Thursday, November 20, 2014

Financial Thought of the Day November 20, 2014: Putting a Stock on the Shelf

When buying shares of a company. Pretend that you are going to buy an ornate vase to be stuck on a mantle and forgotten about for decades. When the decades pass, you can open the vase and find gold on the inside.

Buying shares in a good publicly traded business that sits behind a wide moat and keeping it for a decade or more can do wonders for your wealth because you are not paying money in taxes and brokerage commissions.

1 comment:

Lisa Heaton said...

You need a like button on here :)