Talk of The Villages Florida - View Single Post - The Psychology of a Stock Split
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Old 09-04-2021, 12:22 PM
jimjamuser jimjamuser is offline
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Originally Posted by OrangeBlossomBaby View Post
I get a kick out of watching my Intel a few times every year, or when the company makes the news. But yes my grandmother was a financial genius. She and my grandfather lived in near-poverty while he was finishing dental school. He came from a family of 11 kids, several of whom were dead by the time he was old enough for college. The remaining siblings all chipped in to cover his tuition; he was the first to graduate from a college in this country (his parents were immigrants).

Every cent Papa earned, was immediately turned over to Gogi (my grandmother). She pinched pennies like a boss. Papa was a dentist during the depression and would receive chickens (sometimes alive, mostly butchered), tree-trimming, car repair, etc. in trade because people in his town couldn't afford to pay for him to treat an abscessed tooth. So they didn't have a lot of money. What they had, Gogi would save, and then invest.

By the time they had both passed, over a million dollars in investments, insurance, and other assets, was split between her three children, 6 grandchildren, and several charities including a sizeable donation to Tufts medical school, where he received his doctorate.

So we grew up - not wealthy, but understanding wealth, understanding what it means to have, and to not have, money. It is part of our family history and heritage to appreciate it, even if we don't end up working in the financial world or doing investments of our own.
Great story! Amazing how back in that generation many, many brothers and sisters died before reaching even age 10. No wonder back then families NEEDED to be very large. Women MUST have been baby factories in addition to all their other family and civil duties. Note : My intention is to praise women, not the reverse. I am glad that women have "come a long way, baby"! No wonder that most women are superior at multitasking than most men.