[APPLE PROJECT] SECOND TRANCE OF USD600 INVESTED

 As I have posted on 22.09.2022, the second trance of USD600 has been invested in APPLE through my eToro platform. The record is as follows:-

 Thus, as of 28.09.2022 my Apple Project for 2022 has been fully executed.

[APPLE PROJECT] SECOND TRANCE OF INVESTMENT

On 22.09.2022 the US Federal Reserve announced another raised in interest rates by three-quarters of a percentage point for the third consecutive time. This may represent another pressure on Ringgit against the US Dollar. It also means that I have to pay more (of Ringgit) for the second trance of USD600.00.

Apart from that, the probability of a recession is high, especially in the Europe which is facing high price of energy. 

I strongly believe the currencies (US Dollar and Ringgit) would normalize in the long term because rates would cool off from its peak, but the thing is that this normalization might take few months or even longer than that. My point here is that if I wait for the "normalization" to take effect, I may miss out the price rally of a great company like APPLE.

Notwithstanding of the above, I am of the view that APPLE has a strong economic moat from its strong royal fans which are willing to spend on its subscription services. This can be seen from its increased in subscription numbers which drove double digit growth in service revenue. 

So, this is what I am going to do. I intend to slow down the progress of my injection of the second trance of USD600.00 (investment in APPLE). My estimation of the timing would be in the next 4 to 6 weeks. 

Rest assure that I will update again.

#AppleProject

[APPLE PROJECT] iPhone 14 and New Investment 2022

MY APPLE PROJECT

 

As I made a post last year 4th October 2021 regarding my little of My Apple Project, i.e. to buy Apple’s share if a new iPhone series is launched.

 

On 7th October 2022, Apple announced its new iPhone 14 series. Once again, this iPhone 14 does not come cheap. The iPhone 14 Pro Max (256GB) costs about USD1,199.00. Therefore, I will acquire USD1,199.00 worth of share of APPLE.

Here is my plan, I will acquire the share of APPLE in two (2) tranches with each trance worth of USD600.00.

 

PROJECT EXECUTION

 

As of today, first trance of USD600.00 has been invested in APPLE in eToro.

 

The second trance of USD600.00 will be executed in due course.

 

Let’s see how it would turn out to be in the next 10 years, which is YEAR 2031.

 

#AppleProject