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$1000 of AAPL stock a good buy?
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Mac Elite
Join Date: Apr 2005
Location: Nashville, TN
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i never have owned stock I am thinking of taking a portion of my tax refund to purchase 1000 of AAPL stock, good idea?
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Mac Elite
Join Date: Jan 2003
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Apple is a "trendy" stock, you have to be good at market timing to make money on it, but as we mac believers know it will be around a long long long time.
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Addicted to MacNN
Join Date: Mar 2001
Location: USA
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Don't buy stocks, buy funds. Haven't you been reading your other thread?
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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Seconded. Read the other thread, and don't get greedy.
Mutual funds are your friends, NOT stocks.
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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Addicted to MacNN
Join Date: Oct 2002
Location: England | San Francisco
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why buy stock when its at an all time high :o
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we don't have time to stop for gas
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Mac Elite
Join Date: Aug 2005
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I invested in Christmas trees, but the market fell out of that at the end of the year... 
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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Originally Posted by production_coordinator
I invested in Christmas trees, but the market fell out of that at the end of the year...
Are you sure you picked the right KIND ? 
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Posting Junkie
Join Date: May 2001
Location: Portland, OR
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I just bought $1000 of Apple stock. It's been wavering and not really moving but I think it'll go back up soon.
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8 Core 2.8 ghz Mac Pro/GF8800/2 23" Cinema Displays, 3.06 ghz Macbook Pro
Once you wanted revolution, now you're the institution, how's it feel to be the man?
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Addicted to MacNN
Join Date: Jun 1999
Location: Las Vegas, NV, USA
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Originally Posted by Peter
why buy stock when its at an all time high :o
For the same reason you'd bet on a sports team with the best win-loss record. When a team has an 12-0 record, most people don't think they're going to lose the next game because it's "time". They think "Wow, this is a great team. I'm going to bet with them."
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Professional Poster
Join Date: Sep 2005
Location: Rochester, NY
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If you've never owned stock before, you're probably better off putting that money into a index fund or ETF (ETF = Exchange Traded funds, funds that are traded like stocks. QQQQ and SPY are examples). They're not really all that glamerous, but they're less likely to drop like a rock, becasue your investment is effectively spread out among all the companies in the index.
I would also read the fine print at whatever brokerage firm that you sign up with, to make sure you have a high enough balance in the account to avoid paying monthly fees. $1k doesn't sound high enough for most places, and the last thing you need is a monthly fee eating into your return.
In the meantime, read up a bit about investing and how to value companies. Then you can answer your question for yourself.
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Addicted to MacNN
Join Date: Sep 2000
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I agree funds are the way to go but there is nothing wrong with buying individual stocks as longs you keep it at a very percentage of your portfolio, like less than 5%.
That being said AAPL is generally believed to be way overvalued right now. I would wait, it'll drop.
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"Altruism is killing America. We who want to save America must repudiate this killer, root and branch. We must understand and explain to others that the acceptance of altruism necessitates the violation of individual rights... and that the arguments for altruism are baseless..."
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Banned
Join Date: Oct 2004
Location: Six feet under and diggin' it.
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Think bursting bubbles.
Apple is always on thin Ice.
Some banks offer investing in six differnt mutual funds as it it were one. Mine does. And think long term...years.
Maybe stay away from the big three domestic auto guys. 
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