I finally bought AAPL at US$170/share today. I have kept observing this stock for so many years. From before the stock split to US$140 -> US$150 -> US$160 -> US$170.
I had previously vouched not to purchase technology stock due to previous bad experience with Creative Technology stock.
Somehow, this stock trading at 30 times PE is just a galloping horse and the price keeps running up, while brick and mortar stocks are terrible performers.
Other reason I can think of:- Warren Buffet owns AAPL since 2016.
The amount I paid is the price of a iPhone 13 in Singapore. Hence it is not a big amount, but hopefully, this stock will beat inflation and the annual return from S&P 500 (10%). If it can achieve a rate of return of 20%, I would own another iPhone in 5 years time (price without inflation consideration).
