‘My first love’

Woman who bought startup company’s stock for 39 cents a share back in 1985 says she’s made a 50,000% return

Donna Fenn (Twitter/Reuters)

In the wake of news that Apple had become world’s first trillion-dollar public company, Reuters spoke with some of the early investors in the tech giant — including a New York woman who said she bought her first Apple stock in 1985, back when “nobody had a computer.” Donna Fenn, a 59-year-old Pelham, New York, resident, said that naturally she had “loved watching [Apple stock] go up and up and up” to the tune of a 50,000 percent increase from when she first bought her shares at 39 cents apiece by using the proceeds of a small cash settlement from a car insurance company.

“It’s not that it makes me feel rich. It makes me feel, well jeez, I wonder if I could be one of those 85-year-old ladies who says, ‘I bought Apple stock when I was 25 years old and I still have it and now I can put my grandchildren through college,” she mused, laughing at the thought. But at times, she admitted, she had her doubts about the stock — most notably after the death of Apple co-founder Steve Jobs in 2011.

“When Steve Jobs died I was worried. I thought, ‘Oh boy, maybe this is the end of an era,’” Fenn recalled. “But then you hear all the time, ‘It’s not a growth stock anymore,’ and yet it continues to grow. I think Tim Cook has done a great job of continuing Steve Jobs’ legacy.”

Fenn, who says she’s the kind of “Apple fangirl who waits until the new product comes out and then buys the previous version at a discounted price,” plans on keeping at least some Apple stock for the rest of her life.

“It’s like my first love,” she said. “How can I let it go?”

Watch her interview with Reuters below.

Read the full story at Reuters.


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