No. of Recommendations: 30
As a 69 year old who lost parent by mid teens and inherited a little...
What Jim just wrote is correct. At my age? Here's the theme:
In 1973 the newspaper was sold, dad owned 20% of it and I was one of four, that's 5%. So time passes and the other owners/sellers of the newspaper went to fixed income to make it through life as is the proper method according to...well, you know it is the common path of older age.
None of their chidren and grandchildren have anything and when I write that I mean they are house-debt-free but that's basically it. Those of us who stayed in business/equities? I have a few 100 baggers and I am not, read NOT, a great investor.
I have dividends in a few stocks that exceed what I inherited (from the total of those stocks).
And I write this because we do come here for long term investing, at least a few of us do. Not everyone "trims" Google when it goes up 10-15% from where it was an incredible bargain and one of the best businesses in the world.
