The Man Who Made $3.5 Billion Last Year

[gotsmack]

Apple in 2009 was such a no brainer its not even funny. They were in the middle of the greatest tech revolution since the start of personal computing. (iPhones, iPods, just around the corner from the iPad.) It was insanity to assume they were going under anytime soon... the market drop was a gift to be able to buy large numbers of shares and then watch each share skyrocket as the market came back to levels of sanity again.

Buying low and smart with money you can afford to send out to work for you for at least 5 years is what really pays off.

By the way, speaking of Apple... its a pretty good bet a big money making opportunity is about to happen again. We're two weeks out from a 7 way split....that will take the share price to around $85. I'm betting many people won't be thinking of the increased volume, they'll just be thinking "Apple is cheap at less than $100 per share!" and start snapping it up. Personally I don't think Apple will remain below $100 per share for very long at any volume. I could be wrong. Once again, I'm betting I'm not. How many bets have I lost on Apple? I want a dime for ever time some naysayers told me to bet against Apple and they were wrong.

I totally agree with you on long term investments.

For Apple, I'm ashamed to say that I didn't buy any until the most recent drop off. I always thought of them as a mature company and not the growth company that was reflected by the P/E. I guess part of it is that I never owned an iPod or iPhone. If they can't get their streaming music on the same level as Pandora, I'm going to sell. Even at this moment I'm skeptical of the rumored iWatch.

I put some of last year's Roth IRA money into Tesla, since their announcement of their new battery factory convinced me that they are the future. I'm saving the rest ot gamble it on Alibaba. Amazon is looking really tempting since I really like all of their new products/services they have in the works. I'm a believer their smartphone is going to open up a lot more traffic to their site.

 

[Jaskalas]

And what is your point?

The OP demonstrates an attitude that property rights do not exist. That those billions belong to society, and in part belong to the OP.

 

[realibrad]

Well I don't entirely buy into the whole idea of consumerism as automatically good, but people are susceptible to marketing. I suggest looking at how consumer debt has increased over time to where one is effectively a slave to stuff. My kids didn't get a cell phone until there was a need that justified the expense, but those in second grade had service their parents couldn't afford for the sake of status. I think we need to take a hard look at what we think we have to have to. A perpetual need for more isn't healthy as I see things. As Lord Henry in "the picture of dorian gray" said "nowadays people know the price of everything and the value of nothing"

What makes modern consumerism bad, is the fact that 3rd party costs are not being factored into the price. Apple "Makes" the iPhone and sells it for X, and the Consumer buys it at that price. The environmental damage is not taken into the price, and so we keep building more things that hurt others. If the 3rd party costs were taken into account, I don't think consumerism would be bad.

If people want to buy a bunch of crap, fine. If their crap effects me in a way I don't like, they have to either pay me, or not do it.

 

[MagickMan]

Do you understand investing?

How did he drain the economy?

The reason McOwned, and people like him, are poor is because they believe that to become wealthy you must be "draining" money from someone else. It's the reason why he'll never be more than a village idiot.

 

[MagickMan]

Plenty.

- the illegal immigrants he hires and pays in cash for construction, housekeeping, etc.
- the drug dealers he buys his drugs from, for his lavish parties
- the wait staff (made up of illegals as well) he hires for his lavish drug fueled parties, to serve coke, weed, pills and make sure his guests don't choke on their own vomit
- the call girls (boys?) he hires to fulfill his depraved sexual fantasies for him and his guests

Wow, that was fun! Now I know why the conservatives enjoy making up shit about the poor all the time!!

Wild, ignorant speculation from Moonie, again, and again.

 

[soulcougher73]

Damnit! How did you find out about how much i made last year?

*calls his hitman*