Today is the 20th anniversary of the day that Apple finalized the acquisition of NeXT Software, Inc.
If you had invested in Apple on that day, you would have a made a pretty penny. Consider this tweet from Charles Arthur:
That’s one hell of a return.
[H/T Oliver Thomas]
I invested a few years later when it was closer to $1.42, split adjusted.
That statement is framed oddly… a thousand shares purchased the day Apple bought NeXT would be worth FAR more than $130K. If I recall correctly there were two 2-1 splits and one 7-1 split.
So a 1,000 shares purchased that day would now be 14,000 shares worth around $1.8M
It’s some kind of reverse logic… because what he’s saying is if you have a thousand shares now (worth $130K) it means you only invested $560 back on NeXT day. And of course if you have 1,000 shares now, that means you originally only bought like 36 shares or something.
This is one of those things I don’t like to think about. I actually wanted to buy Apple stock just before MS invested 100 million but I had little money. I mentioned it to my wife and said we should take a 10,000 loan and buy some shares, half kidding of course. Argggg
money doesn’t buy happiness, money doesn’t buy happiness…
I’m right there with you. I’ve never been good at picking stocks, but I just new this was going to be huge. If I had the money to invest I would have, but I was a broke college student. I haven’t had that same feeling since.
Take solace in the fact that at $7.50 a share it would be really hard to stay in.
Granted if you started with $10,000 maybe that would be good enough.
75 cents a share.
Go away. Nah, I am just kidding… sort of.
I’m saying it’s hard to stay in a stock that’s given you a 10 bagger. Personally I would have (and I speak from experience ) never have sniffed $5.