Topic: Apple shares (Read 2128 times)

Incidentally, a new exchange is offering options (including $AAPL).  There are not CALL or PUT options listed yet, and it is ..., yet another exchange operated anonymously, so remain aware of the risks of that.

 - https://bitcoinopx.com/trade

Turning into?

1099s have been around for quite a while.

Just read up on 1099. It's really sad how the US is turning into Europe when it comes to regulation and controls. Worse, in some cases. Not sure how this applies to me as a foreigner - I'll have to ask the broker.

You should just structure this as a bond that uses the Apple stock as collateral.  For the coupon payments, just set them up as the dividends that apple pays to you in the form of USD.

I would suggest not holding only one security though, do a basket.

Heh, ... so you'll be getting the 1099 for the dividends (and for the proceeds for when you sell the AAPL shares also)?

100 shares is just if you want to trade in the glbse asset for the AAPL shares themselves, or the dollar equivalent from me selling them.
As some here have pointed out, by changing to interactive broker I might be able to handle smaller lots (but there'll be more overhead).
And I wouldn't offer them for 100 btc a piece - I'd like to offer at much lower prices so smaller players can participate. So there would be X glbse shares corresponding to 1 AAPL share. Thus you could get on board for a bitcoin or less.
I don't have any other shares currently, but I know of others who are interested and doing similar offerings with other shares, if we can find a working model here.

As for how to do the pricing - it depends on how much interest there is. I'm thinking offering this in portions, so that when I offer N shares they'd all be bought at the same price, and after that the market would be pricing them (using bots, or simply taking a longer perspective - I've held these shares for a long time and haven't cared about price fluctuations, or the USD vs my native currency. Still it's worked out extremely well so far)

Regarding dividends - of course they're going to be puny compared to what's the trend on GLBSE these days. People never bought AAPL for dividend anyway. I just mentioned them because of course, if I sell the stock on GLBSE, the asset holders are the ones entitled to the dividends.  Also, just because I'm offering them now, I might still trade in them later on - I'd just rather trade in bitcoin than usd.

Generally I really like the idea, the 100 AAPL shares limit is of course a bit tough (trusting you with ~a good motorcycle worth of BTC is a lot), maybe you can work on that somehow.

Also as mentioned you'll need a fast bot that pulls prices from wherever AAPL is denominated + MtGox and prices your shares accordingly.
Maybe you could offer different stocks (that pay out dividends more regularly than Apple) or bonds/options as well? Also some that don't cost ~100 BTC a piece would be nice...

Yep, since you're quoting in BTC, if BTC moves hard (even more likely) you'll be in the same boat.

This +1. You're essentially risking against fluctuations of both BTC/USD and AAPL prices.

I wouldn't try this without a bot to maintain your spread close to the actual price.  If AAPL moves hard and you're slow to respond you will lose out.  If this happens enough times you'll end up with half as many bitcoins as if you had just sold for USD and bought BTC.

Thing is, I really want to get off the stock market and into bitcoin, which was why I suggested this in the first place. And I thought it'd be interesting to see how a stock like AAPL, which obviously has ups-and-downs would trade on glbse, where people can much smaller trades. I'm wondering what it'd look like - obviously GLBSE has a small volume, and traders who follow the stock closely could probably profit from the "lag" and do quick trades. So could ppl who are long AAPL (if they do well, of course). Maybe the lack of / difficulty of short selling is a problem here?

+1 for IB, they offer the best margin rates too, but for this guy it's probably way overkill.

First of all, please allow me to say:

FUCK APPLE

that is all. Please continue.

Thanks, I'll check it out!

I'ld find a new broker if that was a restriction placed on me.

Interactive brokers. I am European and have an account with them as well. Easy and low fees per purchase. It's just the inactivity fee of $10 ($2 if you are <26 years) a month that's a pain but if you allow them to lend your shares out to short sellers (with collateral) this rakes in some money which can counter the fee.

What is so far fetched about trading stocks, on a stock exchange?

Sounds kind of ABS / CBOish  ... do we really need that already?

I'm not American, and thus can't use Sharebuilder afaik. I'm not really a stock trader - I just put some savings in AAPL when they announced the ipod. At the time I was told I could only do lot trades (maybe because of proxy)

This would put GLBSE itself under what regulation? Do they comply?
Anyway, I'm European and live in Asia, so I don't necessarily care about US rules. But if it is a problem for the investors, maybe I should drop it.

Well, I reckoned it'd be one more thing one could buy with bitcoins. Not everyone wants to buy steam codes and diablo items.

Currently from what has been announced, Apple will be paying about $10 a year for each $580 dollar share (at current approximate market prices).That's a 1.7% return, yearly.

Not a good dividend.

On a side note, a share of AAPL is only $580. Even small investors aren't going to open accounts with less than that unless they are trying to lose money/don't know what they are doing.