We just passed a major milestone. No, I’m not talking about the 50th anniversary of the Apollo 11 moon landing (although that is certainly worthy of recognition). But while we’re on the subject, it would be remiss of me to not cite a couple of examples of what the market has done for investors since that historic date in July 1969. #-ad_banner-#If you bought a few shares of Walt Disney Co (NYSE: DIS) back then, they would have since multiplied in value 400 times over. Better still, a stake in McDonald’s (NYSE: MCD) would have delivered an astronomical return of… Read More
We just passed a major milestone. No, I’m not talking about the 50th anniversary of the Apollo 11 moon landing (although that is certainly worthy of recognition). But while we’re on the subject, it would be remiss of me to not cite a couple of examples of what the market has done for investors since that historic date in July 1969. #-ad_banner-#If you bought a few shares of Walt Disney Co (NYSE: DIS) back then, they would have since multiplied in value 400 times over. Better still, a stake in McDonald’s (NYSE: MCD) would have delivered an astronomical return of 82,000%, including dividends. That’s what happens when you become a part-owner in iconic American businesses, reinvest your dividends dutifully, and harness the long-term power of compound interest – which brings us to the real milestone I was talking about. $150,000. That’s the cumulative distributions of dividends and interest we’ve collected in our Daily Paycheck portfolio since it was created in January 2010. The latest running tally through last month is 3,389 “paychecks” worth a total of $155,219. And while August looks to be somewhat of a slow month for dividends, we’re still scheduled to receive $1,313. That money… Read More