Imagine you spent the past thirty-five years of your life working for Colgate-Palmolive. During your time there, you recognized the greatness of the company. You soaked up the history, knowing that the original William Colgate & Company founded on Dutch Street in 1806 to sell soaps and candles had resulted in a business that had been profitable for 87% of the time that the United States America existed. You know that the private owners collected their dividend checks through the War of 1812, the Civil War, and the 1896 introduction of toothpaste in a tube marked the point from which it would never again cut its dividend.
If this Colgate-Palmolive employee started investing $500 per month 35 years ago, and increased his contribution by 6% each year, the net result would be a $33,900,000 portfolio. When you find an excellent company, give it a long time, and constantly supply fresh … Read the rest of this article!