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142 dollars a share.
That's what apple closed at today and I know we think it.
I can hear you here and right here in New York you're kicking yourself because you didn't buy apple 200 bucks ago right.
The company shares topping 500 billion dollars today in market value.
It's now the only company about the half trillion mark and only the six in history to ever grow so big.
The stock has gone up around 240 dollars in the year so if you aren't one of the lucky -- to get in on the ground floor of this mega company.
You think you're missing out and then an amazing investment -- well here's the thing -- probably RD own apple and you don't even know what.
Over the last five years the number of apple holding mutual funds has tripled.
According to Morningstar there are nearly 4200 mutual funds holding Apple Stock and put that in perspective.
The number amounts to 30% of the entire universe of mutual funds.
And guess what it gets better the number of funds that have more than 5% of their portfolio invested in apple.
Is seven times greater now and more than 100 mutual funds have invested more than 10% of their assets and apple.
He's 4200 mutual funds aren't unheard of secret funds.
They include big names some of the most widely held funds include Fidelity Contra fund the Janice fund.
Oppenheim her main street and many many more.
So -- investing in the NASDAQ index as a whole.
You have apple to thank for your profits.
The -- stock accounts for nearly a quarter of that index more than Qualcomm Google Microsoft Oracle Amazon and Cisco combined.
The reason for the stock -- apple is now the world's most valuable company.
The gap between it and number two ExxonMobil.
Has widen rapidly in the past month alone.
Annapolis raise investors' hopes it might institute a dividend which would be -- great thing right.
And it's pretty it's in rare company.
Microsoft Cisco Intel and GE had ever reach that 500 billion dollar milestone but none of them -- very long.
That means its market cap is greater than listen to this is -- crazy the entire economy it's.
Of Poland or Belgian.
Sweden Saudi Arabia.
In fact if apple with a country it will be the twentieth largest country in the entire world.
Look when you hear about apple rising don't think it's because.
Don't think it doesn't impact you because you're not a shareholder you don't have an iPad.
Because chances are you hold mutual fund that holds apple shares in fact you may own multiple mutual funds all of which you're investing in apple.
Which means instead of owning too little of this rock star company.
You may actually hold too much.
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