I am by no means a stock market genius. And please, don’t take anything you read here as investing advice.
But I will tell you this: my retirement is a great deal more secure because I invested in Apple.
In fact, my wife, who is completely agnostic when it comes to Macs or PCs, completely supports my home Mac purchases – largely because I’ve made far more money than I’ve spent.
Several years ago, just before the introduction of the Newton in the early 90’s, I made my first investment. I thought that the Newton was going to revolutionize the computing market. I was wrong about that, but I was right about Apple. And ever since Steve Jobs returned to the company, the stock performance has been amazing.
I follow Warren Buffet’s investing advice: only invest in companies you deeply understand. So I’ve been comfortable buying and holding Apple stock, while I’ve been puzzled about other companies and their plans, including previous tech titans like HP and IBM.
I have no idea where the economy as a whole is going, but I think there’s strong evidence that Apple will continue to dominate and innovate in the personal technology space. I think that while Jobs is at the helm and in the years to follow without him, the company will continue to produce revolutionary and positively disruptive products, ones that make technology a more natural part of our lives. Over the next few years I expect to see dramatic changes in television, book and magazine publishing, and portable computing. And I expect Apple to be at the forefront of it all.
I can’t promise I’ll hold their stock all along the way, but I’ve certainly benefited up till now. And I still think there’s an opportunity to make money on the stock.
Tomorrow: what the future holds for Apple and us all.
Update: link to the entire series.
