Jim Cramer Says Long-Term Apple Holders Are Winners

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently talked about. During the episode, Cramer emphasized owning and not trading the stock, as he commented:

“How much better would an individual have done if she just decided that Apple was a terrific company? So she owned the stock and didn’t flit in and out of it because flitting is too difficult. Sure, Edison Lee can do it, but then again, he’s never had a Buy rating on the stock during this whole period. So if you listen to him, maybe you never even owned Apple in the first place. I think that if you agree with me about owning it, not trading it, you will enjoy, by the way, How to Make Money in Any Market because I spent a tremendous amount of time really criticizing trading as a tactic… It’s much better to find the stocks of companies you love, and if they go down, you buy more of them, which would’ve been the best strategy after all for owning Apple. In my book, I praise sticking with… individual stocks like Apple because they can deliver big wins, life-changing wins, but only if you let the gains compound year after year. You shouldn’t touch the stock unless something goes severely wrong. That’s the way to go. If you still have the itch to trade… be my guest. Just know that it’s usually a loser’s game unless you’re doing it as a full-time job or you can hire lots of traders to do it for you.”

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Apple Inc. (NASDAQ:AAPL) designs, manufactures, and sells smartphones, computers, tablets, and wearables under its iPhone, Mac, iPad, and Apple Watch brands, along with accessories and digital services.

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Disclosure: None. This article is originally published at Insider Monkey.