There is a very interesting story about how one guy Russ Gremel paid $1,000 for shares in Walgreen 70 years ago. The shares are now worth $2.1M. See the story on blogger Dividend Growth Investor.
This is all very interesting, but this is not the way I would recommend to invest. He had no diversification at all. The problem is that even the best of companies can get into problems. The fact is that once solid good companies can go bankrupt.
On the other hand this certainly shows the power of compounding.
On my other blog I wrote yesterday about Liquor Stores N. A. Ltd. (TSX-LIQ, OTC-LQSIF)... learn more. Tomorrow, I will write about Power Corp of Canada (TSX-POW, OTC-PWCDF)... learn more on Wednesday, June 14, 2017 around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
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