Anna Scheiber, an investor in dividends, which turned an investment of five thousand dollars into a multi-million dollar capital. She died more than twenty years ago, at the age of 101.
By this time, Anna’s account was $ 22 million.
She was a regular employee of the tax administration, with an average salary.
Conducting an audit of the tax deductions of her fellow citizens, she came to the conclusion that the best way to wealth is to buy shares.
Anna Scheiber began to acquire shares of well-known companies that she understood, and again bought shares with dividends received. This went on for decades.
To avoid costs in the form of taxes and commissions, she never sold her assets.
Neither during the bear market in 1972-1974, nor during the market collapse in 1987.
Anna believed in her choices and selected companies.
Over time, Anna Scheiber became the owner of a diversified portfolio of more than one hundred companies, including such brands as Coca-Cola (KO), PepsiCo (PEP), Bristol-Myers (BMY), Schering Plow (this company was bought by the pharmaceutical giant Pfizer in 2009).
She got acquainted with the annual reports with the same attention with which the tax auditor approached her work, and also attended annual meetings of shareholders.
Anna herself conducted a stock analysis, drawing attention to the most promising companies, which, in her opinion, had every chance of increasing profits and dividend payments.
In recent years, she began to reinvest in tax-free municipal bonds.
By the time she passed away, Anna's portfolio was 30% comprised of fixed income sources.
In a year he brought income equal to 750 thousand dollars due to dividends and interest on bonds.
Anna Scheiber bequeathed her entire fortune to Yeshiva University, although she herself never studied at it.