Time – and the S&P 500 – prove that the only constant is change
Recently I was visiting with a client and she brought out a stock certificate that has been sitting in her bank safety deposit box. The stock: Nokia. Share count: 3. We chuckled for a moment, given that the transaction fee to sell the shares was going to cost nearly as much as the shares were worth. We almost transitioned to another more important topic, only to be remiss about the important lesson to be learned here. Like your cargo shorts and bell bottom pants, stocks go out of style. Sounds surprising to hear from an investment firm doesn’t it?
You don’t have to go far back in history to remember the video game Snake on everyone’s hand-held devices. Only the late ‘90s and early 2000’s is when Nokia and Blackberry were the devices in demand, in-style. Today, these devices are antiques when compared to the iPhone & Galaxy provided by Apple & Samsung, respectively. Oh, and by the way, here are Nokia’s & Blackberry’s monthly price stock charts: