What do you think of when you see this graph:
This is Apple’s share price between 10 am and a little after 5 pm today – April 26th 2016. All I can say is WOW!
After they released a lackluster earnings report their stock dropped by more than 8%!
Can you believe it!? Here’s the problem, even though you may feel bad for the tech giant, you should probably feel worse for yourself.
Even if you own one of the most plain-vanilla S&P 500 index funds, Apple probably has one of the largest positions in it.
Translation: some of your money just went poof.
Even for conservative investors who aren’t out looking for the next big thing or trying to time the market, but simply want a safe, consistent return.
Does that cliff look safe to anyone else?
Facts are facts. The stock market is a gamble and too many people gamble way more than a few hundred bucks – they’re gambling with their life savings.
Without anyway of knowing Apple was going down like this today or when any company for that matter will drop off a cliff, it’s tough to argue for stock market stability and consistency.
This isn’t the first time Apple has come up – back in 2011 I wrote about the illness of the late Apple CEO Steve Jobs and how it affected Apple stock
There are hundreds of other similar examples proving that money in the stock market is money completely out of your control.
It’s time to get back in control isn’t it?