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Post by aaplsauce on Apr 13, 2022 21:52:47 GMT -8
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Post by firestorm on Apr 14, 2022 3:31:15 GMT -8
Thomas Friedman in today's NYT: "it’s their human sensors — the informal Ukrainian observer corps — that are devastating the Russians. Grandmas with iPhones can trump satellites."
Is there an app for that?
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Apr 14, 2022 4:42:28 GMT -8
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Post by aaplcrazie on Apr 14, 2022 7:00:19 GMT -8
HUMINT low tech but effective....
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Apr 14, 2022 9:49:29 GMT -8
If Apple decided to go big time into a swath of fitness, this would be a way to do it. Depending on the price, it could even be a good way. But, personally I don't think Apple should spread its focus this far. FWIW, when I worked at IGT 12 years ago, a slot machine, backend gaming systems, and gaming company, in the internal employee input page several people wrote "be more like Apple". While AAPL was a heck of a lot lower back then, Apple was doing great and others already wanted to be more like them, even if there were no directly relatable attributes that could really be used other than forming a good bond with the end users to keep them coming back for more. At times like today, where the daily and weekly chart aren't that fun to look at, it can be fun to pull up longer timeframes. On the 10 year chart, AAPL is up over 10x from a lot of 2012. 10x in 10 years is an annualized rate of 25.9%! Thanks AAPL!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Apr 14, 2022 12:22:31 GMT -8
If Apple decided to go big time into a swath of fitness, this would be a way to do it. Depending on the price, it could even be a good way. But, personally I don't think Apple should spread its focus this far. FWIW, when I worked at IGT 12 years ago, a slot machine, backend gaming systems, and gaming company, in the internal employee input page several people wrote "be more like Apple". While AAPL was a heck of a lot lower back then, Apple was doing great and others already wanted to be more like them, even if there were no directly relatable attributes that could really be used other than forming a good bond with the end users to keep them coming back for more. At times like today, where the daily and weekly chart aren't that fun to look at, it can be fun to pull up longer timeframes. On the 10 year chart, AAPL is up over 10x from a lot of 2012. 10x in 10 years is an annualized rate of 25.9%! Thanks AAPL! Peloton loses money. Why would Apple want that albatross? Apple is in the money making business. I just don't know if fat America is really the best place to make fitness a business model. More likely, the diabetes monitoring on the Apple Watch is the real growth industry! Hugely coincidentally, I just looked up the IGT chart yesterday, because I had an old girlfriend in college whose family was really into that stock for some reason, and I was curious how it had done all these years. Yikesy, talk about dead money! ☠ I was just thinking how much better I had done holding Apple all these years. Her fam was with highfalutin Merrill Lynch, because only middle class peasants like my family had accounts with Charles Schwab.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Apr 14, 2022 12:59:01 GMT -8
Hugely coincidentally, I just looked up the IGT chart yesterday, because I had an old girlfriend in college whose family was really into that stock for some reason, and I was curious how it had done all these years. Yikesy, talk about dead money! ☠ I was just thinking how much better I had done holding Apple all these years. Her fam was with highfalutin Merrill Lynch, because only middle class peasants like my family had accounts with Charles Schwab. IGT was a whole different beast, before about 15 years ago. They made lots of money, gave lots to their employees (when I started 14 years ago, they still had something on their website saying that the profit sharing plan was like getting an extra 3 months of pay every year), and hadn't had to do any mass firings. That all changed. They had done a couple rounds of firing by the time I joined, but my area was what they were banking the future on. So it was safe, right? Being new to the whole firing thing, they didn't do it very well. Some stories were of people working through the weekend, and then being let go monday morning. The building was pretty cool, having the whole slot machine assembly line in it. I'd walk the building during lunch or breaks, as it was around a half mile long. But there were whole cube farms that were abandoned, still with stuff in the drawers. My side eventually had some axing too. I was already planning my exit, so it wasn't too surprising