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Griffin Speaks GET RICH BUYING STOCKS
Anyone can get rich buying small-cap stocks if they are willing to invest long term. I am sure you all have heard people say that they wish they had invested in IBM or Wal-Mart years ago. If you had invested in Wal-Mart just 20 years ago you would be a millionaire many times over. Some investors are able to spot the winners in their early stages. However not everyone has that gift. Just think 20 years ago Microsoft had an adjusted price of $0.12 per share. This is the deal: All you have to do is invest your money in a large, diversified portfolio that charges low fees and let it sit. Buy and never sell. Your money will compound and you will become rich. The companies that will deliver the most for your investment are more than likely very small today. Take a few moments and do a little research and invest a few dollars in the stock market. I suggest you purchase 10 stocks and never sell them. You will become a millionaire. Put this in your pipe and smoke it: Wal-Mart stock has increased in value 53000 times since its IPO in 1970. This means that every $10,000 invested has turned into $57,000,000. An investment in Dell Computers in 1990 would have netted you a return today of $4.4 million. I just wonder how much an investment in Dr. Melvin J. Griffin Sr.’s future North Carolina Style Barbeque restaurant located behind the Church’s Chicken on Fairview Avenue in Montgomery, Alabama will be worth in 20 years. It’s probably a small-cap stock that could make you rich. In the words of my dad, “If these gas prices get any higher I am going to buy me a horse!” Greg Griffin is a free lance writer. You can read his previous articles by visiting his web page at www.greggriffin.com or write to him at P.O. Box 250194 Montgomery, Alabama 36125-0194. |
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