chinacat
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AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Feb 12, 2022 6:37:26 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Feb 13, 2022 7:04:12 GMT -8
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on Feb 13, 2022 14:03:40 GMT -8
Super Bowl Sunday - Spring Training on deck, even if actual Spring is still a distant dream here in New England. Bring on your spring, so we can have winter again! (EDIT: Often the West and East coasts don't get the same storms, and in winters the west sometimes has a high pressure ridge form in the Pacific that push storms North. When that happens, they often pick up cold air and swing on down through the middle of the US to then hit the East coast. OpenSnow.com has talked about this happening over many of our dry winter spells. We're having one of them now...) It's been nearly a month and a half since our last snow, and temps up to the low 50's. It's finally made a dent in the massive amount of snow we got, and our ice patches on the roads are starting to finally shrink. But the ski resorts are starting to look a little patchy. 2-4 inches Monday night, but then back to some days in the low 50's. Makes for some great paddling on the lake, as long as you don't go in.
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Post by Luckychoices on Feb 13, 2022 22:09:30 GMT -8
When my wife and I started seriously investing in AAPL in late 2000, we had absolutely no indication that Apple would ever again pay quarterly dividends. We therefore never considered receiving AAPL dividends in the near or distant future. Twelve years later, in August of 2012, when Apple’s dividend program was restarted, I had been retired for 4 years and my wife for a little over a year. We retired from the same company, Lockheed Martin_her after 29 years and me after 23 years. We made sure to pay off our home before she retired and expected to live on the combination of our two pensions plus my Social Security, when I became eligible. We also expected to eventually sell AAPL shares, as needed, to supplement our retirement income. We apparently view Apple’s yearly dividend differently than many other AAPL investors or folks who would never buy AAPL because of the “miserly dividend” since, for us, it was an unexpected and immediate financial gift...and, at present, our current yearly AAPL dividends ~ 5 X (my pension[23 years]+wife's pension[29 years]+my Social Security). Yes, the percentage yield for Apple’s dividend is much smaller than most others, but the extraordinary growth of Apple Inc., the share buybacks and the AAPL stock splits have made investing in AAPL far more rewarding than investing in many/most other companies, IMO, and made concern over the dividend yield important primarily to investors who are interested in maximizing their dividends. I put together the table below to reference a hypothetical scenario where AAPL shares and IBM shares were purchased on the same day, 12/22/00, for the same amount of money. The amount came from calculating the cost of purchasing 100 shares at IBM’s closing share price on that date and I divided the cost for 100 shares of IBM by the closing price of AAPL on that day to calculate the number of AAPL shares that could be purchased for that same amount. And, finally, I chose the date because that’s the date of our oldest purchase of AAPL shares of which I have record. BTW, the shares we purchased that day now have an average cost basis of $0.27/share due to the 3 splits AAPL has gone through over the last 22 years. I may have made a massive mathematical mistake while putting the table together. If so, please send me a message and I’ll correct it. But, if there is no mistake, then the table shows quite clearly why we’re so pleased it was AAPL we started buying in 2000. I’m also enclosing the table below because we have 665 shares of IBM stock which were left to us by my parents and it shows the huge increase in value of AAPL shares over the 6+ years since I moved them into our Charles Schwab account. Our IBM shares have paid us very nice dividends over the last 6+ years…and every cent from those dividends have been reinvested in AAPL.
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