No Apple For You
Shares of Apple stock went public for the 1st time in December 1980.
But at that time, Massachusetts barred its citizens from buying shares of Apple, as the state government deemed the shares too risky.
Per the Wall Street Journal on December 12, 1980, “Under the Massachusetts ruling, the Apple stock falls short of several provisions aimed at weeding out highfliers that don’t have solid earnings foundations.”
A $100 investment in Apple shares in 1980 would be worth more than $125,000 today.
(source: Thomson, Inc.)
The views expressed herein are those of the author and do not necessarily reflect the views of Raymond James & Associates or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results.
The investments listed may not be suitable for all investors. Raymond James & Associates recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
