At some point soon I'll lock in on some more safe stocks, but this has been a lot more fun than getting my quarterly statements.
buy and hold. boring, but successful.
Get ready to add yet another secret millionaire to your case study files. Ronald Read passed away last June at 92 years old. The Brattleboro, Vermont man, who had no college education and drove a Toyota Yaris, always made a point of living below his means. He spent many years working as a gas station attendant and the rest of his career a janitor for his local J.C. Penney department store.
Read was a near perfect archetype of the academic research done by men like the late Dr. Thomas J. Stanley at the University of Georgia and Wharton professor, Dr. Jeremy J. Siegel. Like the super-majority of Americans who are in the top 1% of wealth, Ronald was stealthy about it, keeping his money a secret from even his own children and friends. They knew he enjoyed investing but were reportedly shocked to discover upon his death that he had a safe deposit box with a stack of stock certificates five inches thick.