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Re: acesteele post# 2192

Saturday, 05/01/2010 4:21:03 PM

Saturday, May 01, 2010 4:21:03 PM

Post# of 6975
I first invested in tech in 1998.

I bought 500 shares of AAPL at a split-adjusted $7.50 for $15,000.

You are correct in stating that AAPL essentially flatlined until 2004, but I didn't mind. I had foreseen Apple's success and was willing to wait it out until the market figured it what I could already see back then.

The stock has split twice since I bought, and I now have 2000 shares worth $520,000.

At the time I made my first tech investment, if I had chosen Microsoft instead of Apple, my $15,000 would now be worth about $26,000.

AAPL has performed 20X MSFT's performance over the course of my tech investing career.

I know a couple of geezers that did well in MSFT back in the day, but I was looking for the next big opportunity, not one that had already occurred.

I credit Microsoft for its past performance, but it has been totally over for them since 1998 as a means of providing wealth to new investors. Meanwhile Apple is still in the early stages of bringing wealth to those who own the stock.

I decline your invitation to take lessons in revisionist history. I'll leave the fabrication and distribution of revisionist history to you, as you have demonstrated your considerable expertise in that area.

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