No. of Recommendations: 13
Inherited 13 stocks in 1975 from deceased parents. I was in my teens the trust became accessible at 30. Never volunteringly sold any of them and still own most along with several spin offs. Two were terrible outcomes, one to basically nothing. Some bought out, etc., etc.
Have bought about 250 stocks since and basically you can say I've never sold anything. While for the hard core value culture that's here on the board this type behavior may seem odd, in my world it was the norm from grandparents to grandchildren to never sell your stocks. Never-ever! Commissions on a $10k trades long ago were hundreds of dollars, as much as $500 for an over-the-counter bank stock.
Largest in order:
40% Berkshire owned for mutiple decades beginning with less than what would buy half a Jeep (because I wanted one!)
40% AJ Gallagher owned since 1994
Coke for decades
Pepsi for decades.
Norfolk Southern been in the family for 83 years, I inherited from my grandmother who outlived my parents
Lowe's owned for about 30 years, my family was in multiple businesses (still are) and builders supply is one
Brascan (the Brookfield yard sale now) for decades
Markel bought at the IPO, my wife is from Richmond, a CPA who once worked for Markel-everybody in Richmond bought MKL
Mondelez residue from buying Cadbury in the year 2000- in 2000 Cadbury could be bought for 8 times earnings all day-every day. I had some forced sales (buyouts) and I bought with every penny I could gather.
...and a slew of other stocks bought in tiny amounts in the family businesses and my and my wife's 401K's. Some are screaming successes, some basically pay wages to employees for all I know.
Never bought a bond in my almost 69 year life...and never will.
