Comcast: Four Decades to Riches

Cable TV, internet and telephone provider Comcast (CMCSA) came public in June of 1972. The IPO was priced at $7 per share. A thousand shares purchased for $7,000 and forgotten about would have been worth almost $6.2 million as of Aug.  28, 2013, adjusted for later splits and reinvested dividends.

Becoming a multi-millionaire was as easy as pie. Just buy and hold for 41 years while paying any taxes due on dividends from another source. The S&P 500 with dividends reinvested grew to just $381,580 over that same time span....240 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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