investment Stories November 2, 2015

AAPL: 121.18

1.68

Another reason you might want to hide one of the iPhone’s default apps: your financial health …

With Apple not allowing us to delete its pre-installed iPhone apps, may of us take to hiding them away inside a folder on the ‘back’ screen where they at least don’t get in the way. But a report in the WSJ suggests there’s another reason you may want to hide the Stocks app: using it too often can lead you to make poor investing decisions.

The report references a phenomenon known as myopic loss aversion, in which people are likely to sell stocks when they see frequent downward movements – even if the long-term trend is up.

When people are frequently told how their investments are doing—say, if they are given a daily update on their long-term investments, by smartphone or any other digital device—they are more likely to make poor financial decisions and possibly sell at the wrong time.

The reason frequent checks are risky is that the more often you look, the greater the chance you’re going to see a drop in the price. And that has nothing to do with the stock’s performance, it’s just stats.

If you check every single day, there’s a roughly 47% chance that the market will have gone down, based on its past movements. But what happens if you check once a month? The numbers will start to look a little better, as the market will only have gone down 41% of the time. Years are better still, as the S&P generates a positive return seven years out of every 10. And if you check once a decade, then you’re only going to get bad news about 15% of the time.

So if you want to make the best investment decisions, it seems the smart money is on leaving the Stocks app well alone.

Apple has come under criticism for continuing to offer a 16GB iPhone in 2015, but defended the decision on the basis of cloud storage and app thinning.

investment Stories February 1, 2014

What happens when your app gets featured on ABC’s Shark Tank, the TV show where rich investors listen to pitches from wannabe entrepreneurs looking to raise funds? For app developers Egos Ventures it means shooting up hundreds of spots on the App Store charts to become the top paid app in the store overnight. The developers behind the hands-free panorama app called Cycloramic were able to capture a $500k investment from two of the Sharks on last night’s episode. We spoke to the developer who appeared on the show last night, Bruno Francois, to find out a little about the experience and get some stats on downloads following the investment. expand full story

investment Stories January 22, 2014

[tweet https://twitter.com/carl_c_icahn/status/426016453846790144]

Following a precatory proposal from billionaire investor and Apple shareholder Carl Icahn urging Apple to vote on a larger buyback, Icahn today announced on Twitter that he thinks Apple “is doing great disservice to shareholders by not having markedly increased its buyback.” He also said that he would soon send Apple another in-depth letter regarding his proposals and confirmed that he has purchased another $500 million in Apple shares bringing his total investment to $3 billion.  expand full story

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investment Stories August 14, 2013

Following comments from billionaire investor Carl Icahn that he had taken a “large position” in Apple and discussed a larger buyback with Apple CEO Tim Cook, Apple’s stock experienced a new six-month high of over $488 per share. Today, AAPL continues to climb and has passed the $500 mark for the first time in nearly eight months since January 23rd.

In an interview with The Wall Street Journal yesterday, Icahn noted that he expects Apple shares will soon rise above $600 and explained his proposal for increasing the stock buyback:

“This is a no-brainer to go buy stock in a company that can go borrow” at a low rate, Mr. Icahn said in an interview. “Buy the company here and even without earnings growth, we think it ought to be worth $625,” he said, referring to the stock price, which closed Tuesday at $489.57, having risen 5% on the news of Mr. Icahn’s investment.

Mr. Icahn’s thesis rests on Apple borrowing at about a 3% interest rate and buying back shares right now, likely at around $525 a piece. A stock buyback can increase earnings per share by reducing the number of shares outstanding.

While Icahn didn’t provide any financial details, WSJ adds that sources say his stake in Apple is now worth over $1.5 billion. expand full story

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