Investing from the Great Beyond
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 31 December 2018
⏱️ 14 minutes
🧾️ Download transcript
Summary
Imagine finding out that for 35 years you’ve owned shares of one of the biggest companies in America. Chris Hill wraps up 2018 with a story about his late father and a long-lost stock. Plus, he shares a few thanks, and a few thoughts on how marathon running and investing are even more alike than previously thought.
Transcript
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| 0:00.0 | It's Monday, December 31st. Happy New Year's Eve. Welcome to Market Foolery. I'm Chris Hill. Just me in the studio. |
| 0:08.0 | I wanted to share a few thoughts to wrap up the year. This is not the usual show if you're new to this |
| 0:13.8 | podcast. As always feel free to skip this one. We're going to be back on |
| 0:17.6 | Wednesday, January 2nd because of course the market is closed on New Year's Day, but we're back on Wednesday |
| 0:24.0 | with business as usual in a brand new year. I wanted to share two things and the |
| 0:30.4 | first is about a stock. This is a stock that I've owned since I was a teenager, |
| 0:36.0 | only I didn't realize I owned it until just a short time ago. |
| 0:41.0 | My father was a doctor, he invested in the stock market. It wasn't really |
| 0:46.8 | anything we talked about a lot, but I know he was an investor. What I did not realize until recently is that when I was |
| 0:57.6 | 14, 15 years old, somewhere around there, my dad spent around $50 to buy a few shares of a single company for me and he put |
| 1:06.8 | them in a custodial account. |
| 1:10.0 | And we may have had a conversation about that. |
| 1:11.8 | I honestly don't remember. If we did, I'm sure it went |
| 1:16.0 | in one ear and out the other because I was a teenage boy at the time. Teenage boy, not the most attentive creatures that occur in nature. |
| 1:27.0 | So I don't know if we talked about it or not. |
| 1:29.9 | My father died when I was 16 and those few shares of that stock just slipped through |
| 1:36.8 | the cracks of time. |
| 1:39.2 | After he died, my mother was taking care of everything. |
| 1:41.2 | She was managing the home and work and life without her husband and she |
| 1:46.1 | did a fantastic job with that. She is now 88 years old and my oldest brother is handling her investments and he contacted me recently |
| 1:56.4 | to say that he was going through some paperwork and he found this he found |
| 2:01.6 | this paper that indicated the existence of this custodial account with my name on it. |
... |
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