My portfolio is at all time highs because I've owned Apple from 2009, bought puts in October 2012 to mitigate risk and avoid heavy capital gains and began selling out of the money puts for net credits in the 1st quarter of 2013. Congratulations! It's a good thing you got in before late 2012 (as it has underperformed the QQQ since then) and were smart enough to buy/sell puts with perfect timing.
Investments in many other tech companies have gone ~5x or better since early 2009, and even some very stable non-tech companies (AXP for example) have, but having the nerve to buy and hold Apple is admirable.
I've made more money with far less risk than trusting in a crystal ball and I've taken the time to understand a company that offers -- and has offered for some time -- extraordinary return to risk performance. On what basis are you suggesting that AAPL has been a better risk-adjusted investment? ~60% of profits come from a single product, and single-brand electronic products have a long history of not remaining dominant for long. They've held up nicely, but there has been substantial risk along the way, and even more now that profit growth has nearly (not quite) stalled.
You on the other hand come back with speculative timing and incessant, repetitive questions on the company's prospects... I'm not sure that my questions are poor ones, nor any more repetitive than the blind trust placed in Apple by others, but either way, I'm here to question and learn, including from you. |
