Wednesday, January 13, 2021

The Magnificent Marvelous Money Machine

Like most kids growing up in the late 60's early 70's, I spent my fair share of time reading comic books. I can't remember a lot about what was in them, but I do remember several of the ads. Of course, there was the classic Charles Atlas ad where the beach bully kicked sand on the skinny boy and his girlfriend.

But the ad that I remember the best was the "Magnificent Marvelous Money Machine". It was a wooden block with some rollers in which you would put a one dollar bill in one side and a five dollar bill would come out the other. Being very young and naive, my mom had a tough time convincing me that it was just a trick and something like that didn't really exist.

Sorry mom, but you were wrong on this one. The "Magnificent Marvelous Money Machine" does exist, but it has a different name. It is called Dividend Growth Investing. You invest your money today in solid companies with growing dividends and you will be able to spend the rest of your life pulling money out of your investment; and then you can pass the "Magnificent Marvelous Money Machine" on to your kids.

Unfortunately, I couldn't find the "Magnificent Marvelous Money Machine" on the Internet, but for those that didn't see the ad growing up, click here for the modern version of it.

Full Disclosure: No position in the aforementioned securities.

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