4aapl
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Post by 4aapl on Dec 11, 2021 18:17:10 GMT -8
BTW, I sold some AAPL years ago to buy a car. That was dumb, and not just for our superstitious reasons. I can't even say the number out loud how much that ended up costing me. Let's just say I could have bought 12 of the cars with that stock (in fairness, these were shares I had bought on margin, but still 💸). So when it came time to buy my house, I did not sell any AAPL. I took out a margin loan and just let it float. AAPL is up 330% since I bought the house. So yeah, not a complete idiot. [/div][/quote] In retrospect, and with full 20/20 hindsight, any sale of AAPL stock whatsoever was a bad choice. Both of our houses were with AAPL stock, or at least partially. I think there are islands that they say celebrities have bought, that would be less than the appreciated stock would be now. There might even be some places on our lake (the recent $50M one would still be a bit out of reach), though the 200-300k property taxes on many of them would bug the heck out of me. Like Mr Dell, everyone makes mistakes, especially in hindsight. As far as AAPL stock, while I might greedily wish I still had even more, we're at a sweet spot where I can't really imagine that much would be different if I had twice as much, or half as much. It's been quite a ride. Thanks AAPL!
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mark
fire starter
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Post by mark on Dec 12, 2021 16:10:02 GMT -8
It's boring, but I'd rather one or two of them up their target each week, and possibly even to a value that is attainable so that they up it again within 6 months. That's better than getting too excited, upgrading price and earnings targets too much, and then having Apple not quite be able to exceed them by enough margin to keep everyone happy. It's all a game, though it is one I am willing to sit through again if it means AAPL touches a trailing P/E of 40 again. That would be an amazing pull from the current 32, and not one that I expect nor even put much probability in. Instead, let's see a few analysts upgrade their targets in an orderly fashion, while we keep seeing where this yellow brick road will lead us. God bless buybacks. Let's hope our circular firing squad in DC doesn't tax them. Taxing stock buybacks is an asinine thing to propose, much less to enact. It would only encourage companies to issue less stock (because issuing stock worth $X could cost (1+tax) * X * (1 + appreciation) sometime in the future to retire when they are well enough capitalized, like Apple is) ... and that means that overall more companies will end up undercapitalized at some point of their existence. And that is clearly a net negative for an economy long-term.
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mark
fire starter
Posts: 1,632
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Post by mark on Dec 12, 2021 16:20:26 GMT -8
BTW, I sold some AAPL years ago to buy a car. That was dumb, and not just for our superstitious reasons. I can't even say the number out loud how much that ended up costing me. Let's just say I could have bought 12 of the cars with that stock (in fairness, these were shares I had bought on margin, but still 💸). So when it came time to buy my house, I did not sell any AAPL. I took out a margin loan and just let it float. AAPL is up 330% since I bought the house. So yeah, not a complete idiot. I regret EVERY. SINGLE. SHARE. that I've ever sold. In Apple especially, but also in pretty much everything else. I also regret not having bought more of just about everything. For example I bought some UNH in 2006 for 20-something bucks, now more than a 20-bagger. But I only bought a small amount, and bought and sold a whole bunch more. And I surely regret every one of those sales (all between 2006 and 2008). And I've never been fully invested, so essentially never sold something to buy something else, so that doesn't figure into the equation.
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4aapl
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Post by 4aapl on Dec 12, 2021 22:11:06 GMT -8
God bless buybacks. Let's hope our circular firing squad in DC doesn't tax them. Taxing stock buybacks is an asinine thing to propose, much less to enact. Like that ever stopped someone in government before "Alright alright alright". Let's keep politics out of it, even if it's tempting once in a while.
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mark
fire starter
Posts: 1,632
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Post by mark on Dec 13, 2021 5:07:35 GMT -8
Taxing stock buybacks is an asinine thing to propose, much less to enact. Like that ever stopped someone in government before "Alright alright alright". Let's keep politics out of it, even if it's tempting once in a while. I think the "keeping politics out" more refers to keeping partisan politics out. But just like macroeconomic discussions, sometimes general politics (for example, asinine actions by politicians) needs to be part of the discussion. The problem arises that almost all political discussions end up devolving to heavily partisan discussions, so every discussion board has to be vigilantly on guard for that (because partisan political discussions ALWAYS destroy discussion boards ... without exception through the entire history of the Internet).
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Dec 13, 2021 6:23:49 GMT -8
Like that ever stopped someone in government before "Alright alright alright". Let's keep politics out of it, even if it's tempting once in a while. I think the "keeping politics out" more refers to keeping partisan politics out. But just like macroeconomic discussions, sometimes general politics (for example, asinine actions by politicians) needs to be part of the discussion. The problem arises that almost all political discussions end up devolving to heavily partisan discussions, so every discussion board has to be vigilantly on guard for that Exactly!
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