In 2007, Dad decided that at Christmastime, he was going to open up $2k TD Ameritrade accounts for the three of us girls, that we'd have access to and input upon stock choices to learn about and appreciate the importance of long term investment.
At some point, early on, I asked him to buy 5 shares of Apple, which he did. I was interested in seeing how the next generation of Zune and iPhones being launched were going to affect the market share prices, etc.
He bought five shares around 85, as well as some other stocks, and for a few years I followed the stocks, and was very pleased as the Apple stocks doubled, then tripled in value.
At least a year ago, for some reason, the password changed on the account, and it wasn't a big deal, but I kept tracking the Apple stock, which today closed around 4 times what was paid for it.
Which would make me happy, except for the fact that about an hour ago, Dad told me that he dumped all the stocks a while ago when the market was all "bearish."
When I asked him why on God's earth he would dump the Apple, which should conceivably always appreciate in the long run - for Christ's sake, Allie has a Mac - he said he just doesn't understand the market anymore.
I'd like to know when exactly he _did_ understand the market, and am asking him to remove me from the account.
I am really fucking disappointed, to say the least. When the chips have been down, I've always at least had the warm thought of having made a very financially sound investment in the stock market.
I had been wondering lately how the whole Apple TV and Beatles iTunes discography developments, not to mention the Verizon iPad and upcoming iPhone ventures, were going to be reflected in the stock in the new year, which I guess is now just an exercise in torturous mental masturbation.
The joke was always that someday I'd probably be able to retire on Apple.
Now it's just salt in the wound.
Crushing, crushing, depressing disappointment.
Merry fucking Christmas Eve.