Monday, August 31, 2020

My First Stock Split

 I've waited a long time but I finally owned a stock that split. Apple did a stock split and my 3 shares of Apple in my Robinhood Account turned into 12 shares at 1/4 of the price. Apple ended this past Friday at around $500/share, so 1 share at $500 turned into 4 shares at $125. 

I did appreciate the Robinhood App giving multiple notices of this stock split. I think Robinhood gave these notices primarily to reduce questions for customer support. 

A split like this makes me optimistic because I see the stock price of Apple continuing to rise. I am able to buy partial shares with Robinhood but if I wanted to buy a full share, it is easier to buy it at $125/$130 per share than $500 per share. 

I do have a lot of "regrets" right now with not buying more Apple stock but hindsight is 20/20. I am lucky to be in a position where I am able to invest money and not be living paycheck to paycheck.