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Reply to "How did you make your millions?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Not me (yet), but DH at 40 or so. Apple stock. [/quote] So how much did he invest when?[/quote] A few thousand here and there decades ago, starting when Apple was at its lowest. He was a poor graduate student, so he couldn't invest much. Now he has a few million.[/quote] And for every apple investor you can find a Yahoo or GM where you don’t get a turnaround. Wasting a few thousand on the hope of iMacs as a starving grad student is fun, but hardly a strategy much different than lottery ticket. [/quote] Actually, a little bit different. He continued to invest for some years every time Apple hit some lows. He told all his friends and family to invest. Those who dared got the jitters and sold years ago, and did not make much at all. It takes guts to hold stocks when the market does its usual roller-coaster runs, and beyond that, it takes significant understanding of the industry you're investing in to know when to buy, when to hold, when to get out (which we've never done). I'm in Amazon and similar tech myself. [/quote]
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