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Oh how I would love to manage Apple's Cash Stash... Or even just 1% of it!

Jan. 11, 2011 4:27 AM ETAAPL
Greg Herman profile picture
Greg Herman's Blog
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At over $50 Billion in cash, short-term investments, and long-term investments, Apple has amassed a cash hoard that is larger than all but 100 publicly traded companies. What has Apple done with this money... put it all in the piggy bank. Americans as a whole could learn an excellent lesson by following the lead of the largest tech company in the world. The problem, however, is that our government has sold out savers, forcing Apple to earn next to nothing in low-risk investments. I feel that even if Apple intends to use this money down the road, they should higher a money manager right now to attain an adequate rate of return. They could even pilot this program, with say 1% of their stash, or roughly $500 Million. Maybe in a few years, I'll have to send Mr. Jobs a real proposal. Just something interesting to think about...

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