Missouri dad stashes stocks in a coffee can for his 3 daughters. He says with ti
In his kitchen, Matthew Ankrum is building a college fund. But he hopes he will eventually cook up generational wealth. The Kansas City, Mo. financial analyst
In his kitchen, Matthew Ankrum is building a college fund. But he hopes he will eventually cook up generational wealth.
The Kansas City, Mo. financial analyst and father of three daughters has spent years hunting for the kinds of stocks that don't just grow, but compound into life-altering wealth over decades.
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He calls them "100-baggers (1)": companies whose share prices multiply a hundredfold or more over time. And he's been systematically stashing physical stock certificates into a coffee can, with a plan not to touch them for at least 30 years.
"When you actually start thinking about creating a legacy, or kind of generational wealth, for your kids ... you don't think about it as in quarters or even years," Ankrum told CBS News. "You start thinking about it in the decades."
His strategy — now docume
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/missouri-dad-stashes-stocks-coffee-103000092.html)
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