By in Personal

Radio Shack - In Response to Anthony Davis

Anthony Davis writes an article based on the history of Radio Shack, a part of Tandy... Here it is. But I have something else -- related to Tandy -- to share with you.

My mother and my father had limited income. But the unions came along and became strong. As a result, my father's income and benefits increased considerably.

My parents decided to "play" the stock market. They did so through a man who lived in our own town, Haddonfield, Camden County, New Jersey.

The man suggested to my parents they invest in Tandy. Tandy was a hobby-related business that specialized in such things as leather working and home electronics.

When my parents bought stock in Tandy, it was something like 2-7/8. Well, believe it or not, it shot up to nearly 10. The man told my parents, "Sell, sell."

What do you think? Did they sell?

Well, they did.

They would long regret that they did. Why?

It KEPT going up. It peaked out at about 100!


Image Credit » Pixabay https://pixabay.com/en/refugees-economic-migrants-1015310/

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Comments

MegL wrote on June 5, 2017, 7:06 PM

Well, they made a profit! it might have dropped again.

lookatdesktop wrote on June 5, 2017, 8:09 PM

At least they made some profit from it. This was an interesting thing for you to post. Thanks for sharing this tidbit.

cmoneyspinner wrote on June 6, 2017, 12:36 PM

I love a good "little people make it big" investment story. I know another story of IBM employees who were given shares in the company for their years of service. When they retired they were millionaires. But you'd never know it by looking at them. They lived a simple modest life.