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Jan 11, 2019
1:31:32pm
Windward_Coug All-American
How do stock splits work exactly?
When I got back from my mission in 2004 I got a job at the BYU bookstore computer department. I thought we'd be selling desktops and laptops all day, but instead we were busiest selling these things call "ipods" which I had never heard about, being out of the country the last two years. We'd sell them like hot cakes all day long, $250-$400 music players to poor college students. I couldn't believe it. Anyways, after about a week of working there I called my dad and begged him to buy Apple stock, I told him it was the next big thing.

I guess I wasn't very convincing, because he didn't do it, but he asked me to look up how much he would have made. So if Apple traded for $2.00 a share back then and my dad had sold in November 2018 for $200, that's 100x his money. That's math that even I could do, but Apple had a 2 for 1 stock split in 2005 and a 7 for 1 split in 2014. Does that mean his stock would have been worth 1400 times what he would have paid for back in 2004?
This message has been modified
Originally posted on Jan 11, 2019 at 1:31:32pm
Message modified by Windward_Coug on Jan 11, 2019 at 1:32:27pm
Message modified by Windward_Coug on Jan 11, 2019 at 1:33:00pm
Windward_Coug
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Eldoradocoug
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Windward_Coug
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May 10, 2024
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