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Thursday, February 20, 2014

A Dividend A Day keeps the doctor Away: a True Story

Thirty Four Years ago my wife and I were beginning our family in a newly bought home on Grand Ave in Mpls....and our new neighbors were Bill and Minnie....in their eighties...it was a neighborhood of stucco homes...built after the war...all one by one looking a lot like each other...with the expansion on top...two bedrooms down....and just after the birth of our first child...Bill had a habit of coming over and checking on her...he thought she was the most beautiful child he had ever seen...and yess..we agreed...but I digress..every day bill went on a walk around the block and walked to the local post office....I wondered why he seemed so upbeat each day...my other neighbor, Mort, mentioned that Bill and Minnie had been married for 60 years, and had both worked for the same company, and had invested a lot in company stock, and other stock too, and he had arranged to have a stock dividend every day of the week....and as Mort saw it, Bill could live "forever."...Immediately...I liked the concept...anyway...

Years later, when I worked for an investment firm, E.F. Hutton, there was a program that identified stocks for each day of the month, so that if a person wanted a dividend each day, one could know the stocks to buy...and the idea of each day, getting a little income in that would add sparkle to ones day, outside of just one employer...wow...what a wonderful concept...

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