4 Reasons Why I Bought Apple Inc. (AAPL)

4. Currency
There’s a game of competitive devaluation going on in the world. My hunch is that this is one game the U.K. will win, with its faltering not-really austerity economic policies, are-we-in-are-we-out-the-EU politics, and a more inflation-tolerant Bank of England Governor. At least, if the global economy turns sour, the dollar will regain/retain its safe-haven status. So I’m happy to hold dollar-based investments, and sneakily think that might just boost my returns this year.

Growth
To my mind, it’s premature to write off Apple as a stock that has gone ex-growth and treat it as an income share, which is what its current valuation implies. But its prodigious cash flow and dormant cash mountain could sustain increases in its modest dividend payout (around 2.5%) for some years, providing downside protection to the share price.

Innovation made it an all-time great growth stock, with the share price increasing by over 200 times from $3.28 to $700 from 2003 to 2012. That sort of growth can make you seriously rich. Apple Inc. (NASDAQ:AAPL) won’t repeat that experience, but I don’t think the story is over yet.

The article 4 Reasons Why I Bought Apple originally appeared on Fool.com.

Tony Reading owns shares of Apple. The Motley Fool recommends Apple and Burberry Group. The Motley Fool owns shares of Apple.

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