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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Slumdog who wrote (19464)4/3/2009 5:20:04 PM
From: LTK0071 Recommendation  Read Replies (1) | Respond to of 71456
 
That's about it. But precisely is Long Term Buy and Hold, which was great for those that bought 2,000 shares of COKE in 1920--but LTBH is dead now, as it was from 1966 to 1982.

Trivia, can't remember the name of town(it is in Florida i believe) That at least some years ago had the highest percapita income of any town in the U.S.A., thanks to visionary Mayor who had a bottle of COKE in 19teens(or like that) and said WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW!!!!!!!!!!!!!!!!! the whole world will get addicted to this he exclaimed and had a town meeting and gave an evangenlical speech to the citizens that that they buy buy COKE stock and even staked some of his own money to get some people started.
So it became the town obsession, buying buying COKE stock and passing it on from generation to generation.
It was a 15minute feature on 60minutes some years back.
People had COKE telephones, Coke memorablia as house decor and they were ALL rich!!!! True Story. Max