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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST
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To: oldbeachlvr who wrote (170612)6/9/2014 7:47:53 AM
From: Ryan Bartholomew  Read Replies (3) of 213173
 
I just checked my Schwab account--GAINED MILLIONS$$$ !!!! I just checked my Schwab account and I have received the 6 shares dividend for each apple share I held. BUT, the price shown is still the $645.57 per share!
You obviously get it and are just joking, but there are quite a few posts in here that indicate legitimate concern over account numbers (both optimistically and pessimistically). Everyone should rest assured that this isn't quite the first stock split that the financial system has seen and everything will be updated eventually. Different IT systems handle data different ways, so one broker might show the share quantity adjustment before the price while another could update the other way around. Don't give it second thought... Apple has 7x as many shares trading now and each share is worth one-seventh as much of the company. All the hype about a split affecting value is just that: hype. It's akin to getting 10 one-dollar bills for 1 ten-dollar bill - nothing more in a logical sense. In a psychological sense - sure - there are a small number of people who will act upon their feeling that getting change for their larger bill makes a difference, but they'll be sorely disappointed when they realize it doesn't buy them any more than previously.

My advice is to ignore the split, ignore temporary discrepancies in account numbers (after all, even if there was an error, it would be treated no differently than other banking errors - you can't take the money and run), and just move on with your AAPL investment based upon the fundamentals.
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