ended up in Apple stock. Anyway, being long Apple stock has turned out to be a great retirement investment for us and, with the dividends they're now paying, it will continue to be so regardless of the failure of WS to fully value the stock.
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Post by macster on May 14, 2015 19:13:05 GMT -8
I'm pretty proud of myself for not getting involved in still another silly political discussion. That must be a first for me. I must just be content with a belly full of dividends and rising stock today. At the rush of being too forward…..umm you usually lose on points when you do politically. I have a post it note right here in front of me, been there for long time. Says "do not post on the AFB" But politics usually gets me interested. I'll try and stay reading mode, because I just can't match the quality and justification of JD's diatribes . I just lurk and enjoy being here, don't like confrontation so i need keep quiet only because I'm approaching retire and am too top heavy in aapl. Need all info and intel. Long common.
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Post by mace on May 14, 2015 19:37:54 GMT -8
...they were 6,588.5 additional shares... If you need a godson to inherit those shares, I can offer two for you to choose .
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Post by Luckychoices on May 14, 2015 19:37:55 GMT -8
I'm pretty proud of myself for not getting involved in still another silly political discussion. That must be a first for me. I must just be content with a belly full of dividends and rising stock today. At the rush of being too forward…..umm you usually lose on points when you do politically. I have a post it note right here in front of me, been there for long time. Says "do not post on the AFB" But politics usually gets me interested. I'll try and stay reading mode, because I just can't match the quality and justification of JD's diatribes . I just lurk and enjoy being here, don't like confrontation so i need keep quiet only because I'm approaching retire and am too top heavy in aapl. Need all info and intel. Long common. There's such a thing?
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on May 14, 2015 19:44:29 GMT -8
Are you saying that the money you've received just from dividends have allowed you to purchase an additional 6588.5 shares or your Apple shares with dividends have grown to 6588.5 shares? If it's the former you could have retired 5.5 years ago Whatever you're saying I'm impressed btw! Sorry. I guess I didn't make it clear that they were 6,588.5 additional shares, zzmac. So it's the former. The one that would have allowed me to retire 5.5 years sooner. Our shares are split 37% Trust and 63% IRA so the majority of the dividends tend to get put right back into Apple stock. We ended up with way more value with our Apple stock than we ever could have imagined. Ten years ago, I was thinking that if we could get to $1M in Apple stock, we'd be doing really well. When we were both working, we carpooled to work so we only needed one car (which we drove for 16 year and 206,000 miles). Every time any significant amount of money accumulated in the checking, savings or credit union, we bought Apple stock with it. When we sold a small 2nd home in Arizona in 2010 (which we lost money on) we bought Apple stock with the entire amount we received from escrow. Any birthday, anniversary Christmas money ended up in Apple stock. Anyway, being long Apple stock has turned out to be a great retirement investment for us and, with the dividends they're now paying, it will continue to be so regardless of the failure of WS to fully value the stock. Fantastic job! And I think you had more than luck on your side. Maybe perserverance, patience, faith, nerves and intellect in large doses. I had to be cajoled into the stock by my wife and I regret being so stubborn and yes so stupid. I congratulate you on your wise decisions.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on May 14, 2015 20:09:57 GMT -8
I'm pretty proud of myself for not getting involved in still another silly political discussion. That must be a first for me. I must just be content with a belly full of dividends and rising stock today. At the rush of being too forward…..umm you usually lose on points when you do politically. I have a post it note right here in front of me, been there for long time. Says "do not post on the AFB" But politics usually gets me interested. I'll try and stay reading mode, because I just can't match the quality and justification of JD's diatribes . I just lurk and enjoy being here, don't like confrontation so i need keep quiet only because I'm approaching retire and am too top heavy in aapl. Need all info and intel. Long common. I enjoy your posts so be sure and alert me if you go political in the Dungeon. I sometimes miss those. JD is the only blogger I have ever read that can ad hominem you and be humorous while he does it. I wish he would start a blog of his own and let me know where it is at. You could learn about AAPL while he slaps the participants around just for fun. Better yet he could get Firestorm to be his straight man. I bet the zingers would fly then. I did not know that California would let someone with JD's public persona even live there.
