On 14th day of September 2021, Apple Inc. held its Apple event and introduced its latest products, amongst others, latest iPad, Apple Watch and iPhone 13 series. What attracted me the most in this event was its iPhone 13 Pro Max. That maybe purely because of my current iPhone 6S Plus is already too old and its battery has started to fade out anytime in the future.
New iPhone does not come cheap. The iPhone 13 Pro Max (256GB) that I was looking at costs about USD1,199.00.
This event gave me an idea of buying Apple’s shares instead of its products. But of course, if I have enough budget, I will buy iPhone 13 Pro Max as well. And because of this, I have decided to conduct an experiment which I now called it MY APPLE PROJECT.
MY APPLE PROJECT
I set this project for 10 years. The rules of this My Apple Project is simple, I will buy Apple’s share if a new iPhone series is launched. The amount of shares I acquire would depend on the price of the iPhone launched by Apple. A simple example will be as follows: -
- Price of iPhone 13 Pro Max =USD1,199.00
- Then I will use this USD1,199.00 to acquire the share of Apple in eToro for same month when the new iPhone series is launched for the next 10 years.
PROJECT EXECUTION
As of today, I have put up the relevant fund to work on this Project, which is USD1,000.00 to purchase the share of Apple in eToro.
Let’s see how it would turn out to be in the next 10 years, which is YEAR 2031.
#AppleProject
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