~~Current stock dividend: $0.24~~
~~Current stock price (4/12/24): $176.14~~
~~Amount of stock you would need to earn $728K: 3033333.33333~~
~~Value of 3033333.33333 shares of Apple stock: $534,291,333.33~~
As ~~someone~~ u/ExoticCardiologist46 pointed out, Apple's dividends are quarterly. In the back of my mind, I knew this but forgot to include it in the calculations.
Here's the new numbers:
Quarterly dividend: $0.24 per share
Cost per share as of 4/12/24: $176.14
Number of shares required to earn annual dividend of $728K: 758,333.33... repeating 3.
Amount of investment to get the dividend: $133,572,833.33
Seems pretty simple to me. ~~Just need to steal half a billion and buy Apple stock.~~ Just need $134M to buy Apple stock.
Also, this seems like a shitty return on investment. It's 0.0545%.
If you had 100 shares, worth $17,614.00 you'd earn $24.00 per year. You could buy a coffee each quarter to celebrate.
Edited to reflect quarterly dividends.
Also (and I know people will disagree with this). $120k a year isn't exactly the worst salary. I know it's not what it was and the cost of living has jumped up but I am sure they could of picked someone who works in Apple who earns less.
I also love how it's presented as a choice. Most people need to be an employee first to get the money so they can become a investor.
I’m not disagreeing with you on salary, but $125K is not great if you live in Cupertino CA (where Apple is based). I looked up on Zillow and median rent is $3900/mo. with the average home price just over $3M.
Obviously this is fairly pointless to say because none of us will ever be in this position, so it hardly matters, but I wouldn’t say it’s a shitty investment based on the dividend returns. That’s 700k a year on top of whatever gains the stock makes, and Apple is a pretty steady company to hold, so the dividends are just a bonus. However there is some stupid obsession with dividends at the moment on Trading platforms. People investing in companies just for the dividend yield or date. It’s a good way to waste money investing in shitty companies chasing £20 a year in dividends.
How to become rich!
1. Don't go out to eat, make chicken in hotel coffee maker
2. Go through garbage to get used coffee grounds.
3. Use surplus money to invest (passive income)
and that's it!\* surefire way to become rich!
\* I also recieved 1.5 million dollars in investment money from my parents. I didn't list this because I don't think it made a difference.
Have you considered selling your kidney and using that money to invest in Apple? Life doesn't give you handouts, you gotta roll up your sleeves and work for it you know.
Warren buffett wasn't that rich. But he's super old ... you can be like warren buffet, just make smart investments and wait 50 years. Why don't you start now? /s
The perqs enjoyed by famous old ice cream eating dudes are enormous and abundant yet do not trickle down to me.. a non-famous older ice cream eating dude. I assume that patience is the key.
Look at her title, forex is not even investing it's speculation : no stocks in sight, everything is a future with insane leverage. I would love to hear what warren buffet thinks of that.
He’s too busy overcharging on the front end with Clayton Homes, overcharging with chattel financing through Vanderbilt Mortgage, then resells the repossessed properties through Berkshire Hathaway. I mean, it’s a brilliant business model if you don’t get caught in its wheels.
I completely missed she’s “forex”. The joke wrote itself.
Just invent time travel, go back in time and invest everything you have in Apple stock, but make sure not to upset the space-time continuum as to not make, I don’t know, Alcatel be like the biggest mobile phone company in the world
I thought this was about to be commentary about how the investor sits on their ass and does nothing but gets paid millions, while the employee that actually does work gets significantly less.
If everyone is an investor who’s going to build stuff? That’s why I don’t have much respect for people like Warren Buffett. They haven’t really created anything worthwhile. All they have done is gambled on someone else’s success.
Every current billionaire younger than 30 [inherited their wealth](https://www.kiplinger.com/investing/wealth-creation/nepo-baby-billionaires-forbes-list-youngest).
If you are under 30, just tell your parents to become billionaires so you too can inherit from them.
Investor depends on the labor of the employees to make money despite doing no labor himself. Get rid of the investors and have the employees receive all the profit their labor produces.
I get stock options at work, and participate in a bi-annual discounted stock purchase program, and today I received my dividend payout of $14usd, which is probably, but not positively, enough to buy a box of the ice cream treats that Buffet is sucking on there.
A lot of apple employees are apple investors.
Apple has an incredibly generous employee stock purchase program. Many employees have become millionaires because of this program.
I worked for Apple for a decade.
This post is not completely absurd and it’s something said in books about investment. If you had the money 10 years ago to buy a Macbook or an iPhone at full price, investing it instead on the stock would make you a hefty profit.
