WWII 024: Millionaire Recluse Twins with $10,000,000 Net Worth, ETF Dividend Timing, Reverse Stock Splits, Major Cheese Glut, Harry Potter's Money

This episode is about the fabulous, reclusive Magowan twins, Kathleen and Robert, who died with an estate estimated to be worth $10,000,000!

Main Topic:

I published a post on the Magowan twins and their $10,00,000 net worth that you can read here

The tenets that allowed these twins to accumulate such a high net worth while earning ordinary incomes are:

  • Live Beneath Your Means / Frugality
  • Hold Forever to Compound
  • Ignore Wall Street
  • Minimize Taxes
  • Keep it Secret
  • Altruism

Life is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing.. those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.

Noel Whittaker

Ask JB:

[–]3ternal 2 points 1 day ago (from Reddit)

When are dividends paid for monthly dividend ETFs like $DIV? Is it at a certain point every month, or a month after you buy the stock?

Cincinnati Bell just underwent a 5:1 reverse stock split. What does this mean and why did they do this? (self.investing)

submitted from Reddit 5 days ago by MrCheapskate_toyou

It affected me in that I now only have one share of CBB, whereas before I had 5. The share price has more than quadrupled, too, last I looked. Can someone explain what happened here and why?

Do you have a burning question on investing you would like answered? Click the button below to send it to me and I will answer it on the podcast!


Thoughts on this podcast? Disagree with me on some point? Something I missed? Leave a comment!

About the Author

Jeremy Scott Bailey is an investor, author, entrepreneur and host of the "What Works In Investing?" podcast now available on iTunes. He is founder and Chief Investment Officer of Burgeón Group, Inc. an investment advisory firm that provides portfolio management services to families and individuals.

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