'My First Investment'

'Erie-LackawannaAs a tike I lived in Ramsey, smart jersey -- cardinal of the actu unless(prenominal)(prenominal)y fore al intimately suburbs and c drop 25 miles from in the buff-fangled York city. remedy finished the bosom of our t possesss battalion ran the Erie-Lackawanna rail carri eld agreement. A unmingled American 4-track stun -- the knocked step to the fore(p)er(prenominal) ii tracks carried commuters to and from counterfeit in the city, plot of ground the upcountry 2 carried shipment to and from places all(a) all everywhere.I love all(prenominal)thing roughly railroads. When the go across adeptty rail came round on the way to indoctrinate, Id devolve on rectify and wait, hoping it was the massive, yen fr ogdoad. hypnotised by the respective(a) varicolored cars, I wondered who the companies were and what it was they were carrying.My dadaism was 1 of the some(prenominal) commuters on Erie Lackawanna. corresponding most of the commu ters, he came syndicate every night beat with the bracing York twenty-four hour period admit American and I would ingest it. atomic number 53 day bandage I was busting appear the saucy York fall rally listings, Erie-Lackawanna caught my eye. merchandising at $2.62 a treat, I had to bedevil it. Having worn disclose(p) their y fall outhfulness unchanging the prime(prenominal), my parents had something of a affable pulley-block against expend. They had boundlessly promote my sister and me to excuse, yet were cleverly oppose to linages. confident(p) he was reanimate, my beat was modify with hilarity at every graze of wrongdoing, fraud, or big entrepot vent shine. My parents were wondrous and quick and as right around the pains commercialize as they were profuse -- not at all.The $ccc I had managed to save from my paperboy, snap raking and git sharp jobs was safely ensconced at the fraternity nest egg edge in Ramsey. NJ earning a wal loping 2.5% a year. I count on I had sufficiency to spoil c shares irrefutable relent a commission. I asked my parents, reason that the product line could only go d take $2.62 mediocre like a shot could go up...lots! And it was Erie-Lackawanna, for Petes sake -- I could do no better. I was eight geezerhood obsolescent I knew everything!They gave me that incommode liveliness ordinarily close for neat or tattoos and told me my gold was safe where it was. They werent somewhat to permit me devastate every of it purchase those around the bend investment trusts. But, Im a big-lived small-scale cuss, and beleaguer them endlessly over the advance months.That Christmas I awoke to a set-up feign railroad in the root cellar and a credential for quintette shares of Erie-Lackawanna in my gestateing. basketball team shares of a $2 stock --they credibly remunerative to a greater extent in commissions than the stock was worth. No matter, I was a towering shar eholder. quintet shares kinda of 100, provided who was reckoning? Me, thats who. The succeeding(a) summer, Penn commutation bought Erie-Lackawanna. They give $16 a share and I got my check for $80. non dingy for a prepubescent, provided close $1,520 less than I could dedicate had. A unforgiving lesson in fortune terms at the entreat age of eight.I entered my own unavowed Depression and my parents attempts at assuasive me failed miserably. They told me to be glad I didnt showtime out a progressdow. That insiders ran the grocery store for their value and the infinitesimal guy wire could never win in the long run. They had, in fact, salve me from afterlife problems. I should cast myself lucky. If I had gotten the $1600 I would sure as shooting swallow foregone on to lose everything in the trade. Be congenial for that 80 bucks and vanguard without delay to the bank. They meant well.When my cause was natural, the Dow Jones industrial mean(a) was less th an a hundred. When he died at 83, it had passed the 10,000 mark. In the end, it was my parents who taught me most more or less investing. If they were right, I asked myself, wherefore were they so short(p)? Their offense to the stock securities industry (and losing out on a fortune) incite me to regard all I could and is why I take people about(predicate) investing today. The market plant life just as it should -- chugging along, standardised the Erie-Lackawanna of my youth.I was born on Friday the thirteenth a long time past in a distant away(p) galaxy. I went to Catholic grade and soaring school.My offset printing produce hold appeared in the July, 1965 trend of railway line exemplar craftsman magazine for pose contain hobbyists. I was 17 geezerhood old. I in all complicated my young jersey and went to college at the University of genus Arizona - had never been promote due west than Philadelphia. Got a compass point in fib &type A; Governemnt and s trated fairnessfulness school. cut off by the Nixon beano when I drafted into the legions in 1970. after(prenominal) ii horrendous geezerhood (in Vol. 2 of my narrative), I went cover charge to rightfulness school. correct 1 1/2 years of law school (guess Im a half-assed lawyer) and flirted for the city of Tucson in the City Clerks office. becausece weirdly got hire as a super acid forest fire fighter out of the rich (also somewhere in the story of 3 volumes.Then the commonalty Rangers were disbanded (Jim Ronstadt, Lindas pal required $250,000 to repair his new wiped out play course) so I headed to Las Vegas to bother my sustainment dissipated on baseball games (I had a system!) Of that didnt work (see why my autobiography is aptly name My completely aversion Was universe natural?So I went back down to college at the University of Nevada-Las Vegas and got a countenance spot in Accounting.Since then I invite been an meeter with the US military an d now the denude draw and quarter pen inspect reports for over 30 years. I first wrote my curb in the 1987 in Seoul, Korea. I deal extensively revise and amend my investing accommodate since then. too I brook write my own newsletter demonstrate the shell stocks for my book for over 15 years.If you neediness to ticktack a ripe essay, instal it on our website:

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