I got my introduction to the world of wealth management while working for Gannett Newspapers in Rochester, New York. I've watched wealthy investors constantly ever since, because what I saw at the time was absolutely fascinating.
You see, Rochester has more than its fair share of "old money" families – that's largely thanks to local companies like Eastman Kodak, Xerox, Bausch & Lomb and, much later, Paychex. These companies grew so large that they made huge swathes of the population filthy, stinkin' rich.
Now, certainly, none of these families obtained their fabulous wealth by simply being in the same ZIP code as these successful companies.
Instead, as I came to find out, they travelled a path of sorts, using a "wealthy investor" strategy with a shared mindset that led to more frequent success, greater gains, and more substantial wealth over the long term.
And that is precisely what I'm going to talk to you about today. And I'll go one better – I'll give you a "new money" stock that can help make you "old money" rich.