I’m doing some math this morning and I thought I’d share an old image.
In January 1997, in Apple’s darkest days, I purchased 50 shares of Apple stock for $16.75 per share.
Back in those days, you bought actual stock certificates and I kept mine in a safe at home. Over the years, I bought and sold more Apple stock using a brokerage account. Meanwhile, these shares snug in the safe, began to grow. Not only did they grow in market value as Apple rebounded and became the major technology player it is today, but there were three stock splits, 2:1, 2:1, and 7:1 over the years.
I transferred the stock certificate and its offspring to a brokerage account before the 7:1 split, so it would be more liquid. I sold it off in bits and pieces over the years to help finance various other investments like my first helicopter and a small apartment building I used to own. Because of the splits, there were always shares to sell. In 2013 and 2014, these shares were instrumental in helping finance my crazy divorce and build my new home.
I still have some of those original shares. If you do the math — which I did this morning — you’ll discover that the shares I have left have a cost basis of about 60¢ per share. This morning, Apple opened at $114.57 per share. If I still had all the shares from this original investment (which, sadly, I do not), it would be worth $160,398 — all from a $837 investment by someone with faith in a failing company.