Two days ago, Apple (AAPL) stock lost 6% of it’s value. As a loyal Apple stockholder, I have learned not to put too much weight in peoples perceptions. Apple has taken hits over the years but has always bounced back. I’ve been tempted to sell many times but I kept riding my gut feeling. This time I was nervous.
If you haven’t slept through the last few months, you most likely know that Apple released the iPhone which from everything I’ve read, has pretty much lived up to the hype. The problem is that AT&T, who is the only cellphone carrier for the iPhone, reported small activation numbers. The market panicked and the stock went down. With all of the experts being disappointed in the activation figures, shouldn’t I be worried also? Should I sell off my Apple stock?
Patience is something that is hard to practice – especially when it comes to things we consider important – but necessary if we want to be successful. Patience makes sure you have more information before making decisions. Patience makes sure you don’t act out in an emotional state. Patience allow you to take a breath. Patience gives the time for the pieces to fall into place.
I am reminded that patience is one of the fruits of the spirit (Gal 5:22). Patience can also aid in persuasion (Proverbs 25:15). John Quincy Adams said, “Patience and perserverence have a magical effect before which difficulties disappear and obstacles vanish.” Patience is a difficult but, good thing to practice.
I didn’t sell. I practiced patience. As of this writing, the stock price has gained back all it lost and then some. It’s a good day!