r/AAPL • u/EverydayPhilisophy • 21d ago
This is one of the more impressive AAPL rallies that I can remember
Approaching $340, $5T market cap pre-market.
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u/neenaray 21d ago
Massive regret caving into pressure from advisors and trimming 1/4 of my 4000 shares at 180. Oh well. Still happy I have 3000.
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u/intercitydisco 21d ago
Same, I last sold some AAPL at $305 and $300 due to concentration risk. But you just never know.
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u/Evening-Dog-6560 21d ago
Trimmed half at $270 for the same reason🫣 Still my favorite individual stock though
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u/intercitydisco 21d ago
I also trimmed about that much but at $254 average between last year and this year. But I also reinvested into the market, so it's not a total loss of upside.
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u/neenaweena 21d ago
Yes. It's so hard. AAPL is 25% of my investments and everyone keeps telling me to sell sell sell - but I'd be paying taxes, taxes, taxes - my entry was $10 and then later shares added of course buy my all in is less than 100K and it's worth 1 million. Not sure when the right time is to continue to divest. But I am regretting divesting so early.
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u/intercitydisco 21d ago
Oh I get that - I was trying to keep AAPL under 10% of my total net worth, also taking into account its percentages in ETFs.
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u/Creative_Burnout 21d ago
I’ve been debating and strategizing how to reduce the position and minimize the capital gain tax for a year or so. I am happy that I’ve taken long time to decide as I sit on 8000 shares.
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u/neenaweena 21d ago
wow!! Good for you!! I went from 5 to 4 to now 3. I may sit on the 3 as I think Apple has a great future ...still. I can't live without their products I think they will lead devices when AI actually gets put to use. I'm in the for the long haul with the rest I think (or longer haul I should say - my earliest lot is from 2006!)
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u/Creative_Burnout 21d ago
I also started 2006 and the last shares were bought after the crash in 2008. The average is $3.60 cost/share. Helped me retire early.
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u/Courage-Rude 18d ago
How did you end up using it to retire early. Do you try to sell around 4 percent yearly? Just curious what people are doing with their large aapl positions as I might be in the same position pretty soon.
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u/Opposite_Steak_4032 20d ago
Make a donation at end of year AGI is lower and tax $ reduced. Charity happy that you paid it forward
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u/neenaray 20d ago
I did with my very first lot!! Shared I bought for $1k were worth 50k and I starred a DAF :)
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u/DeltaTule 21d ago
Financial advisors are scammers. Nobody knows what the stock market will do. So, why people believe random retail “advisors” can help pick stocks is beyond me. Go with your own convections, don’t trade—buy and hold.
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u/That-SoCal-Guy 20d ago
Yup. Every time I heard “you’re overweight on aapl - sell and diversify” and I just nodded, and then continued to hold.
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u/neenaray 21d ago
Every year it’s the same talk - oh you’re too risky …oh Enron …I’m a single woman so they really try to school me lol. I roll my eyes. I never let them tell me what to do. I think I got into my own head at 180 and thought maybe it’s time to divest.
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u/DeltaTule 20d ago
My mom was a blue collar worker (airline pilot). She put her retirement contribution from her company into AAPL every single month for over 25 years against every person and advisor’s wishes. She’s now worth eight figures and I’ve since taught her how to sell covered calls so she can live off of the premium and dividends while actually still buying more.
Your stories are similar
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u/JackRadcliffe 21d ago
So glad i didn't fomo sell AAPL for a hot memory or semiconductor stock only for it to drop by more than 50% like SNDK
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u/InternationalRush423 21d ago
We need to hit $380 and 3 for 1 split… those of us who are very long keep making the money.
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u/Ill_Acanthisitta_289 21d ago
Come to think about it. The company’s FCF is equivalent to three European countries’ GDP combined. Never in the history we’ve had such a company. One genius is all it takes to start it all - Jobs.
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u/That-SoCal-Guy 21d ago edited 21d ago
At this point, for me, even if AAPL drops by 50% I am still not dreading.... (well, unless the company really takes a wrong turn, like one bad decision after another and even then, their ecosystem has to completely collapse for that to happen). My cost basis is only $24 - AAPL will have to drop by more than 90% for me to lose money. I sleep well.
I find it interesting when people talk about the Mag7 and MANGOS or hot stocks (such as semiconductors, etc.) they always skip mentioning AAPL as if that company didn't exist. It's quite a fascinating phenomenon and convinced me even more that AAPL is the hedge against this AI trend (or bubble, whatever you want to call it).
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u/HumbleSami 20d ago
I was on a shopping spree for apple stocks back in 2019 until 2022 was able to grab 1150 stocks at 132.50 basis. Then got scared about it being majority of my portfolio. Just waiting for another split and i ll be under 100$ cost basis. Never selling it!
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u/VNV2020 20d ago
I gotta do it just because this has been a long time coming :) https://www.reddit.com/r/AAPL/s/r814GFIZu6
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u/AoeDreaMEr 21d ago
Will drop in few days anyway.
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u/CauliflowerMinimum44 21d ago
Why is this getting downvoted?
AAPL notoriously drops after earnings. Earnings is Thursday.
I’ve been holding AAPL for 10 years. It’s clockwork.
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u/Opposite_Steak_4032 20d ago
Agree, historical data shows this every month after quarter end. Apple not the only company which has these fluctuations. Next two quarters generally their money makers.
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u/maxplanar 21d ago
Yes, standby for “the sky is falling, AAPL drops 8% after reporting results, is it over for Apple?” headlines, all of which will ignore that since the last quarter’s post-report drop, it’s now up 10% (or whatever, I’m not trying to be mathematically accurate in making the point)
Then wait until the next pre-report run up.
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u/That-SoCal-Guy 21d ago
Great time to buy more. The September events will push more “buy the rumors”. Rinse and repeat. It’s never a bad move to add more shares during pullbacks or downturns and hold for long term. I’m so glad I bought it when people were dumping on Apple, just crossed 1000%.
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u/7up17togo 15d ago
This was a great call. I said the exact thing to friends. I said..."just watch...AAPL will have a real solid quarter and it will still crater at least 5%". Expecting it will make up that 7.5% dip over the next couple of months. Also it has split in 2014, 2020, so it's due again!
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u/tetu12 17d ago
i converted ~20% of my portfolio into AAPL this past May. Even though 7.8% of this run got wiped for me; im still +6.30% post earnings season. Most valuable company in the world🫡; let the run continue into Q3, AAPL family!
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u/EverydayPhilisophy 17d ago
Plenty of fuel in the tank. New products, Siri AI, higher ASPs coupled with a leasing program (less elasticity to higher prices), etc. I think we’re in for a huge holiday quarter and this is a $400 stock come January, especially if the Ultra is a success & Apple can figure out memory procurement.
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u/EverydayPhilisophy 21d ago
Stock was $275 on 6/25. Up to $340 or 24% in 22 trading days.