Business, 21.01.2021 18:50 haelleydorethy

FROM $5K TO MULTI-MILLIONAIRE Anne Scheiber was 47 years old when she retired from her job as an IRS auditor. With a
pension Income of only $3,150 a year during her retirement, she hadn't been rolling in the
dough. But by pinching pennies, she had saved $5,000 to invest.
She chose top companies making products she admired, such as Coca-Cola and Bristol-
Myers, and never sold them. She was famously frugal too, often stuffing her purse with food
the companies served at their annual shareholder meetings.
Anne never added more money to her account. She just reinvested the dividends she eamed.
By the time she died at age 101, her investments were worth nearly $22 million. And virtually all
of it was left to a nearby college she had never even visited.
Follow-up questions:
Where or how did Ms. Schreiber get money to use for investing?
What strategies did Ms. Schreiber use to grow her wealth during her retirement years?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 19:40

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%

Answers: 2

Answer

Business, 22.06.2019 20:30

What talents or skills do u admire most in others

Answers: 2

Answer

Business, 22.06.2019 22:40

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

Answers: 3

Answer

Business, 23.06.2019 13:00

How should the financial interests of stockholders be balanced with varied interests of stakeholders? if you were writing a code of conduct for your company, how would you address this issue?

Answers: 2

Answer

You know the right answer?

FROM $5K TO MULTI-MILLIONAIRE Anne Scheiber was 47 years old when she retired from her job as an IR...

Questions