HomeHome SearchSearch MenuMenu Our productsOur products

Follow this petrol attendant's investment strategy and you could become a millionaire

by , 16 June 2015

Investing on the stock market is one way to build your wealth over the long run.

Various studies have shown than investing regularly and for the long-term is the secret to investment success.

At the end of February, the passing of a US petrol station attendant showed just how effective this investment strategy can be.

Read on to find out how he did it and how you can do it too…

This petrol attendant build a stock market portfolio worth $8 million

Ronald Read, who passed away last June at the age of 92, had worked as a petrol station attendant and janitor in Vermont, the US. But it wasn’t until after he died it emerged that he was sitting on a stock portfolio worth around $8 million, says the Daily Mail.

His story is an inspiration for people who think investing may be beyond their reach.

So what sort of investment strategy did Read follow?

Read managed to accumulate such a portfolio by investing a set portion of his salary into some of America’s blue chip stocks, notes Philosophical Economics.

He grew his multimillion dollar portfolio without possessing any “special stock picking skills or inherited riches”. His success came down to him saving and investing regularly.

How to replicate Read’s riches on the stock market

In today’s America, a worker doing a similar job as Read would have to put around 20% of their salary into the stock market. And would need to see a return of 8% on average a year over the course of 65 years.

But if you take inflation into account, it would most likely be beyond the reaches of a low-paid US worker, but possible for an average paid worker.

One aspect that helped Read achieve his riches were stock market crashes. Investing regularly meant that he took advantage of times when stock prices were down.

And he lived through a period of impressive economic growth. This helped the stocks he invested in grow substantially.

But if you’re determined, take a leaf from Read’s book. Save and invest regularly, buy when stock prices are low, hold onto your stocks for the long-term, and reinvest your dividends.

So there you have it, follow this petrol attendant’s investment strategy and you could become a millionaire.

*********** New release ************

Isn’t it about time you found a business opportunity that really works?

With the right business plan you really CAN achieve all those fundamental changes to your quality of life… To spend more time with your family, take those holidays you always dreamed of and yes, never have to work for someone else ever again…

I’m not going to pretend making R130,000 or more from scratch is as simple, but nor is it something that’s beyond reach for anyone who is prepared to exchange some honest time and effort in making it work.

If you have what it takes, click here and I will guide you every step of the way…


Follow this petrol attendant's investment strategy and you could become a millionaire
Rate this article    
Note: 3.5 of 2 votes

Related articles

Related articles

Trending Topics