Apple Stock for fun

[skives]

My wife and I are about to be debt free. Less than a month before our last debt (mortgage) is paid off.

we will have about $2,000 free per month to do what we want with. I was wondering what everyone’s thoughts were if for fun I wanted to buy $100 of Apple stock each month?

[kork13]

Nothing wrong with that. It's obviously a strong company in good shape. Just a couple of things to keep in mind:

1) Current stock price is just under $200. So unless you're using a broker that allows you to buy fractional shares, you'll have to do more than $100/mo (unless you plan to buy 1sh every 2 months).
2) Apple's share price is basically at an all-time high (they used to have a higher price, but Apple did a stock split last year (or sometime recently). Anyway, you're buying at the historical top. That's not really to dissuade you, but just research it to decide if you think the company's growth will continue going up, or if you think its shares could drop & cut your feet out.

[disneysteve]

No opinion on the stock but I just wanted to say congrats on the upcoming debt-free status.

[kork13]

No opinion on the stock but I just wanted to say congrats on the upcoming debt-free status.

I somehow missed that tidbit entirely ... THAT'S AWESOME!!!

[myrdale]

I would make the suggestion to consider putting some of the $2,000 towards Roth IRA each month also. If you could swing $1,000 per month ya'll can max both your Roths out each year.

I've never played with individual stocks. I'd say go for it.

[bjl584]

Congrats on being debt free.
You may want to wait and purchase every few months in larger share amounts, unless you get unlimited free trades.
Or maybe pick a handful of stocks and take turns investing in them once every X number of months. Create a rotation of sorts.

[Drake3287]

Yep, you can't go wrong with Apple stock. I bought it years ago at $95. a share and since then it's even split twice and is currently running around $194. a share. Can't see it going south anytime soon. I only wish my Ford stock has done better!

[LivingAlmostLarge]

Yay and congrats