In today’s edition of Rob Black’s Winners and Losers, our financial expert and KRON4’s Darya Folsom discuss Apple, the Kentucky Derby, and how hard it is for new parents to save for their children’s college education. 

Rob also answers the viewer question, “How can I invest in penny stocks?”

Winner:  Apple opens at record high as Buffett doubles down on praise for the company  . ..  Shares surpassed $185. Apple’s previous all-time intraday high came on Friday when the stock hit $184.25.   Warren Buffett last week revealed his investment firm Berkshire Hathaway bought 75 million shares — or at least $11 billion worth — in the iPhone maker.  Buffett told CNBC Monday he loves the stock so much, he’d own “100 percent of it” if he could. Berkshire is now the third largest holder of Apple, behind Vanguard and BlackRock.

Loser:  New parents: This is how much you need to save to cover college bills in 2036 . . .If you think college is expensive now, this is what it will cost in 18 years.   The numbers can be intimidating but can help you prepare.In 2036, 18 years from now, four years at a private university will be around $303,000, up from $167,000 today.  To get a degree at a public university you’ll need about $184,000 in 2036, compared with $101,000 now.
 
Winner:  Forget the Kentucky Derby, the real money is made from being a stud . . . .It’s Triple Crown season, when the Belmont Stakes, the Preakness and the most prestigious of all, the Kentucky Derby, take the spotlight. Owners’ wallets get fat and the horses become media darlings for a while.    Horse breeding is a huge business — $39 billion and growing.   In a stallion’s first years at stud, the fee starts on the lower end. It typically takes about five years to prove he can produce top class runners and consistent winners.

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