I love reading stories about everyday people, who were able to accumulate wealth with long-term dividend investing . These stories reiterate how to achieve success with investing: Today’s story is from one my favorite books on dividend investing. The book is The Ultimate Dividend Playbook: Income, Insight and Independence for Today’s Investor , and it was written by Josh Peters, who was the editor of Morningstar Dividend Investor.
The story covers Marjorie Bradt, an everyday investor who was gifted some old AT&T stock between 1955 – 1962 from her father. The stock was worth $6,626 then, which was not a small amount of course. But she did not sell it.
She signed up for the company’s dividend reinvestment plan, and then held on to any spin-offs in the process. By 1999, that investment had blossomed into 10 companies, worth more than $1 Million total..
You can read the part about Marjorie Bradt from the book below: A Role Model Dividend investors have few heroes, at least as far as you can discover by browsing the bookshelves at Barnes & Noble or reviewing a year’s worth of cover stories in Fortune or Business Week. Indeed, dividends may be the most misunderstood aspect of investing in stocks, to the extent people bother to understand dividends at all. Most professionals are indifferent to dividends, and a surprisingly large minority are downright hostile.
Even the fans of dividends you might see on TV or read about in a magazine are usually on their way somewhere else.
