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To: jackrabbit who wrote (6206)4/4/2000 2:12:00 PM
From: c.hinton  Respond to of 11568
 
Dear Jackrabbit , My father lost his saving,but unlike many others kept his job.He was later chosen to form the trust dpt of the bank to manage its clients investments.It was his decision to once again invest the bank's clients money in stocks in the 1950s after 20 years of abstinence.
As for my self ,He put 50,000$ in stocks in 1957The stocks all paid around 2-3% dividends never missing a year,and had quite good growth as well.It is rather different to hold stock that pays cash dividends than stock that dose not.Money comes in even in bad times.That makes them easier to endure.These days it is hard to find stocks with dividends of more than 1.%that also have growth potential.That, however, may change.In any case by the time I was 18 I knew it would never be really nessesary to work.My time on wall st was limited to filing stock in the vaults for two summers,You would not believe how much money can be temporarily misplaced in a banks vaults.Half the time we filed certificates in account shoe boxes ,the other half we spent looking for misfiled certificates in account shoe boxes.
yours
chinton