Quoted from plowpusher:How much higher can this AAPL run . I have 100% of my retirement in it but still got 6 years left to hit 65
“Be quick to sell your losers and let your winners run”
The multiple on the S&P went from 14 to 18 in 2020. Clearly great earnings are needed to continue the rally into 2021
The consumer is crushing it, makes up 70% of the economy and manufacturing is starting to show signs of life. Low rates, fed accommodating, low unemployment, rising wages the rest of the world coming to life etc. China trade deal phase one all adds up to more clarity for business investment
Apples multiple went from 13x to 22.7x as the shift to services is becoming more robust, which lead to higher margins, around 64%
Apple has been grossly undervalued. Is it
still? No. But MSFT is at a 31x multiple
I don’t sell my core Apple position. I look to buy on dips. I expect that to continue over the next decade for me
TTD, AYX, MDB, OKTA, SHOP have been great small caps that I also like to buy on dips. TTD is my favorite. And I added PINS recently
Not intended as “investment advice” and “past performance is not indicative of future results”