Today I added to my position in Apple (AAPL) by buying another 25 shares at $137.10 each for $3,427.50 total purchase price.
Despite the recent run up in prices, and $717Bn market cap, I believe that Apple remains a fair bargain, relative to other securities.
It also doesn’t hurt that Berkshire has been buying AAPL hand over fist lately.
Apple’s cash hoard is bigger than some of the market capitalization of some of the biggest names in the S&P 500, and future iterations of the iPhone should continue to propel fundamentals higher.
Some also say that Apple is now the best dividend growth stock in the market.
Additionally, there’s also always a possibility of new innovation in the pipeline as technology continues to transform society at a hyperaccelerating rate. Although Apple has not been as innovative lately as in the past – and while I think GOOGL, AMZN, and FB are much stronger in that department – I think there’s also always the possibility of them surprising to the upside in the next few years.
The first trillion dollar cap company is probably going to be either AMZN, GOOGL, or AAPL. Tough to say which one, and I don’t think you can go wrong buying at any price any of these names, assuming a 20 year time horizon.
At $0.57 quarterly dividends per share, this purchase will add another $57 to my forward income.
Updating my portfolio accordingly.