Daily Fluff: Dog cashes in Apple stock from 1989
A golden retriever named Dillinger has sold 100 shares of Apple, Inc. that his father purchased in 1989. The total value? $101,589.
“Apple is frequently in the running as the most valuable company in the world,” says Harry Coors, a tech biz analyst with The Wall Street Journal. “Anyone who has held on to stock from the early days stands to make a pretty penny.”
Dillinger’s dad bought the shares for a paltry $40.25, and willed them, along with other financial assets, to Dillinger when he was just a pup.
“He was pretty savvy when it came to investing in hot young companies,” says Marcy Grey, a friend of the family. “He stuck with Apple through the good times and the lean times. What a pay day for D.”
Sources close to the dog say he plans to take a little vacation and invest the rest of the money in real estate.
Via Graham Etches.