Machine Ghost said this a year ago, on another Apple-related topic.MachineGhost wrote: I can't wait until its time to short Apple....
MG
Maybe someone shorted it in their VP before the beginning of this year.
As I write this, Apple is down about 8% in after-hours trading today, after closing down today almost 30% since its 52 week high of $705.07. All that, despite the fact that there are record sales of iPhones.
While Apple is part of Total Stock Market and S&P 500 ETFs and index funds--meaning the stock is part of everyone's portfolio that's invested in the HBPP--it's a small enough piece of those funds that crashing won't hurt the overall portfolio. In fact, those portfolios have been up today, and have shown strong gains since the year began.
Imagine being overweight AAPL, or any other individual stock that's crashing, in a 60/40 portfolio that's not divided into a non-correlated PP and VP. The Apple ride felt great on the way up, but like a roller coaster, what goes up must come down (hopefully not all the way down).