My #1 favorite case study is about Ronald Read, a janitor who built up a portfolio of $8 million dollars.
The question is, how does someone making close to minimum wage become a multi-millionaire?
The answer is, to create a portfolio of 10 – 15 stocks and 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.
These are not sexy penny stocks that produce 1,000% returns.
These are safe value stocks. In other words, in most cases they are stocks with strong financials especially strong balance sheets.
This case study is a reminder that we can all be successful in the stock market.
If you want to do well like Ronald Read, you need to be investing every month.
See the full article here on CNBC.