Buy and hold

TangoWhiskey

Touchdown! Greaser!
Joined
Feb 23, 2005
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Midlothian, TX
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Display name:
3Green
http://www.topix.net/content/kri/3115560838208270212519929172283393880775

Spent $315 for 15 shares in 1950. Never sold. Company became known as Safeco Insurance. Stock has had 9 splits. She won't say how much it's worth now, but 1 share then is worth more than 1000 now thanks to the splits, and Safeco stock closed at $64.21 on Wednesday, so it's worth over $950,000 now, likely over $1M since that doesn't include re-invested dividends.

She's passing it on to her daughter and two grandkids, intact. I need a gramma like that! :)
 
A 14% return compounded over 56 years will get you something. What a great American story, and a great example of why individual retirement accounts are a good thing.

Let's hope they get good tax advice, lest Uncle Sugar takes 50%.

James Dean
 
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