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Route to an $8 Million Portfolio Started With Frugal Living
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Years of frugal living and careful patient investing helped Ronald Read of Brattleboro, Vermont, achieve significant savings accumulation. He worked at a local J.C. Penneys store and at his brother's gas station. At the time he passed away in 2015 he had $8 million in his stock portfolio. He preferred dividend paying stocks and reinvested the dividends in more shares. His largest holdings were in Wells Fargo bank, and in consumer stocks P&G and Colgate Palmolive. He owned 92 stocks in his portfolio.
Stories of patient building of stock portfolios- Ronald Read of Brattleboro, Vermont, U.S.
03/22/2015
Read who worked at a J.C. Penneys Store and at a gas station owned by his brother lived frugally and invested in dividend paying stocks, always reinvesting the dividends. Decades of patient investing led to a significant savings accumulation. At the time he passed away in 2015 at the age of 92, he had a portfolio worth $8 million. His largest holdings were in Wells Fargo bank, P&G and Colgte Palmolive as consumer stocks, and J&J. He owned about 95 different stocks. Wells Fargo Advisors in his home town helped him with his portfolio.
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