Easy Ways to Get Rich: Buy and hold

Hemera Technologies

Easy Ways to Get Rich: Buy and hold

Long-term stock investments can pay off. Lake Forest (Ill.) resident Grace Groner worked as a secretary at Abbott Labs (ABT) for 43 years. She bought three specially issued shares of the company’s stock for $180 in 1935 and held on to them over the next seven decades, reported wsj.com. The shares split several times, and she reinvested the dividends. By the time Groner passed away this year at age 100, she had 100,000 shares valued at about $7 million.