Paul F. Rodgers, CFA, has an MBA from Case Western Reserve University with concentration in finance. He is a CFA, Chartered Financial Analyst. He managed both personal money and mutual funds for National City Bank starting in 1988 before founding Gold Leaf Capital Management, Inc.
Retired for 8 years, AAPL Long for 15+ years. All trust and IRA accounts for my wife and myself are 100% invested in AAPL and have been for the past 10-12 years.
Thanks to Apple restarting the dividend program in August of 2012, our current yearly AAPL dividends > 3.96X(my pension+wife's pension+my Social Security). In the 4+ years that Apple has been paying dividends, that's amounted to a total of $1,525,849.96.
AAPL for 2015 & 2016
1. Although many Apple naysayers on SA have said AAPL has been "dead money for two years", we received $361,963.68 in 2015 AAPL dividends and $400,733.99 in 2016 AAPL dividends for a total of $762,697.67.
2. About 61% of our AAPL stock is in our IRA accounts and 39% is in our trust accounts. Our IRA AAPL dividends are set to auto-reinvest and bought a total of 4,333.05 shares over those two years at stock prices from $91.10 to $128.73 for an overall cost basis of $108.56/share. Those 4,333 new shares are up $45,210.02 or 9.6% as of 01/13/17.
Bottom Line: Not "dead money"
The only AAPL shares we sell are to meet RMD requirements of my IRAs or for travel, etc.
Note: The photo was taken a few years ago (late '40's)