This cranky witch was the wealthiest person in the world

Here's what we can all learn...

Benzinga

Sent on 21 June 2024 03:14 PM

Text Summary Of This Email

Here's what we can all learn...
This Cranky Witch Was the Wealthiest Person in the World
Witch of Wall Street
Value investing in cash-flowing assets has worked since before you were born.
Meet Hetty Green.
Nicknamed the Witch for her foul mood, black attire, and being a real miser with her money
She was also one of the most successful value and income investors in all recorded history.
Hetty predicted the 1907 Panic years ahead of time.
When disaster struck New York City, it was Hetty Green --- not the big banks --- that offered $1.1 million dollars (or about $3.6 billion today) to bail out the city. In exchange, she received short-term government bonds.
She was getting these bonds for pennies on the dollar.
Meaning, she collected a steady income but also could sell the bonds later for a huge profit when they matured.
She had pulled the stunt before. After the Civil War, when the US was rebuilding, Hetty Green invested in US Greenbacks --- Americas first real currency.
Again, these assets were trading at incredible deals and she ended up netting over $1.25 million on them. (thats over $4B today).
Her strategy was simple:
Theres no great secret in fortune making. All you have to do is buy cheap and sell, act with thrift and shrewdness and then be persistent.
I buy when things are low and no one wants them. I keep them until they go up, and people are crazy to get them. Hetty Green
She loved buying assets at a discount and collecting cash flow while she waited.
That was the key to wealth for her.
It will be the key to wealth for you.
Its in fact, the key to wealth for everyone.
My names Tim Melvin. Im one of the last standing pure value investors in this industry. You wont find me chasing AI stocks or cryptocurrencies.
I invest for value and dividends.
One of my high-value dividend portfolios is 100% winners since 2022. No losers.
Now, Im sharing a strategy to increase your dividends every single year like clockwork but also target stocks that could shoot up 100%+ over the next year or so.I lay out my entire value investing strategy here for you for free. (Plus, my top 3 value recommendations to buy now.)
The Witch wouldve loved this.
Stay informed,Tim MelvinEditor of The Yield Report
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