The Osgood Millionaires
Indiana Couple Makes $23 Million in Their Basement
A few years ago I read about the unlikely millionaires from Osgood, Indiana.
To be honest with you, I had trouble finding Osgood on a map. It’s a small town in southern Indiana with a population of 1,600, located about one hour’s drive west of Cincinnati, Ohio.
The most famous person to come out of Osgood was Grover Hartley, a backup catcher who played Major League Baseball from 1911 through 1934.
It’s not hard to see why few folks would’ve heard about Osgood.
But Osgood did make headlines a few years back when Gilmore and Golda Reynolds decided to bequeath all their wealth — $23 million — to the town... mostly all coming from stock market earnings.
Everyone in town knew they had money, but nobody had any idea just how much.
The couple lived a modest life in a white stucco house on the town’s main street.
Other than buying a new Cadillac every two years, there was no hint of how much wealth they had.
And their secret turns out to be one massive opportunity for you...
How They Made It
After they sold their propane distributorship in the 1960s, the Reynolds spent dawn to dusk reading the Wall Street Journal in their makeshift office located in their basement.
It was there that they sharpened their stock-picking skills and uncovered, almost by accident, the secret to making money in the stock market.
Gilmore used to come up with the investing ideas, and Golda made the charts that kept up with the company’s progress.
Together, this husband and wife team left a fortune few can even dream of...
And the odd thing is that the Reynolds didn’t look to Wall Street or financial advisors for their ideas. In fact, they didn’t use fancy computers or have a Bloomberg terminal on the desk in the basement next to the furnace room.
Instead, they both stumbled upon a “secret” that other blue-collar investors have also taken advantage of, too.
It’s a secret that Wall Street doesn’t want you to know, because if you did, you wouldn’t need to pay them exorbitant fees to manage your money.
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Over the past several months, I’ve been researching these unlikely blue-collar millionaires that sprung out of hardworking areas such as Osgood, Indiana; Brattleboro, Vermont; and Buffalo, New York.
I’ve discovered that all of these millionaires actually have a few things in common when it comes to their investment strategies.
In fact, these secrets are so simple and easy to understand that most investors overlook them as being too simple.
Today, I want you to grasp the same market advantage they did.
And I want to show you how investors from all walks of life (including a janitor, parking lot attendant, schoolteacher, and nurse) uncovered the secret Wall Street has been hiding from your eyes for decades.
I’m talking about the kind of investment strategy that has been a steady cash machine for a small group of investors.
In their own way, each of them used this secret to build an enormous amount of wealth and secure their family’s financial security.
All my best, Charles Mizrahi Twitter: @IWPeditor Charles cut his chops on the trading floor of the New York Futures Exchange before moving on to become a wildly successful money manager on Wall Street. And with more than 30 years of recommending stocks under his belt, Charles has knocked the cover off the ball, compiling an amazing record of success and posting gain after gain for his loyal readers. He is the editor of Hidden Values Alert and the Inevitable Wealth Portfolio newsletters. Charles is also the author of the highly acclaimed book, Getting Started in Value Investing.
All my best,
Charles cut his chops on the trading floor of the New York Futures Exchange before moving on to become a wildly successful money manager on Wall Street.
And with more than 30 years of recommending stocks under his belt, Charles has knocked the cover off the ball, compiling an amazing record of success and posting gain after gain for his loyal readers. He is the editor of Hidden Values Alert and the Inevitable Wealth Portfolio newsletters.
Charles is also the author of the highly acclaimed book, Getting Started in Value Investing.