There come times in one’s life, where you realize that you have been colossally stupid. Today is one of those days.
When I was 18, I received around $3,000, which I spent quickly on a car and stuff I didn’t need. The car was a good investment, because it worked, which the one I had before didn’t have going for it. I had also considered entering the stock market, and one of the companies I was looking at was none-other than Apple.
This may sound strange, but it’s true. I understood what Steve Jobs was capable of. He was the first person to make computers a thing girls thought was cool. The iMac changed everything. I know, it sounds cliche now, especially since companies now use that line for everything they do. I knew that if he could make computers cute, he could do anything, and I wanted a piece of it. I was enough of a geek to know these things, but “normal” enough to completely ignore them. I ended up buying things like clothes, a stereo system, TV, etc… Things any 18 year old thinks are really important.
Looking back today, I want to go back in time and punch myself in the face.
Had I invested $1500 in October of 2000, I would now have over $90,000 worth of Apple, without ever investing another dime in it. The stock was at $9.78/share then, and is now at $601.10/share as of close yesterday (Mar-19-2012).
$1500 / $9.78 = 153 full shares, plus some change.
153 * $601.10 = $91,968.30 today.
God am I stupid!
I guess the lesson is: trust your instincts, because you never know which one could pay off in the end. If anyone has a time-machine, I’ll deal you in if you take me back so I can invest in Apple, Google, and a few others.