Apple is one good Nasdaq up day away from 2 trillion (about $475 for the stock). I think the stock has gone from 1 trillion to 2 trillion faster than it went from 1 billion to 2 billion.
It has been my largest stock holding for a very long time (Spotify has been back and forth with it lately), but I think I can find other investments that will double quicker than Apple going to $4 trillion and in a bet on myself will sell a bunch of my stock today and go to work on that.
I loved this chart today from Michael Santoli:
His snarky comment made me laugh – ‘People out there must think a 4-for-1 split means you buy one share and they give you three for free‘.
Here is an Apple monthly chart going back 20 years to the iPod and the first retail store:
A no brainer 400 bagger!
That trend looks pretty smooth zoomed out 20 years but there have been many 50 percent declines along the way.
Remind me to buy the next 30 percent drop please.