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mark
fire starter
Posts: 1,552
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Post by mark on May 14, 2015 20:11:36 GMT -8
Always nice to see that dividend received. That is despite the fact that I don't like dividends and would prefer that all capital return come in the form of buybacks. I’m not entirely sure why you don’t care for dividends, mark. I'm sure you have good reasons for your particular circumstances. Mainly because it forces me to pay taxes on capital return NOW rather than at some time in the after that *I* choose. And also because it doesn't help the company one bit. Meanwhile buybacks help the company quite a lot by improving earnings per share. In that circumstance (i.e. using dividends for income to live on) dividends are a very good thing. 6,588.5 from the dividend reinvestment?!?!?!!!!! Wow, that implies that you hold 158,764 shares in that IRA. Good on you!
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4aapl
Moderator
Posts: 3,635
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Post by 4aapl on May 14, 2015 20:12:43 GMT -8
Sorry. I guess I didn't make it clear that they were 6,588.5 additional shares, zzmac. So it's the former. The one that would have allowed me to retire 5.5 years sooner. Our shares are split 37% Trust and 63% IRA so the majority of the dividends tend to get put right back into Apple stock. We ended up with way more value with our Apple stock than we ever could have imagined. Ten years ago, I was thinking that if we could get to $1M in Apple stock, we'd be doing really well. When we were both working, we carpooled to work so we only needed one car (which we drove for 16 year and 206,000 miles). Every time any significant amount of money accumulated in the checking, savings or credit union, we bought Apple stock with it. When we sold a small 2nd home in Arizona in 2010 (which we lost money on) we bought Apple stock with the entire amount we received from escrow. Any birthday, anniversary Christmas money ended up in Apple stock. Anyway, being long Apple stock has turned out to be a great retirement investment for us and, with the dividends they're now paying, it will continue to be so regardless of the failure of WS to fully value the stock. Wow!!! Congrats! It's already wonderful to know that so many others here have also done well over the years, but it's great to see that someone with some saving and income in hand was able to go into investing in Apple with enough conviction to do so well. I always wonder how it could have been if I had 5-10 years of earnings going into the start of my investing streak in Apple starting back in '98, just as I sometimes wonder of how it could have been to be born a couple decades earlier, and along with seeing large expanses of old fruit trees in silicon valley, maybe have a chance at being near the start of the personal computer industry. Now, if I did the math right, I have an inkling. If you ever feel you want to stop giving CA such a big chunk (or more importantly, if you were going to switch investments in your trust and have a large couple of tax years), and move up here to NV just 3 hours away, feel free to contact me. But truthfully, if our dividends were a few times greater, and I and the 3 kids weren't loving skiing 60 days a season, we'd be back down in the bay area again too.
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Post by firestorm on May 14, 2015 20:25:12 GMT -8
At the rush of being too forward…..umm you usually lose on points when you do politically. I have a post it note right here in front of me, been there for long time. Says "do not post on the AFB" But politics usually gets me interested. I'll try and stay reading mode, because I just can't match the quality and justification of JD's diatribes . I just lurk and enjoy being here, don't like confrontation so i need keep quiet only because I'm approaching retire and am too top heavy in aapl. Need all info and intel. Long common. I enjoy your posts so be sure and alert me if you go political in the Dungeon. I sometimes miss those. JD is the only blogger I have ever read that can ad hominem you and be humorous while he does it. I wish he would start a blog of his own and let me know where it is at. You could learn about AAPL while he slaps the participants around just for fun. Better yet he could get Firestorm to be his straight man. I bet the zingers would fly then. I did not know that California would let someone with JD's public persona even live there. I think JD is just Rush Limbaugh slumming his evenings away. I honestly can't tell the difference.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,183
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Post by JDSoCal on May 14, 2015 20:41:30 GMT -8
I'm pretty proud of myself for not getting involved in still another silly political discussion. That must be a first for me. I must just be content with a belly full of dividends and rising stock today. Well, personally, I'm disappointed that you didn't write a spirited defense of communism.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on May 14, 2015 20:51:26 GMT -8
I enjoy your posts so be sure and alert me if you go political in the Dungeon. I sometimes miss those. JD is the only blogger I have ever read that can ad hominem you and be humorous while he does it. I wish he would start a blog of his own and let me know where it is at. You could learn about AAPL while he slaps the participants around just for fun. Better yet he could get Firestorm to be his straight man. I bet the zingers would fly then. I did not know that California would let someone with JD's public persona even live there. I think JD is just Rush Limbaugh slumming his evenings away. I honestly can't tell the difference. I know you can't because you don't listen to either one of them. Rush can't hold a candle to JD when it comes to making a point with exclamation and humor. It is a free country you don't have to listen or respond to either one of them if you so choose. Sorry you feel this is slumming. What bar did you just come out of to get here?
