I recently retired as a Senior Vice President of a $20 billion publicly traded comapny. I worked there 40 years. I retired making about $1,300,000 a year plus bonuses. I have lots of cash, $2 million dollar home paid off, stocks, bonds, real estate investments, 401K and pension. I would put my Net Worth at about $40 million.
My investment question conerns the spare change I collected over ther 40 years i worked. When I would come home at night, I would put my quarters, dimes, etc. in a big glass container in the kitchen. I counted the change last weekend and have $2,300,000.00. I am not kidding. I was thinking of buying a few thousand shares of AOD with it. Would that be wise?
Nice story. You're probably an average investor. Try WSR or UTG for a more secure dividend. I only hold a small posistion in aod now. Also for a monthy dividend and growth and at a bargin today is GLAD.
So you need help with the conversion process? Try this for grins. Using Troy Ounces as weight standard for all the american coins you saved to account for your $2,300,000, you will. arrive at an average .0994 ounces per coin. Now add up base value of a quarter,dime,nickel,and penny. Your resulting answer is .41 cents. Now given that you have equal amounts of the above coins saved we can now divide that into your $ 2,300,000. This will give you 5,609,756 coins which if multiplied by our average of .0994 ounces per coin gives us a total of 557,609.75 ounces. Divide that by 16 ounces in a pound and you have 34,850.6 lbs or 17.425 tons worth of coins. I want to know what safe built in this world will house that kind of weight?