Why I bought a share of Apple, my first

I paid $281 so that I can go to this party next year.

apple shareholders meeting 2020

When he was forced out of Apple in 1985, Steve Jobs owned roughly 11% of the company. He sold all his shares but one, according to legend, so that he would still get the company’s annual report in the mail.

I bought my share so that I might be allowed to attend the 2021 annual shareholders meeting and, more important, go to next year’s Apple 3.0 friends-of-the-blog meet-up. (See here and here.)

I have no idea whether I paid too much or too little for a fraction of a billionth of the second-most valuable public company (after Microsoft). If I find myself rooting too hard for the stock to go one way or the other, I may have to sell it.

It’s hard enough being objective about Apple without having a stick in the fire.

22 Comments

  1. Grant Stephanson said:
    Philip. Congratulations on being an AAPL investor! We missed you yesterday! One thing this blog has taught me over the years is that the love and admiration Apple users and investors have for this company will always provide upward bungee rides after periods of gloom and doom hit the market place. 13 months ago I grabbed the bungee and rode it upwards to more than double my investment. Now after a 10-15% decline I am still up by 90%. I’m not sure if now is the time to jump on again, but I do know that if the world has two or three days of positive coved-19 news we should all be ready to jump on board again!

    5
    February 27, 2020
  2. Robert Harris said:
    I think you will be just fine.

    2
    February 27, 2020
  3. Thomas Larkin said:
    The more you buy, the more potential for both upside euphoria and downside stomach churn. ( ;

    2
    February 27, 2020
  4. Fred Stein said:
    Congrats and welcome. Can’t wait to see you at next year’s meeting.

    2
    February 27, 2020
  5. Neil Shapiro said:
    A stick in the fire?? Nah, that’s hardly even enough to be called kindling!!! LOL

    2
    February 27, 2020
  6. Aaron Belich said:
    Welcome to the party, pal!

    1
    February 27, 2020
  7. John Miller said:
    Did you check the reinvest dividends checkbox? If so, let us know when you’re up to two shares 🙂

    3
    February 27, 2020
  8. Frank Cioffi said:
    Well, it’s about time!

    0
    February 27, 2020
  9. George Ewonus said:
    Congratulations, Philip!

    1
    February 27, 2020
  10. Gregg Thurman said:
    You strike me as more than strong enough to avoid shareholder bias.

    1
    February 27, 2020
  11. Bart Yee said:
    Welcome to the investor club PED. I suspect if you have a little bit more, you can dollar cost average in 3-9 more shares over the next few months.

    1
    February 27, 2020
  12. Manfred Schwencke said:
    Congrats for being an Apple investor!

    I planned to attend this year‘s AGM yesterday, booked a cheap flight in October and landed yesterday 2 pm in San Francisco, a bit late!!
    So I am enjoying San Francisco and California now until Sunday and plan to come back next year for the AGM and the friends of the blog meeting! See you next year, hopefully!

    1
    February 27, 2020
  13. Jerry Doyle said:
    Congratulations Philip on your one share of Apple! You indeed were missed yesterday by all. You may not have been present physically, but many individuals there opined whimsically how your presence would have been the “crim de la crim!”

    The luncheon was a hearty gathering but the informal session afterwards in the lobby was one of the more sharing Apple events I have attended. The group conversations flowed and strengthen in meaning with Apple salience for another couple of hours. Then another group of four continued their discussion on Apple and all things Apple until midnight. The last two individuals, myself and Kirk DeBernardi, did not end until 3:00 am Thursday morning. WOW!

    Thanks to all of you who made the event possible and especially to those in attendance who shared their ideas and thoughts on Apple stock and all things Apple. It was a festival event.

    Thanks especially to Joe and Donna for being such gracious hosts to us all.

    Jerry D

    3
    February 27, 2020
  14. Romeo A Esparrago Jr said:
    Hell hath frozen over LOL. CONGRATZ, Philip. I was thinking of donating one your way after your last post. I’m glad you bought one.

    3
    February 27, 2020
  15. David Baraff said:
    I’m glad that PED got the full AAPL shareholder experience, complete with experiencing a 3% drop on the first day. (I’m sure I’m not the only one who thinks, “Gee, I should really warning everyone hear the stock will likely tank tomorrow, because that’s the day I’m going to buy XXX shares/options in AAPL”.)

    Note: 3% for PED, based on the stated purchase price of $281. So, on the other hand, good job PED for not buying *yesterday*.

    2
    February 27, 2020
  16. Kathy Corby said:
    Ha!! And if, as a number of manipulative Apple “journalists” have suggested might someday happen, Apple never sells another iPhone, you losses are capped at $281. But actually, I think you’re safe. I’ve bought the new phone every year on the day of its introduction, since the first one. Even did some sleeping on sidewalks for the bragging rights. Got my picture with Woz in Los Gatos at midnight. Good memories.
    So at least they will still be selling one. Every year. Every every year.

    2
    February 27, 2020
  17. David Emery said:
    Well, PED is down $7 on the week. Good thing he didn’t bet his IRA on this 🙂 🙂

    0
    February 28, 2020

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