Who says you can't make money in the stock market over long periods of time? You could have made substantial amounts of money by just owning only one share of stock, assuming you have the right stock. For example, you could have paid $35 for one share of Hewlett Packard (HPQ) back in 1962. Including splits and dividends, that one share would be worth $11,965. Another example is IBM (IBM), albeit a high priced stock back then at $572 per share. But if you had held on, that investment would be $25,635.
These enormous gains could have been achieved even over shorter periods of time, You could have paid $175.50 for a share of Johnson & Johnson (JNJ) at the beginning of January of 1970 and now have $18,161. Procter & Gamble Co. (PG) could have been had for $110 per share at that time, growing to $11.035. Then you could have bought Chevron Corp. (CVX) for $52.25 for one share and now have $14,079.
The moral to this story is 'Look for a few great companies and buy a couple shares of each one as gifts for your children and grandchildren.' Remember, the holiday season is coming up.
By the way, all the above stocks are Dow Jones Industrial Average stocks. You can find a free Dow Jones Industrial Average stock analyzer at WallStreetNewsNetwork.com.
These enormous gains could have been achieved even over shorter periods of time, You could have paid $175.50 for a share of Johnson & Johnson (JNJ) at the beginning of January of 1970 and now have $18,161. Procter & Gamble Co. (PG) could have been had for $110 per share at that time, growing to $11.035. Then you could have bought Chevron Corp. (CVX) for $52.25 for one share and now have $14,079.
The moral to this story is 'Look for a few great companies and buy a couple shares of each one as gifts for your children and grandchildren.' Remember, the holiday season is coming up.
By the way, all the above stocks are Dow Jones Industrial Average stocks. You can find a free Dow Jones Industrial Average stock analyzer at WallStreetNewsNetwork.com.
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