2006/02/08

Apple shares: not for me, right now

For posterity, or something, I thought it would be a good idea to say that right now, just after Apple shares have slumped, is theoretically a great time to buy them.

In fact, I previously told myself that next time such a thing happened, I would buy some. But I’ve actually decided against it. The first is that I don’t know how to buy shares. That’s a bit of an embarrassing reason.

The other reason is that it just doesn’t make sense. I have some savings, but I need it to live off over the next few years. I’m not a gambler by nature, so were I to buy shares now, even if they increased threefold as they have already over the last few years, my end return would be, in the scheme of things, not that much.

So — no riches for me. I’ll wait ‘til I grow up (by which I mean “get a real job”) before learning how to invest money.