Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Doug B. who wrote (24193)	2/6/2000 11:27:00 AM
From: Papillon	Respond to of 25960

"...she has one of the greatest "long-term-hold-stories" that has ever been told, whereas I've daytraded a few stocks into deep doo-doo." "Do tell. What was it?" Thanks for asking. This isn't a story about getting rich, but it is a great long-term story. Thirty years ago, when my wife was 16, in Rogue River, Oregon, she was given $100. for earning good grades. She went down to the new Valley of the Rogue Bank, which was nothing more than a single "mobile home," sitting on cinder blocks, and bought 10 shares @ 10. each. She never purchased another share in what is now VRBA, a major regional bank, but she now has over 1800 shares (having given hundreds of shares away over the years to nieces and newphews and Mom). Also, this is one of those kind of stocks for granny's retirement that pays a relatively large dividend each year (in stock and cash, usually). The stock has not appreciated in price (currently at a low six bucks or so), but remember, 10 shares have become about 2600 and she has received several thousand dollars in dividends over the years. Every Christmas we give nieces and newphews 10 shares each, hoping they will get the idea. That's it. Best, Papillon