In honor of Women's History Month (yes, we get March ladies!) I thought I would link to one of my all time favorite Money stories. This first appeared in Time Magazine in December 1995 and it profiles Anne Scheiber - a buy and hold investor who turned $5,000 into $22 Million: DEATH AND THE MAVEN How Scheiber made her fortune is as fascinating as why she gave it away. By the time she retired from a $3,150-a-year auditor's job at the Internal Revenue Service in 1943, she was already investing her $5,000 savings account in a stock portfolio. During her career reviewing other people's assets, she had noticed that most who left substantial estates had accumulated their money through common stocks. So Scheiber, who had earned a law degree and passed the Washington bar exam before joining the irs, studied the stock markets with the same precision that she had applied to reviewing tax returns. Labels: Frugal Females, Money Stories |
That's wonderful that she was able to accomplish so much and it's wonderful that she donated all that money, but I felt so sad after reading that.