04-12-2021, 07:12 AM
(04-12-2021, 06:40 AM)NilesMike Wrote: Of course this is all benefitted by what I have learned along the way. I was self taught as my Dad was into real estate and nobody could provide any stock investing guidance.
I DID have those home runs in the 1980s but did not know how to hold onto them (impatient). My small 5K investment in KO and MCD would have become around 5M today (with 110K+ annual dividend) had I left them alone.
Summation: buy good companies at good valuations and let time be the wind at your back.
It is the best that anybody can do long term.
My Dad is embarrassed to talk about money, and every time I bring up that I'm starting to do well, he just says money is meaningless. I get the investing mojo from my Mom's side of the family.
That's quite a wow on Coca Cola and McDonald's. I have a similar story with my early investments in Apple, Netflix, Tesla and Amazon that I didn't hold on to either.