The Apple Keynote Index Fund
- January 2nd, 2008
- 1 Comment
Ever wish your parents invested in IBM way back when it was still hot? Well here’s a way to make some quick and easy money in tech without having to rent out your body. If you buy Apple stock (MSFT… OK… APPL) the day before the MacWorld keynote (this year it’s on January 15th at 9am) and sell it 48 hours later, you’re almost guaranteed a small win. This, however, does not make a good investment strategy.
It’s a risky proposition to act as a daytrader with Apple stock around the Steve Jobs keynote regardless of what rumored devices are on the horizon, but the lesson I’m taking away from it is that buying and holding is the definite winner. Of course, without a time machine to travel back to 1997, continued growth for the next ten years may not meet the 52x growth seen in the past ten years.
Again, don’t take this as investment advice because with my luck you’ll invest $10 million and Steve will announce he is now a monk and Apple will only sell bamboo alms bowls.
Project Page via BBG
Adam (Who am I?)
8 months ago
I’m actually happy my parents didn’t invest in IBM when it was hot (maybe you mean BEFORE it was hot…) they’d be down about 40% (IBM high about 137 in 1998, now about 105, assume inflation 2%/yr)… and AAPL at 49x earnings is the LAST stock I want going into a US recession (perhaps worse), flipping coins going into an event OR long term. This is the 2nd post I’ve read on CG that alluded to AAPL going higher. I comment on the other side for a bit of balance… Can’t claim I know where the price is going but I bet it’s well under $200 by the end of 2008.