Hopefully this news is not too late. For those who are interested, it’s better late than never.
Apple and Tesla in the News
Apple and Tesla split their stocks 4:1 and 5:1 respectively. Apple announced its split last week; while Tesla’s was announced about two weeks prior. Tesla’s split occurred yesterday and Apple‘s happened today. The stock prices before the split were $500 for Apple and a whooping $2,000 for Tesla!
What is a stock split?
“Companies often split shares of their stock to try to make them more affordable to individual investors. Unlike an issuance of new shares, a stock split does not dilute the ownership interests of existing shareholders. When a company declares a stock split, its share price will decrease, but a shareholder’s total market value will remain the same. For example, if you own 100 shares of a company that trades at $100 per share and the company declares a two for one stock split, you will own a total of 200 shares at $50 per share immediately after the split.”
With the stock split, it is a great time to buy these two stocks as, undoubtedly, the stock prices will rise again. In fact, news already have it that they are already on the rise.
Number One Rule
The number one rule for investment/finance is:
- buy when prices are low
- sell when prices rise/high.
If interested in buying the Apple and/or Tesla stocks, or any stock, now is a good time. There are lots of financial boutiques that can help. You can also set up accounts, buy and sell yourself without being a trader. The processes have actually been simplified that you can do it all online using one of the investment apps below.
Here are the best investment apps in August:
• Acorns – Best for worry-free savings
• Robinhood – Best for fee-free trading
• Wealthbase – Best for social experience
• Betterment – Best for low cost
• Stockpile – Best for gifting stocks
• Invstr – Best for learning about investing
Here’s to a joyful investing for those who take advantage of the stock split. 😊