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on May 14, 2015 20:58:36 GMT -8
I'm pretty proud of myself for not getting involved in still another silly political discussion. That must be a first for me. I must just be content with a belly full of dividends and rising stock today. Well, personally, I'm disappointed that you didn't write a spirited defense of communism. This is what I mean! Firestorm could give you those straight lines for your blog. I see big ad revenue for this venture. You be sure and take the Mayweather cut of the profits.
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Post by Luckychoices on May 14, 2015 21:18:39 GMT -8
Sorry. I guess I didn't make it clear that they were 6,588.5 additional shares, zzmac. So it's the former. The one that would have allowed me to retire 5.5 years sooner. Our shares are split 37% Trust and 63% IRA so the majority of the dividends tend to get put right back into Apple stock. We ended up with way more value with our Apple stock than we ever could have imagined. Ten years ago, I was thinking that if we could get to $1M in Apple stock, we'd be doing really well. When we were both working, we carpooled to work so we only needed one car (which we drove for 16 year and 206,000 miles). Every time any significant amount of money accumulated in the checking, savings or credit union, we bought Apple stock with it. When we sold a small 2nd home in Arizona in 2010 (which we lost money on) we bought Apple stock with the entire amount we received from escrow. Any birthday, anniversary Christmas money ended up in Apple stock. Anyway, being long Apple stock has turned out to be a great retirement investment for us and, with the dividends they're now paying, it will continue to be so regardless of the failure of WS to fully value the stock. Fantastic job! And I think you had more than luck on your side. Maybe perserverance, patience, faith, nerves and intellect in large doses. I had to be cajoled into the stock by my wife and I regret being so stubborn and yes so stupid. I congratulate you on your wise decisions. Thanks, platon! More than luck, yes. Luck was certainly the biggest factor in the beginning. Very soon came the need for perserverance, patience, faith and nerves. But so far, intellect hasn't really contributed much.
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Post by Luckychoices on May 14, 2015 21:27:24 GMT -8
...they were 6,588.5 additional shares... If you need a godson to inherit those shares, I can offer two for you to choose . Actually, mace, I've been using my personal IRA dividend auto-invest shares to help satisfy some of my outrageous RMDs (Required Minimum Distributions). If it weren't for that....
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Post by Luckychoices on May 14, 2015 21:51:22 GMT -8
I’m not entirely sure why you don’t care for dividends, mark. I'm sure you have good reasons for your particular circumstances. Mainly because it forces me to pay taxes on capital return NOW rather than at some time in the after that *I* choose. And also because it doesn't help the company one bit. Meanwhile buybacks help the company quite a lot by improving earnings per share. In that circumstance (i.e. using dividends for income to live on) dividends are a very good thing. 6,588.5 from the dividend reinvestment?!?!?!!!!! Wow, that implies that you hold 158,764 shares in that IRA. Good on you! Thanks, but actually, mark, it's not my one IRA since my wife and I have 5 IRAs between us. We each have a smaller personal IRA and then a larger one that's a rollover from our 401K that we had through our employer. Our company allowed anyone over 50 to move 70% of their 401K into a self-managed account so, of course, our self-managed accounts were invested entirely in AAPL. Unfortunately, that self-managed account was only used by me for 4 or 5 years before I retired. I've had to sell shares from my IRAs for the last couple of years to satisfy the RMD but I know we've never had that many shares (158,764) just in our IRAs. I just checked the spreadsheet and, prior to dividend reinvestment tomorrow, the sum total for all of our IRAs stands at 109,384, almost 50,000 less than you calculated.
