In March 2009, when the stock market was in the pits, I bought some Apple stock. At the time it was priced around $100 and I bought 25 or so shares (a $3000 investment). Well that Apple stock did tremendously well, in fact many stocks purchased in 2009 did were winners, because the market has, overall, gone up.
As an aside, we only buy individual stocks in our IRAs, so that is $5,000 for each of us per year in stock purchases (now $5,500).
If you follow the market or new regarding the market, you probably know that Apple has been down from a high of $700 per share down to a low of $437. I did some research and, since I just funded my 2012 IRA, I decided to buy more Apple stock. Whether or not that was the right decision is not the point of this post. So I picked a limit order price of $428 earlier this week and put in an order for a few more shares. But, instead today I decided I couldn't hold out anymore and switched my limit order to a market order (meaning I was going to buy at whatever the market price was that day) and purchased my shares today at $451 per share.
This is not the first time I've switched a limit order to a market order and I need to figure out why I can't wait to see if the stock price comes down to my limit order price. So, I'm posting this to remind myself to watch the Apple price and see if it comes down to my original limit order price or not.