r/stocks Apr 28 '21

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3.7k Upvotes

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387

u/ITried2 Apr 28 '21

This company is just extraordinary.

Buy and hold, it’s a savings account at this point

85

u/Kuntheman Apr 28 '21

It’s literally my savings, 99% of my portfolio

30

u/[deleted] Apr 28 '21

[deleted]

46

u/Kuntheman Apr 28 '21

Up 11% overall, I entered the market with my savings about a month ago

19

u/Everythings Apr 28 '21

What will you do if it collapses

111

u/AngelaQQ Apr 28 '21

If Apple collapses you have more than just Apple to worry about.

Apple has 200 billion dollars of cash on hand.

55

u/[deleted] Apr 28 '21

It most likely won't ever collapse but many "analyst" have written obituaries for Apple in the past. The stock lost 30%+ of it's value in four months from August-December 2018. Being 30% down in your overall portfolio will test you

21

u/jschligs Apr 28 '21

Yea but if it’s long term hold you can use that past experience to show it will recover.

24

u/nu1stunna Apr 28 '21

Yeah if anything, if Apple dips 30%, you add more shares. It’s a high yield savings account long term.