Viewing a response to: @thefinanceguy/how-a-98-year-old-man-grew-a-thousand-dollars-to-over-two-million-dollars-on-a-single-stock
>With two million dollars worth of shares at a current dividend yield of almost 2%, this means Gremel was receiving $40,000 a year in dividends, which is forty times more than his original investment! You are spot on - what a great example of snowball investment! I found it amusing that Gremel did not have a wife or kids. You could look at it from the view that he didn't have anywhere for his money to go. But, he was also a single guy who didn't spend it on stupid things. I wonder if we'll see as many stories like this in the coming generations.
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| category | money | ||||||
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I wouldn't expect to see many examples like this in the future. Financial illiteracy seems to be getting worse with each generation. We'll see. Thanks for checking out the article!
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Depends on where you look. I've seen some good and bad in the younger generations. We'll have to wait and see as you say. Love reading your work!
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