Enough with the Ipods and Ipads already! If you haven't done so yet - buy Apple stock. The company stock (AAPL) went up 6% in the pre-market trading on July 20th, after blowing away expert estimates. Apple made $7 billion in 3 months, which makes it the global leader in mobile phones and tablet PCs (more bad news for RIM).
I have yet to buy one Apple product. I think I have an Ipod shuffle somewhere that I've received as a free gift for opening a bank account.
(Just for the record, AAPL stock is now at $398.80)
Update: No, I don't want to see how cool your Ipad 2 or Iphone 4 is.
Update 2: Yes, I know its more snappy than Android.
http://tech.fortune.cnn.com/2010/03/09/5-reasons-to-buy-apple-stock-again/
1. Tech spending will be up; Apple (AAPL) benefits.
2. Apple has superior earnings growth.
3. Apple is fairly priced compared with expected earnings.
4. Apple still has the ability to surprise and beat the Street.
5. It's the most innovative company in the world.
What did I do instead? Like every good tax paying Canadian I put my extra money into RRSPs - TD mutual funds. I didn't check recently, but I think with all the ups and downs I've made a whopping 1.5%. That's a mind-blowing 0.375% annually. I don't think I can even buy a decent Ipod (I'm not talking about those butt plugs shuffle-ipods) with the profits I've made.