By the time she left the bank (in the early seventies) she had accumulated around 300 shares of The Dover Community Bank.My Father, when he retired, had the dividends from those shares sent home to help ends meet. When my Dad passed away at age 80, my brother and I inherited over 7,600 shares of The Bank of New York, all originating from those 300 shares of what was once called The Dover Community Bank.So, through this individual experience I have adopted my own opinion of what is called a long term investment in a security. It is simply this securities should be purchased with the intent of providing dividend income to help ends meet during retirement, with the understanding that no one can successfully retire without financial freedom.
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