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Post by Luckychoices on May 14, 2015 22:30:47 GMT -8
Sorry. I guess I didn't make it clear that they were 6,588.5 additional shares, zzmac. So it's the former. The one that would have allowed me to retire 5.5 years sooner. Our shares are split 37% Trust and 63% IRA so the majority of the dividends tend to get put right back into Apple stock. We ended up with way more value with our Apple stock than we ever could have imagined. Ten years ago, I was thinking that if we could get to $1M in Apple stock, we'd be doing really well. When we were both working, we carpooled to work so we only needed one car (which we drove for 16 year and 206,000 miles). Every time any significant amount of money accumulated in the checking, savings or credit union, we bought Apple stock with it. When we sold a small 2nd home in Arizona in 2010 (which we lost money on) we bought Apple stock with the entire amount we received from escrow. Any birthday, anniversary Christmas money ended up in Apple stock. Anyway, being long Apple stock has turned out to be a great retirement investment for us and, with the dividends they're now paying, it will continue to be so regardless of the failure of WS to fully value the stock. Wow!!! Congrats! It's already wonderful to know that so many others here have also done well over the years, but it's great to see that someone with some saving and income in hand was able to go into investing in Apple with enough conviction to do so well. Thanks, 4aapl! Actually, if you go to "View this member's recent posts" for me and go back to one posted Oct 7, 2012 named "Intros", you'll see how my wife and I wandered into investing in AAPL. And you'll see why I credit luck for playing such a big part of our investment direction. Well, my family moved to San Jose in 1957 when I was 14 so I remember the fruit trees very well. As far as being near the start of the personal computer industry, you may not have enjoyed using an Apple II+ hooked up to your television. With having to transfer stock from my IRAs yearly to satisfy RMD and, over this last year, sell stock to fund a major remodel, I can't afford to have any bigger large tax years. It sounds like you've found a great place to raise your kids. Not likely for us to move there because of the family we have in this area, but I would like to maybe meet for lunch sometime if my wife and I are ever in your neck of the woods. Apple investors are likely to have a lot to talk about.
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Post by ahmpower on May 15, 2015 1:19:42 GMT -8
Mainly because it forces me to pay taxes on capital return NOW rather than at some time in the after that *I* choose. And also because it doesn't help the company one bit. Meanwhile buybacks help the company quite a lot by improving earnings per share. In that circumstance (i.e. using dividends for income to live on) dividends are a very good thing. 6,588.5 from the dividend reinvestment?!?!?!!!!! Wow, that implies that you hold 158,764 shares in that IRA. Good on you! Thanks, but actually, mark, it's not my one IRA since my wife and I have 5 IRAs between us. We each have a smaller personal IRA and then a larger one that's a rollover from our 401K that we had through our employer. Our company allowed anyone over 50 to move 70% of their 401K into a self-managed account so, of course, our self-managed accounts were invested entirely in AAPL. Unfortunately, that self-managed account was only used by me for 4 or 5 years before I retired. I've had to sell shares from my IRAs for the last couple of years to satisfy the RMD but I know we've never had that many shares (158,764) just in our IRAs. I just checked the spreadsheet and, prior to dividend reinvestment tomorrow, the sum total for all of our IRAs stands at 109,384, almost 50,000 less than you calculated. Wow, so you need $14,000,000 to retire.. I have a long way to go
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Post by CdnPhoto on May 15, 2015 2:51:39 GMT -8
Mainly because it forces me to pay taxes on capital return NOW rather than at some time in the after that *I* choose. And also because it doesn't help the company one bit. Meanwhile buybacks help the company quite a lot by improving earnings per share. In that circumstance (i.e. using dividends for income to live on) dividends are a very good thing. 6,588.5 from the dividend reinvestment?!?!?!!!!! Wow, that implies that you hold 158,764 shares in that IRA. Good on you! Thanks, but actually, mark, it's not my one IRA since my wife and I have 5 IRAs between us. We each have a smaller personal IRA and then a larger one that's a rollover from our 401K that we had through our employer. Our company allowed anyone over 50 to move 70% of their 401K into a self-managed account so, of course, our self-managed accounts were invested entirely in AAPL. Unfortunately, that self-managed account was only used by me for 4 or 5 years before I retired. I've had to sell shares from my IRAs for the last couple of years to satisfy the RMD but I know we've never had that many shares (158,764) just in our IRAs. I just checked the spreadsheet and, prior to dividend reinvestment tomorrow, the sum total for all of our IRAs stands at 109,384, almost 50,000 less than you calculated. A huge congratulations on your earnings and growth. I would have to suggest that your name (Luckychoice) might not be totally right. It wasn't just luck that was involved, but a lot of perseverance on your part. I am honestly very happy for you. Once again, Congratulations!!
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mark
fire starter
Posts: 1,552
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Post by mark on May 15, 2015 4:39:13 GMT -8
Mainly because it forces me to pay taxes on capital return NOW rather than at some time in the after that *I* choose. And also because it doesn't help the company one bit. Meanwhile buybacks help the company quite a lot by improving earnings per share. In that circumstance (i.e. using dividends for income to live on) dividends are a very good thing. 6,588.5 from the dividend reinvestment?!?!?!!!!! Wow, that implies that you hold 158,764 shares in that IRA. Good on you! Thanks, but actually, mark, it's not my one IRA since my wife and I have 5 IRAs between us. We each have a smaller personal IRA and then a larger one that's a rollover from our 401K that we had through our employer. Our company allowed anyone over 50 to move 70% of their 401K into a self-managed account so, of course, our self-managed accounts were invested entirely in AAPL. Unfortunately, that self-managed account was only used by me for 4 or 5 years before I retired. I've had to sell shares from my IRAs for the last couple of years to satisfy the RMD but I know we've never had that many shares (158,764) just in our IRAs. I just checked the spreadsheet and, prior to dividend reinvestment tomorrow, the sum total for all of our IRAs stands at 109,384, almost 50,000 less than you calculated. That is a terrific benefit! I would love to have that ability, meanwhile my 401k funds are mostly languishing in mediocre funds and a bunch sitting in the cash option.
