Posted on 01/27/2015 11:20:09 AM PST by Mad Dawgg
It will eventually happen, to a degree. Of course it depends upon the specific application.
Recall, automated looms were said to be unworkable 200 years ago. Look how that turned out.
http://en.wikipedia.org/wiki/Luddite
P&G is one stock I don’t worry about. All of my dividends are reinvested and it has been steadily growing. I retired 18 months ago at 58 and I’m 60 now. I plan to find some kind of work part-time just to keep me out of deadbeat status and will let the stock grow as long as possible without taking any distributions from it. I retired after almost 40 years at the same place and was in good enough financial shape to retire early. I’ve been working since I was 17 though and even though I’m enjoying being retired I know the time will come soon that I will want to be semi-retired. The longer I work, even at minimum wage, the longer I can let my stock grow without bothering it. All of my eggs are in one basket with stock but owning P&G stock won’t go wrong.
All the best to you too!
I like buying local companies so I have HRL in my Roth IRA. You're right... good company. One of the top items to do when my husband retires in the next 14 months - visit Hormel's Spam Museum! :-)
When I as young working in the trades it wasn't unusual to see over 100 guys working on a new building. Visit a modern construction site and you'll be lucky to find 40.
I understand it, but I don't have to like it.
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