I Bought Apple In 2013: Now I'm Selling, Here Is Why

|
About: Apple Inc. (AAPL)
by: Cory Cramer
This article is exclusive for subscribers.
Cory Cramer
Value, portfolio strategy, contrarian, medium-term horizon
Summary

I first bought Apple in 2013 and added in late 2015 and 2018 during dips in the stock price.

Apple stock has been very good to me over the past several years, but the estimated forward returns have become too low for me to continue holding the stock.

I sold my Apple stock this week and will be looking to reallocate my funds while I wait for Apple's price to trade at a lower valuation.

Source

Introduction

I have been a long-term Apple (AAPL) shareholder and bullish on the stock for nearly seven years. I first purchased the stock as a value investment for my then three-year-old daughter's