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Most investors remember September 29, 2008 well. The stock market crash has already started after the collapse of Lehman Brothers a few weeks ago. But that day, Congress rejected the Emergency Economic Stabilization Act, a bill aimed at stabilizing investment banks. Investors prepared for the worst as warning signals flew back and forth on Wall Street. The Dow Jones Industrial Average plummeted in intraday trading, dropping 777.68 points, sending global markets into a panic. The crash continued even after Congress passed his bill in October 2008. Many stocks suffered heavy losses, but some investors seized the opportunity to buy during the decline.Since then, notable tech stocks including apple (Nasdaq:AAPL) recovered significantly. However, this raises the question of whether his $1,000 investment in AAPL stock, made in September 2008, is worth today.
Let’s take a closer look at the numbers and find out exactly how much.
AAPL shares since the 2008 stock market crash
Since 2008, AAPL’s share price has been on an upward trend, showing impressive growth. It has emerged as one of the most recognizable names in the tech sector as products such as the iPhone are continually being pushed to new heights. Since the market began its decline in September 2008, AAPL has risen nearly 3,000%, outperforming some tech sector giants and keeping pace with others such as: Amazon (Nasdaq:AMZN). Investors such as Warren Buffett have made long-term bets on it.
Apple’s winning streak speaks for itself, but exactly how much will you earn from your $1,000 investment on September 29, 2008? We did the math and found out. AAPL shares closed at $3.47 per share on the day.Since then, it has roughly doubled to this day. 4077.23%, and the current stock price has reached $144.94. At 2008 prices, $1,000 would have bought him 288.18 shares of AAPL stock. Given the calculated rate of change, $1,00 invested in AAPL stock on September 29, 2008 is worth $41,771.691. In other words, this is a return on investment (ROI) of over $40,000.
worth the wait
In 2009, CNBC I calculated the return on my investment in Apple 10 years ago. As of May 2009, AAPL was still struggling. It rebounded slightly from the previous year’s crash, but was still below $5 a share. According to outlet calculations:
If you had invested in Apple 10 years ago, your decision would have paid off. According to CNBC’s calculations, his $1,000 investment made on May 1, 2009 is worth as of 12:00 noon May 1, 2019, yielding a total return of over 1,200%.
An ROI of $12,000 is certainly a profitable investment, but an ROI of $40,000 is much better. The underlying consensus is that buying stocks when markets are at their worst is profitable, even when bearish energy is abundant. So now is the time to buy.
Having bought AAPL stock just a few months ago and kept it in the market for a few more years, investors could have more than tripled their profits. An investor can also take comfort in the fact that on September 29, 2008, his $1,000 investment in APPL would be worth more than his investment in Amazon. made on the same day.according to investor place Doing the math, the same investment in AMZN would generate an ROI of over $36,000. The numbers are impressive, but still not as high as Apple’s return.
As of the date of publication, Samuel O’Brient did not hold any positions (directly or indirectly) in the securities referenced in this article. The opinions expressed in this article are those of the author. InvestorPlace.com Publication guidelines.