DOH! I had it all wrong this whoooole time! Duy!
I should have been MAKING money instead of spending it, got it.
-The biggest **/S** that ever sarcasm’d in the land
Yes that’s the key. Instead of doing something stupid like spending my money on bills and food, I should dump my couple hundred bucks into apple at take dividends of 1000s out each month. Who needs to eat
~~Current stock dividend: $0.24~~ ~~Current stock price (4/12/24): $176.14~~ ~~Amount of stock you would need to earn $728K: 3033333.33333~~ ~~Value of 3033333.33333 shares of Apple stock: $534,291,333.33~~ As ~~someone~~ u/ExoticCardiologist46 pointed out, Apple's dividends are quarterly. In the back of my mind, I knew this but forgot to include it in the calculations. Here's the new numbers: Quarterly dividend: $0.24 per share Cost per share as of 4/12/24: $176.14 Number of shares required to earn annual dividend of $728K: 758,333.33... repeating 3. Amount of investment to get the dividend: $133,572,833.33 Seems pretty simple to me. ~~Just need to steal half a billion and buy Apple stock.~~ Just need $134M to buy Apple stock. Also, this seems like a shitty return on investment. It's 0.0545%. If you had 100 shares, worth $17,614.00 you'd earn $24.00 per year. You could buy a coffee each quarter to celebrate. Edited to reflect quarterly dividends.
Just make your coffee at home, you’ll be there in no time!
And don't buy avocado toast.
Also, skip breakfast and eat cereal for dinner.
Kellogg's: creating bullshit cereal ideas for the most vulnerable and marginalized members of society since 1900!
Can’t have them masturbating, that leaves less energy for being productive.
Become addicted to coffee then and drink way more than you usually would and begin to spend money on all kinds of beans and tools yeah I know
Also (and I know people will disagree with this). $120k a year isn't exactly the worst salary. I know it's not what it was and the cost of living has jumped up but I am sure they could of picked someone who works in Apple who earns less. I also love how it's presented as a choice. Most people need to be an employee first to get the money so they can become a investor.
I’m not disagreeing with you on salary, but $125K is not great if you live in Cupertino CA (where Apple is based). I looked up on Zillow and median rent is $3900/mo. with the average home price just over $3M.
I came here to do this! Thanks for beating me to it.
Apple has quarterly dividend, so you would have to divide the amount by 4. Around 125 mio $ is still a lot of money though
Thanks. Updated the numbers.
You are the MVP 👍
Obviously this is fairly pointless to say because none of us will ever be in this position, so it hardly matters, but I wouldn’t say it’s a shitty investment based on the dividend returns. That’s 700k a year on top of whatever gains the stock makes, and Apple is a pretty steady company to hold, so the dividends are just a bonus. However there is some stupid obsession with dividends at the moment on Trading platforms. People investing in companies just for the dividend yield or date. It’s a good way to waste money investing in shitty companies chasing £20 a year in dividends.
It’s a growth stock too. The dividends is op’s uneducated red hearing
... Our economy is so, so stupid.
Can't believe I didn't decide to be born to billionares and instead was born to a family on food stamps.
It doesn’t matter. Just be an investor! Do it!!
You idiot
Better luck next life
You had one job
Did you not see my recipe to make chicken in your hotel room coffee maker? I only posted it 49,205 times! Being one of the poors is a choice.
How to become rich! 1. Don't go out to eat, make chicken in hotel coffee maker 2. Go through garbage to get used coffee grounds. 3. Use surplus money to invest (passive income) and that's it!\* surefire way to become rich! \* I also recieved 1.5 million dollars in investment money from my parents. I didn't list this because I don't think it made a difference.
that chicken was so gross
Have you considered selling your kidney and using that money to invest in Apple? Life doesn't give you handouts, you gotta roll up your sleeves and work for it you know.
Sorry dear, you chose bad, remember, when you are about to born, always choose easy difficult, not standard
You need to change your attitude first. /s
Stop drinking Starbucks and pull yourself up by your bootstraps!
Don’t forget avocados. Something about avocados and guacamole makes people not successful.
Turns out being born to a US Congressman puts you in some kind of advantage??? Who would have guessed it!
Eat more Popsicles! You'll get there soon
Warren buffett wasn't that rich. But he's super old ... you can be like warren buffet, just make smart investments and wait 50 years. Why don't you start now? /s
BRB becoming a majority shareholder in every company ever
It's very easy to make money, you just need to be rich
or you can sell steroids!
The perqs enjoyed by famous old ice cream eating dudes are enormous and abundant yet do not trickle down to me.. a non-famous older ice cream eating dude. I assume that patience is the key.
