Apple (NASDAQ: AAPL) went public in 1980, and has gone on to become one of the greatest investments in history.
Its total return over its 39-year history is 56,465.09%.
In other words, it would have turned $1000 into $564,650.
Who wouldn’t want returns like those???
It’s easy, in hindsight. But owning it day to day? That’s a different story. Because believe it or not, owning Apple stock has been torture.
Now, you may be wondering, “How is that possible?” Here are the facts:
- From 2004 to now, Apple has been down 20% one out of every four days on average. That’s roughly 25% of the time.
- It’s been down at least five percent 61% of the time over the last 15 years.
- Over the last 15 years, the number of down days has exceeded the number of up days – yet Apple has still managed to gain over 13,000% during this period.
So you see, investing – even in great companies – comes with torture.
That’s the price you pay if you want to build wealth, though. And it’s one I would gladly fork over my money to!