3 Stocks Your Children Will Brag About Someday
I read my favorite Motley Fool article of all time before I ever started writing for the company. It was penned by our co-founder and Chief Rule Breaker, David Gardner. The Greatest Secret of All talks about how, at the of 25, David and his brother inherited some of their grandfather's trust. Upon learning this, they went to the investment firm that held this money and could not believe what they saw: "Stocks that were trading for $30, $40, $50 a share on that day had been held for years and years, invested at cost bases of $1.57, $2.34, $0.88."
That led David to one simple conclusion: "Find good companies and hold those positions tenaciously over time to yield multiples upon multiples of your original investment."
"You'll never guess what my mom paid for an Amazon share!" Image source: Getty Images
Source: Fool.com