This letter is for both of you. Thank you for being awesome to me while I was growing up, feeding me great food, teaching me right from wrong, and helping me understand the importance of investing.

That last part is really the focus of this letter, because while both of you owned your homes and had savings, neither decided to buy into the stock market, despite being extremely frugal and having extra money to do so.

The reason I’m bringing it up now, is that an older gentleman that I know just revealed he owns about 100 shares of Berkshire Hathaway (Series A), which are trading at $244,000 per share at this point. He’s in his 70s but has owned them since 1980, which happens to be the year I was born.

That year, he spent roughly $25,000 to acquire them and now they are worth more than $25 million. This got me to thinking, because my family (as I’m sure others) never bought into the stock market, one of the biggest mistakes ever.

Instead, my grandmother put aside $2,000 in 1980, granted when interest rates were double digits, probably thinking that it was the right think to do. I liquidated in 2005, but by now, that savings would still be less than $20,000. In the mean time, the $2,000 would have bought roughly 10 shares of Berkshire’s A stock, which today would be worth $2.5 million. Conversely, the same investment in the S&P 500 would be worth north of $50,000. An investment in Walmart? $1.4 million. Waited a year for the Home Depot IPO? $5.2 million.

The power of the stock market is second to none, and I don’t blame you for NOT INVESTING. Looking back provides some of the most valuable lessons through missed opportunities. The lesson here is NEVER LET what anyone says deter you from investing. There will be more money made in the future than in the past and if you plan on being apart of it, get started right now – for you, your kids, or your grandkids.

LIFE IS LONG and with even the smallest of investments, the future could hold a lot more than you expect.

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