Being smart with $$ - You probably own Apple

Apple astounds again with its earnings announcement.  The stock is up over $8 as I type.  Are you kicking yourself for not buying it? Well, if you own an S&P 500 index fund in your IRA, you DO own Apple.  For every $100k of the S&P 500 index in your IRA or 401(k), you own about 30 shares of Apple.  That's because Apple is about 3.5% of the index.  Congratulations on being so smart and buying Apple!
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com