“When Anton Marinovich turned 18, his grandmother gave him $1,000 with strict instructions to invest in the stock market. He chose Apple Inc.,” Jessica Toonkel reports for Reuters.
“Seventeen years later, his investment is worth more than $240,000 and will bring him over $1,000 a quarter through the company’s new dividend plan,” Toonkel reports. “‘It’s pretty bananas,’ Marinovich said. ‘I always hear about all these people here in Silicon Valley falling into huge luck, but I never thought it would happen to me,’ said Marinovich, who is the director of sales at Equilar, a Redwood City, California-based executive compensation consultant.”
“Watching Apple shares soar more than 77 percent over the past 12 months has been a wild ride for people like Marinovich, who are firmly planted in the cult of Apple. Between him and his fiancee they own two iPhones, two MacBooks an iPad and 400 shares of Apple,” Toonkel reports. “Many loyalists bought stock years ago when shares languished at double-digit prices. The held on to it out of a love for the company and its products. Now, they are being richly rewarded by a share price of around $600 and a rich dividend payout from Apple’s cash pile of nearly $100 billion.”
“Seventeen years later, his investment is worth more than $240,000 and will bring him over $1,000 a quarter through the company’s new dividend plan,” Toonkel reports. “‘It’s pretty bananas,’ Marinovich said. ‘I always hear about all these people here in Silicon Valley falling into huge luck, but I never thought it would happen to me,’ said Marinovich, who is the director of sales at Equilar, a Redwood City, California-based executive compensation consultant.”
“Watching Apple shares soar more than 77 percent over the past 12 months has been a wild ride for people like Marinovich, who are firmly planted in the cult of Apple. Between him and his fiancee they own two iPhones, two MacBooks an iPad and 400 shares of Apple,” Toonkel reports. “Many loyalists bought stock years ago when shares languished at double-digit prices. The held on to it out of a love for the company and its products. Now, they are being richly rewarded by a share price of around $600 and a rich dividend payout from Apple’s cash pile of nearly $100 billion.”
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