I have no experience in purchasing stocks, bonds and mutual funds other than my employer's 401k deal. I signed up with Etrade.com and have considered purchasing some Apple stock to make a little bit of dough. But I've been told that I've already missed the initial stock lift from the iPhone hype. At the same time, once the iPhone is released, I'm afraid that stocks will skyrocket and I will regret not buying. Any thoughts? ~thanks
2007-06-28 12:14:28 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
I'd sit on the sidelines at this point. AAPL stock has jumped from 90 to 120 in the last few months based more or less exclusively on iPhone hype, and based on the borderline insane levels of media frenzy I've seen lately (the SF Chronicle has a page one headline asking 'Will iPhone change the way we live?') if the product is anything less than perfect (and it isn't unusual for new electronic gadgets to have kinks in them) it could cause AAPL's stock price to drop sharply. A lot of people have poured cash into this thing because they think this'll be the greatest thing since sliced bread, or because they see the stock price going up, and they may all decide to get out in a hurry.
Over the long term I think AAPL is a great company, but I'd look for a better entry point. If it comes down below 100 I may buy in myself. But remember that there are 5,000 stocks out there any you can always afford to be picky.
2007-06-28 14:00:41 · answer #1 · answered by Adam J 6 · 1⤊ 0⤋
Everything that's known (or even speculated) about the iPhone is already built into the price of Apple stock--including everyone's guess about how well it will sell. To make money on Apple stock, you must guess better than the other Apple investors on how much money Apple will make.
Nobody can predict stock prices, so it's unwise to try--unless you can afford to lose the money and feel like taking a gamble. For your main investments, you're better off buying index funds such as Vanguard Total Market Fund. That way you're effectively investing in the entire stock market, and so you're immune to the swings of any single stock or industry.
2007-06-28 12:49:21 · answer #2 · answered by rainfingers 4 · 1⤊ 0⤋
The efficient market has already incorporated any known information into the price of Apple's stock.
You will need to get a fundamental understanding of stock valuation before you purchase individual stocks. For that, I highly recommend the Morningstar book, "The Five Rules for Successful Stock Investing", by Pat Dorsey
http://www.amazon.com/Five-Rules-Successful-Stock-Investing/dp/0471686174/ref=pd_bbs_sr_1/103-8686192-7330208?ie=UTF8&s=books&qid=1183141006&sr=8-1
It is the best all-around book on fundamental analysis.
For a good book on mutual fund investing, check out my free downloadable book at http://www.invest-for-retirement.com . However, I do include 3 chapters on the anatomy of stocks, which might help. If not, you didn't pay anything for the book, so you have nothing to lose.
2007-06-29 07:19:50 · answer #3 · answered by derobake 4 · 0⤊ 0⤋
Be careful with the market it has a strong possibility of going bearish until it finds a reason to do otherwise. 1. Rates are not coming down. 2. M & A Activity has already run its course, etc .. The earnings seaon will be running in full gear oon (2-3 weeks) and that may help bring the market up but it has been tredning up for so long that unless you are shorting i think you are taking an uneeded risk.
2007-06-28 13:14:57 · answer #4 · answered by tcif 1 · 0⤊ 0⤋
i'm undecided, however the respond could desire to be sure. Why ? by way of fact i think of the industry's way too risky top now. i could propose to stay out of the inventory industry top now. The industry's only too loopy top now. I propose at some point shares are hovering & right here day shares are plunging. at some point the industry helpful properties over a hundred factors & right here day it looses 205 factors or almost 4 hundred factors. So in case you go with to take the threat then valuable flow forward purchase some greater MSFT shares, yet beware that the industry's very risky top now. something can take place. The inventory can flow up, or it may desire to flow way down very rapid.
2016-09-28 14:09:06 · answer #5 · answered by dutel 4 · 0⤊ 0⤋
No.
You are supposed to buy real estate property in Florida before The Walt Disney builds the park and not one day before they open to the public.
2007-06-28 16:23:11 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Check out the video:
2007-07-01 16:44:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