My #1 favorite case study is about Ronald Read, a janitor who built up a portfolio of $8M.
The question is, how does someone making close to minimum wage become a multi-millionaire?
The answer is a 2-step process:
Step 1: Create a focused portfolio of 10 – 15 stocks.
Step 2: Keep buying those stocks every month. DO NOT SKIP MONTHS.
Some of the stocks Ronald Read held included Procter & Gamble, J.P. Morgan Chase, General Electric, Dow Chemical, J.M. Smucker, and CVS Health.
Ronald Read wasn’t trying to “time the market” with risky penny stocks. He was spending “time in the market” by simply buying strong value stocks every month.
This case study is a reminder that we can all be successful in the stock market.
If Ronald Read can become successful in the stock market, so can you.
See the full article here on CNBC.