Hello, hopefully everyone is having a great start to their week. I was lucky enough on last Thursday to buy 10 shares of Apple (AAPL) stock at $105.9875. Apple is a company that I have been thinking about for many months now. I decided to finally dip my toes in and buy shares in Apple.

I could say part of the reason for this buy is FOMO (Fear of Missing Out), but I would like to believe that I did some research on this stock. I have been thinking of Apple as long as I have owned Starbucks, a year and some change. Psychologically I think it puts me in a pretty good position. I will be happy if they have a bad year in 2016 so I can purchase more shares. The P/E ratio is currently at 11.43. Apple has a pay out ratio of 21.3%. A lot of room to grow the dividend over the years.

This is definitely an investment and not a trade for me! I am sure there will be bumps in the road, but I believe in the long term Apple will do great for me. Apple is paying out $2.08 annually which brings me to an annual total of $1,678.41 for divis. $1,321.59 to go to hit the $3k!

The 1.97% yield from Apple isn’t the best for reach this goal. I, however, am willing to make a sacrifice on yield to own part of a company like Apple. I do not have to fear them going out of business over night.

As I am writing this on Monday evening, I am shocked to see BNS under $40 ($39.86) and TD at $38.56. I could average down quite a bit on BNS if it stays in this territory for a few more weeks. I purchased the few TD shares that I own at $39.00. I would most likely average down on BNS if I had to choose between the two but would also like to pick up more shares of TD. I find this a great problem to have though!

I hope everyone has a great rest of the week!

Take Care,

JT

6 thoughts on “Recent Buy: Apple

  1. I don’t see that one on the NYSE unfortunately. Do you like Bank of Montreal or Royal Bank? I am not sure if I want to stick with just the two or branch out to another as well. Thanks for stopping by!

    JT

    Reply
  2. Hey DD,

    Apple is looking great. One of the very few US companies I’m thinking about purchasing with my hard-earned CAD. I’m with you here on averaging down on BNS.

    About your question concerning RBC, I just compared it to TD in my latest post if you’re interested.

    Best regards,
    DB

    Reply
    • Yeah I saw that! I really liked the side by side comparison. I think if I were to buy shares of a Canadian bank with my next purchase it would be BNS (to average WAY down) or start a position in RY. I haven’t made a decision yet. BP is still dropping too which is another one I’m considering. AAPL and XOM too. Too many choices…

      Thanks for dropping by!

      JT

      Reply

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