Remember Ann Scheiber: Hang Tough During this Rocky Market

To be an extraordinary investor, you have to have a strong stomach.

You can’t panic and you have to think for the long-term.

Easier said than done, I know.

But one investor did it for over 50 years. Her name was Ann Scheiber and she was a regular investor who lived in New York City. She grew $5,000 in 1943 into $22 million by 1995 all by buying good companies that paid dividends.

And she didn’t panic. She was fully invested during the nasty bear market of the 1970s. During the Super Bear of 1972-1974 she lost 40% on some of her investments.

Did she take her money out of the markets? No!

She reinvested the dividends which meant buying even more shares because those shares were cheaper after the market sell-off.

She had a basic philosophy, according to Time Magazine:

“Don’t worry about daily market fluctuations; reinvest dividends; hang tough.”

Do what Ann Scheiber did. Think long-term.

She was invested for over 50 years. She got rich the old fashioned way: she grew her money over time.

Don’t let this bear scare you. Buy dividend paying stocks now that they’re on sale. The dividends will give you income while you wait for the markets to recover. There are worst things then getting paid while you wait.

Read about Ann Scheiber’s investments and get inspired.

If she can do it, so can you.