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Post by firestorm on May 15, 2015 5:21:55 GMT -8
I think JD is just Rush Limbaugh slumming his evenings away. I honestly can't tell the difference. I know you can't because you don't listen to either one of them. Rush can't hold a candle to JD when it comes to making a point with exclamation and humor. It is a free country you don't have to listen or respond to either one of them if you so choose. Sorry you feel this is slumming. What bar did you just come out of to get here? Tee hee! In the 90s I listened to Rush frequently, then I grew up.
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Post by Luckychoices on May 15, 2015 6:43:20 GMT -8
Thanks, but actually, mark, it's not my one IRA since my wife and I have 5 IRAs between us. We each have a smaller personal IRA and then a larger one that's a rollover from our 401K that we had through our employer. Our company allowed anyone over 50 to move 70% of their 401K into a self-managed account so, of course, our self-managed accounts were invested entirely in AAPL. Unfortunately, that self-managed account was only used by me for 4 or 5 years before I retired. I've had to sell shares from my IRAs for the last couple of years to satisfy the RMD but I know we've never had that many shares (158,764) just in our IRAs. I just checked the spreadsheet and, prior to dividend reinvestment tomorrow, the sum total for all of our IRAs stands at 109,384, almost 50,000 less than you calculated. Wow, so you need $14,000,000 to retire.. I have a long way to go I know you're kidding, ahmpower, but $14 M may be overkill unless, of course, you wanted to retire next week at 45 years of age. However, if you're an aggressive AAPL long, it may happen faster than you might think.
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Post by Luckychoices on May 15, 2015 7:15:25 GMT -8
Thanks, but actually, mark, it's not my one IRA since my wife and I have 5 IRAs between us. We each have a smaller personal IRA and then a larger one that's a rollover from our 401K that we had through our employer. Our company allowed anyone over 50 to move 70% of their 401K into a self-managed account so, of course, our self-managed accounts were invested entirely in AAPL. Unfortunately, that self-managed account was only used by me for 4 or 5 years before I retired. I've had to sell shares from my IRAs for the last couple of years to satisfy the RMD but I know we've never had that many shares (158,764) just in our IRAs. I just checked the spreadsheet and, prior to dividend reinvestment tomorrow, the sum total for all of our IRAs stands at 109,384, almost 50,000 less than you calculated. That is a terrific benefit! I would love to have that ability, meanwhile my 401k funds are mostly languishing in mediocre funds and a bunch sitting in the cash option. Your're so right, mark. It made a huge difference in the number of shares we were able to accumulate. Even though we bought AAPL every year with our IRAs, our rollover IRAs from our 401Ks, now that we've retired, are almost 3X the size of our "regular" IRAs. Well, my wife's is anyway. Since I've had to move shares out of my IRAs the last two years because of RMD, mine is diminished from what it was. We had the same experience you're having with the "mediocre" funds. Our 401Ks would sometimes only appreciate 1-3% a year with the hit-and-miss funds we had available to us. And we were the kiss of death to a fund. Whenever we'd switch our 401Ks to a fund that had done particularly well the previous year, it would have a horrible year after that. It was like our 401Ks were continually earning bank interest. Being able to purchase AAPL with 70% of our 401Ks supercharged our accounts. A very good work friend used to see me in the hallway years ago and encourage me to sell the Apple stock we had purchased in our trust to "lock in our profits". I told him that we had no plan to sell at all but would hold AAPL indefinitely. Now, probably 12 years later, after trying to get ahead financially by buying and selling a broad spectrum of stocks, he's created his own 70% self-managed account in his 401K, bought AAPL with that and with his IRA and has about $475,000 in Apple stock in both IRA and 401K combined. He'll do well with it but it's going to take him awhile to develop the patience he'll need to hold AAPL when the stock sells off after a great earnings report like it just had.
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