It’s been a heck of a ride for Apple investors. The stock, which has nearly doubled so far this year, will likely bounce after its latest quarterly earnings report. Over the past five years the stock has gained an average of 56% a year, an extraordinary achievement.

But if you are investor in this stock, brace yourself for a dose of reality. The shares’ best days are surely behind them. Future returns will be much more modest — and the risks will be greater. Lasīt tālāk