Buying Apple Stock for 52 weeks challenge

Updated: 26 October, 2021 seen 49

Hey, I have decided to launch another interesting challenge - buying Apple stock for the next 52 weeks.

My plan is simple, every Monday I will buy at least 2 Apple shares, so I have at least 100 shares with Apple stock by the end of the challenge.

I guess there is no need to introduce what company Apple is and why this stock has found its place in many investor portfolios. I love this stock because it is a growth stock, has some dividends, last but not least, we can sell options on it. 

Apple stock price as of October 22, 2021
Apple stock price as of October 22, 2021

During the last 52 weeks, Apple stock has experienced some awesome growth of about 30%.

Albeit, there is no guarantee stock will act the same in the next 52 weeks, that's why I prefer investing using the so-called dollar-cost averaging method, buying once a week for the next 52 weeks should give me some nice average buying price. 

The 39 analysts offering 12-month price forecasts for Apple Inc have a median target of 170.00, with a high estimate of 198.00 and a low estimate of 90.00. The median estimate represents a +14.51% increase from the last price of 148.46.

Apple stock forecast
Apple stock forecast

When looking on options chain, with the current strike price ($148) Apple stock has a premium of about $1.5 weekly and about $3.0 monthly

With that said, let the challenge begins. To follow up and learn more about my options trades subscribe to the newsletter.