A 32-year investor who bought one Intel share at 19 explains how dividend reinvestment plans let you automatically buy fractional shares with quarterly payouts, compounding wealth over decades. He's never sold a share and bought themoneypaper.com to revive a directory for DRIP information.
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I heard Warren Buffett describe how he got paid to drink Coca Cola. I'm aggressively patient, going to tell you what happens down the road and how the portfolio stays in the family. In 2026, I'm literally going to open that vault. When I first started my journey at age 19, I didn't know if it was going to work. I didn't know where it would take me. But I can tell you, 32 years later, it has changed everything. I'm going to show you exactly how I've done this for three plus decades so that you can build a that pays you, protects you, and powers your family for generations. I'll share kind of where this whole journey began for me and why. So when I was just a young, really young child, I used to stay up late and watch television because my dad worked. He just worked all the time, he was never home. And I used to try and stay awake as long as I could to, you know, see him home. And this, this infomercial came on, and it was for this booklet that you could order, you could mail order, and the book was titled, the booklet was titled the Money Paper. And it was basically a directory of every company that offered direct dividend reinvesting plans, which still exists today. Meaning you don't have to go through a transfer agent, you don't have to go through a broker. You could literally purchase the stock directly from the company and enroll in that company's dividend reinvesting program. And all that that means in simplicity, is that when you invest in a business and you become a shareholder and dividends get declared on a quarterly basis every 90 days, that dividend, you can elect to have that dividend automatically purchase either fractional shares if the dividend isn't sufficient enough to purchase one full share. But when you do this dividend reinvesting quarter after quarter, year after year, decade after decade, like I have, the dividends grow to become enormous so that every 90 days you're literally adding an ever increasing quantity of shares which earn their own dividends, which add more shares which earn their own dividends. And I heard Warren Buffett describe how, and he was saying it in good humor, I'm sure, how he got paid to drink Coca Cola. And so I'm thinking as a young kid, I'm like, this is super. This is awesome. You can get paid to drink Coca Cola. This is fantastic. So I get this book and I was just fascinated with what is a business and what is a dividend and how does this work? And it should be no surprise Given my Colby fact finder, I've had it obviously since birth and so I'm super excited. And then when I was 19, when I turned 19, I finally purchased my first share of stock and it was in a little known company named Intel.
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What's super funny is that before I did this, I sat down with a Clerica mutual fund representative and I'm in his office and he says to me.
It'S interesting because that's right around the time, it's not probably long after that that Clerica would have been purchased out.
That's very true.
They got Amalgamated and bought out maybe two, three years after that.
That's. You're exactly right. And he says, can I ask you a question? I said, absolutely. He said, how young are you? And I said, well, I'm 19. And he said, what are you doing in my office? You should be out getting drunk with your college buddies. Like, what are you doing in here pepper spraying me with a bunch of questions about dividend reinvestment plans. And so I left the office, got my first share of stock, and that's where the journey began for me. And if I take you to today Rich, you're going to love this story. For the last almost three years, if not maybe a little less than that, Maybe not quite three years, I had been trying to purchase the domain themoneypaper.com and whoever the owner of the domain was, I had a broker in touch with that owner. And the broker came back and said, well, the owner wants, which was an exorbitant sum of money. And I said to the broker, I said, can I tell you something? And he goes, yeah, sure. I said, I'm aggressively patient. So what I'd like you to do is reach back out to the domain owner once a quarter and ratchet the offer down. So start at this amount and ratchet the offer down every single quarter. And I said, I promise you he's going to sell it. And literally it had to have been probably a month, month and a half ago. Finally got it. And so we're basically going to revive the money paper in the cloud right digitally online and, and it's going to be freaking awesome. But 32 years, man, it's gone by like so fast I can't even tell you. And people ask me like how do you select stock? Why do you invest in the businesses that you invest in? And it's like, you know what, I'm just going to teach it. I'm going to show you exactly what I do. I'm going to show you exactly how I select a business. I'm going to tell you why I haven't sold a single share of stock in 32 years and the reasons why and I'm going to tell you what happens down the road and how the portfolio stays in the family and continues growing and compounding. Isn't that good?
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