Some thinking with AAPL

Be careful with this sentiment. It seems like everyone suddenly thinks AAPL is invincible. I hold AAPL and plan on never selling, and definitely won't be trying to time it (unless it gets very cheap). But even AAPL goes through periods of greed and fear. Not so long ago (early 2019) there was a massive sell-off for AAPL (I loaded up back then as it was a really good deal) and the stock didn't get back to its ATH until over a year after the previous ATH in Sep 2018.

That was a short while ago, and even though the company grew a lot since then and it has quite different fundamentals going on, I wouldn't be so confident that it's a completely safe investment (again, I am a long-time holder and don't plan on selling). Ffs, I've seen AAPL referred to as a cash-like investment three times this week! It's not and it never will be. It's a damn good company, but it's incredible how overly optimistic people became about this stock seemingly overnight (well, over the last month, really). Hell, even going back to October or summer, you wouldn't see anyone refer to it as a savings account or a cash-like holding. It's all just an echo chamber and the current state of the market (with MSFT and AAPL outperforming recently) makes everyone think it will only go up. Long time, sure, that's very likely and I am very confident in that. But even this year it had a period of almost -20% over a couple months. Just two months ago, there was a -10% correction. There will be more of those, so stop treating it like cash. I don't think you'd post a comment like this just two months ago.