to be dropped when they let 20% of us go. Monday morning, after shipping our product on Thursday. And for me, a couple days shy of my 2 year anniversary, so the severance was based on one year of service instead of two. Nice! My group was at least partially being offshored. But about 2 years later the whole company was sold. They re-orged the stock, maybe giving 60% in cash and the rest in this new company. But it still trades as IGT. I had a few shares in an ESPP, just play money that I was hoping to sell at a time where it was slightly in the green instead of slightly in the red. I finally got out of them last year. IGT had been a powerhouse in the gaming industry, making money hand over fist while the going was good (and they had something like a 40% or even 60% marketshare). I remember playing on an old 7-7-7 machine back around New Years in '97 in South Lake Tahoe, and I now have one of those machines that I won at a company party. They did great with some of the gaming expansion. But they didn't manage to hold onto it. That's the type of thing to watch out for with other companies, a time where they start declining from being a powerhouse, or losing their edge. Most of the time it isn't sudden. But looking back over the past 100 years or whatnot, there are many that used to be huge, but aren't so much anymore. Some still exist, plugging away. They might have still been ok investments in recent years, but there's a good chance that they lost to the indexes, depending on the timeframe you look at. Oil isn't the best compare, but it wasn't that long ago that XOM was the market cap leader, at $300B or so. But the price is now roughly the same as 15 years ago, though the chart shows plenty of growth before that time. That's the thing to watch out for on AAPL. It will happen sometime. Is it years, decades, or centuries? Personally, I try to not be overly optimistic on how long it can beat the market, while realizing it is unlikely to be in the top say 5% of stock gains in any one year. But to me, I feel pretty good about guessing that it can beat the market by a little over the next 2-3 years based on the companies current trajectory, and then feel ok about it matching the market for another couple years just based on the user base. More than 5 years out, and it's really just a leap of faith. I have no reason to doubt how the company will do then, especially without outside negative issues (regulation, etc). But it's also far enough out there that we just don't know. Cautiously optimistic? I guess so.
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4aapl
Moderator
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Post by 4aapl on Apr 14, 2022 13:31:06 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Apr 14, 2022 16:27:01 GMT -8
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Post by artman1033 on Apr 14, 2022 18:34:52 GMT -8
Stock market: The stock market, which is always closed on weekends, observes Good Friday as a holiday. Nasdaq and New York Stock Exchange (NYSE) will be closed.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Apr 14, 2022 19:40:37 GMT -8
Thanks for the reminder artman1033! www.nyse.com/markets/hours-calendarsTaxes are due Monday, unless paying anything you owe and filing an extension. Monday is also the last day for IRA, Roth and HSA contributions. If you have a child or grand child that has earned income, getting a Roth going for them is a great idea, while also getting them into thinking about investments. Contributions are limited by how much they earned, or $6k, whichever is lower. Schwab and TD both say on their sites that you have to do a tax return for the kids, which is an extra complexity even if it is easy. Kids, as dependents, don't owe federal income taxes at lower levels, and the IRS website says they don't normally have to file if they make less than around $12500, or over a certain amount in unearned income (ie dividends and stock sales). Overall, it's good for it to be in a tax advantaged account, for the very long term, the lack of tax complexity, and because they can still get it out for a variety of reasons including college, or pulling the originally invested amount out. But IMO it's best to get it in there and have it for the very long term and learning to invest. While limited by earned income they earned, the actual money can be a gift. www.nerdwallet.com/article/investing/why-your-kid-needs-a-roth-ira(FWIW, the above link has it wrong that there is a 10% penalty on educational expenses. This, along with all the other options on withdrawing money before 59.5 without an added fee, is in pub 590-B, along with all the other info on taking distributions: www.irs.gov/publications/p590b#en_US_2020_publink1000230919 ) www.thebalance.com/rules-for-custodial-roth-iras-5225698
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