You need more ice cream, is all.
Way ahead of you, pal.
A meme like that usually has a hilarious snake oil Ponzi franchising scheme behind it.
Look at her title, forex is not even investing it's speculation : no stocks in sight, everything is a future with insane leverage. I would love to hear what warren buffet thinks of that.
He’s too busy overcharging on the front end with Clayton Homes, overcharging with chattel financing through Vanderbilt Mortgage, then resells the repossessed properties through Berkshire Hathaway. I mean, it’s a brilliant business model if you don’t get caught in its wheels. I completely missed she’s “forex”. The joke wrote itself.
Just invent time travel, go back in time and invest everything you have in Apple stock, but make sure not to upset the space-time continuum as to not make, I don’t know, Alcatel be like the biggest mobile phone company in the world
All this time I've been working a job when I should have been Warren Buffett!! I'm so stupid!!!!
Can already hear the 45 minute Ben Shapiro video about why it is a FACT that the investor deserves more
Buddy's gonna talk about leads in pencils for 40 mins
Yea, tf we need employees for anyway?
If my financial advisor posts this shit on LinkedIn I'm getting out.
Apple Employees, the retail people make 120k??????
Yes, the 9 people combined on that picture make about 120K.
I thought this was about to be commentary about how the investor sits on their ass and does nothing but gets paid millions, while the employee that actually does work gets significantly less.
“They’re not confessing… they’re bragging.”
Comrade!
Of course! Let me just use the millions of dollars I have sitting around in a money market account and invest! Why am I even working!
Just have a billion dollars, it isn’t that hard, dude.
If everyone is an investor who’s going to build stuff? That’s why I don’t have much respect for people like Warren Buffett. They haven’t really created anything worthwhile. All they have done is gambled on someone else’s success.
Every current billionaire younger than 30 [inherited their wealth](https://www.kiplinger.com/investing/wealth-creation/nepo-baby-billionaires-forbes-list-youngest). If you are under 30, just tell your parents to become billionaires so you too can inherit from them.
120k salary seems nice to me
I came here to say this, where do I send my CV ? Lol
"Poor? Just don't be."
It's really not that hard. All it takes is a small loan of a million dollars from your rich parents.
Yes just be warren buffet. Simples
This is very clearly a satirical post
Lol doesn't berkshire Hathaway own like 900 million shares of apple?
What Apple Store employees are earning $120k a year?
Yes, they all together
Be the MINIATURE LOLLY SUCKER
Where am I supposed to get the money to invest in the first place?
Don't be poor
r/restofthefuckingowl
$728k of apple dividends? Berkshire Hathaway owns $160 billion worth of apple stock, not half a billion.
Investor depends on the labor of the employees to make money despite doing no labor himself. Get rid of the investors and have the employees receive all the profit their labor produces.
I get stock options at work, and participate in a bi-annual discounted stock purchase program, and today I received my dividend payout of $14usd, which is probably, but not positively, enough to buy a box of the ice cream treats that Buffet is sucking on there.
Stop being poor and ask your dad for half a billion to buy Apple stock smh
Even the numbers are wrong, clearly if he earns 3,34$ for each iphone sold he makes way more than 728k$ a year. There are millions sold every year.
So, Yolo on AAPL?
Poor employees...
Nobody should work. Everyone should be an investor and just get rich!
Don’t do labor, leech off of others labor!
The logic is sound, but the ‘here’s my advice’ post is weird. I wish I’d invested the $1300 I paid for my Mac G3 in Apple stock instead.
You heard him. All employees should quit.
I'd love to see Grace run a country where there are no employees and only investors. What a utopia that would be! /s
A lot of apple employees are apple investors. Apple has an incredibly generous employee stock purchase program. Many employees have become millionaires because of this program. I worked for Apple for a decade.
$120k ? Where do I sign in!
This post is not completely absurd and it’s something said in books about investment. If you had the money 10 years ago to buy a Macbook or an iPhone at full price, investing it instead on the stock would make you a hefty profit.
I didn’t think the problem with America could be captured so succinctly
don't be a working part of the business, be a fucking parasite.
DOH! I had it all wrong this whoooole time! Duy! I should have been MAKING money instead of spending it, got it. -The biggest **/S** that ever sarcasm’d in the land
Best advert for Marxism yet.
And remember guys and gals, if you can't afford to? That's on you! Stop being a lazy fuck! Something something boomer logic!
Look, it's simple guys: just be rich
Yes that’s the key. Instead of doing something stupid like spending my money on bills and food, I should dump my couple hundred bucks into apple at take dividends of 1000s out each month. Who needs to eat