trs96
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I think that most of us could have. There were other smart phone alternatives then that you could make calls with. You could have even just kept using that old land line. People still had them then. Was mobile internet really any good back then ?
I always say that the most valuable thing Apple sells is their stock. It's always mostly gone up in value over the past 11 years.
So let's say you didn't pay the $199 price tag for the iPhone 3GS and all the monthly charges for ATT service. Maybe you would pay around 600 USD in a year to use one. What if instead you had bought $600 of Apple stock then and held onto it until today ? The value of it would be worth a bit more than that scratched and dented and pretty much non-functional 3gs would be now. Here's the numbers, this includes dividend reinvestment.
Pretty amazing. That measly 600 dollar stock investment would be worth close to 22 grand today. Wow.
So is it wise today to purchase $1,000 worth of Apple stock and hold onto it for 11 years ? I tend to think so. You could easily get a 5.0 inch screen LG Tracfone that runs Android for free. Pay maybe 10 dollars a month to use it. Invest all the money you would have spent on the iPhone 11 Pro in Apple stock. 38.69% annual returns may not continue but I would bet it's going to be well above at least 15%. Even with a few setbacks, they've got over 200 billion in cash that they make interest on every minute of every day. They're bigger than many banks throughout the world. Now even offer the Apple card so that you buy more Apple products for the 3% cash back offer.
Obviously I'm not a stock broker and don't intend this to be investment advice for you personally. Past results don't guarantee anything in the future. I can't predict for certain that Apple's stock will keep ascending for the next 11 years. In 2009 I did alert everyone within earshot that it was the stock buying opportunity of a lifetime. It didn't take an investment genius to figure that out. The touchscreen smartphone was the most important product to debut in the early 20th century. Will Apple be in on the next big thing post iPhone ? And take in most of the profits from it ? That remains to be seen.
I always say that the most valuable thing Apple sells is their stock. It's always mostly gone up in value over the past 11 years.
So let's say you didn't pay the $199 price tag for the iPhone 3GS and all the monthly charges for ATT service. Maybe you would pay around 600 USD in a year to use one. What if instead you had bought $600 of Apple stock then and held onto it until today ? The value of it would be worth a bit more than that scratched and dented and pretty much non-functional 3gs would be now. Here's the numbers, this includes dividend reinvestment.
Pretty amazing. That measly 600 dollar stock investment would be worth close to 22 grand today. Wow.
So is it wise today to purchase $1,000 worth of Apple stock and hold onto it for 11 years ? I tend to think so. You could easily get a 5.0 inch screen LG Tracfone that runs Android for free. Pay maybe 10 dollars a month to use it. Invest all the money you would have spent on the iPhone 11 Pro in Apple stock. 38.69% annual returns may not continue but I would bet it's going to be well above at least 15%. Even with a few setbacks, they've got over 200 billion in cash that they make interest on every minute of every day. They're bigger than many banks throughout the world. Now even offer the Apple card so that you buy more Apple products for the 3% cash back offer.
Obviously I'm not a stock broker and don't intend this to be investment advice for you personally. Past results don't guarantee anything in the future. I can't predict for certain that Apple's stock will keep ascending for the next 11 years. In 2009 I did alert everyone within earshot that it was the stock buying opportunity of a lifetime. It didn't take an investment genius to figure that out. The touchscreen smartphone was the most important product to debut in the early 20th century. Will Apple be in on the next big thing post iPhone ? And take in most of the profits from it ? That remains to be seen.
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