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Re: Ann Romney's tale of 'struggling': We 'learned hard lessons' living off our stock portfolio  

By: nacl01 in ROUND | Recommend this post (1)
Thu, 19 Apr 12 12:33 AM | 67 view(s)
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Msg. 40596 of 45510
(This msg. is a reply to 40571 by capt_nemo)

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he invested Mitt's birthday money year to year - it wasn't much, a few thousand , but he put it into American Motors because he believed in himself.

I've never had 'birthday money' like that! And his father ran American Motors from 1954 to 1962 when most people did think of 'a few thousand' as quite a bit of money.

nacl




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Ann Romney's tale of 'struggling': We 'learned hard lessons' living off our stock portfolio
By: capt_nemo
in ROUND
Wed, 18 Apr 12 9:22 AM
Msg. 40571 of 45510

We were happy, studying hard. Neither one of us had a job, because Mitt had enough of an investment from stock that we could sell off a little at a time.

The stock came from Mitt’s father. When he took over American Motors, the stock was worth nothing. But he invested Mitt’s birthday money year to year — it wasn’t much, a few thousand, but he put it into American Motors because he believed in himself. Five years later, stock that had been $6 a share was $96 and Mitt cashed it so we could live and pay for education.

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