Why Are Apple’s Shares Down Almost 27 Percent?

apple

My friend Donna owns plenty of shares in Apple stock.

Her portfolio is worth about $200,000. It’s the only stock market investment that she owns.

Last year, I suggested that she diversify.

But she had fallen in love with Apple. The stock had made her bucket loads of money. She expected buckets more to come.

But the tide turned red. On April 27th, Bloomberg reported that Apple was the Dow Jones Industrials worst performing stock since its induction into the index, just over one year ago.

In the 12 months ending May 12th, 2016, Apple’s stock fell nearly 27 percent. That compares with a 0.37 percent gain for the S&P 500.

Image by Pixabay

Read the rest at AssetBuilder.com





Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I’m happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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