Buy This "New Money" Stock and Get "Old Money" Rich
August 12, 2016 at 05:00 AM EDT
I got my introduction to the world of wealth management while working for Gannett Newspapers in Rochester, New York. I've watched wealthy investors constantly ever since, because what I saw at the time was absolutely fascinating. You see, Rochester has more than its fair share of "old money" families - that's largely thanks to local companies like Eastman Kodak, Xerox, Bausch & Lomb and, much later, Paychex. These companies grew so large that they made huge swathes of the population filthy, stinkin' rich. Now, certainly, none of these families obtained their fabulous wealth by simply being in the same ZIP code as these successful companies. Instead, as I came to find out, they travelled a path of sorts, using a "wealthy investor" strategy with a shared mindset that led to more frequent success, greater gains, and more substantial wealth over the long term. And that is precisely what I'm going to talk to you about today. And I'll go one better - I'll give you a "new money" stock that can help make you "old money" rich. Attaining this kind of wealth is a lot easier than you might think... Tags: Facebook To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Buy This "New Money" Stock and Get "Old Money" Rich appeared first on Money Morning - We Make Investing Profitable .