Recently I talked at my school about investing. I will be singling out the Humility Curve for an upcoming post if you found that interesting.Scroll down to learn more about kids and investing, the power of investing, and my Brother's Stock Researcher.
On December 26th, 1993, Robert Gaughen took over Hingham Institution for Savings as CEO during a tumultuous time for the bank. A former Hingham president was arrested on charges that the illegally approved loans costing the bank millions, and for which he allegedly received $240,000 in illegal payments. The bank was also underperforming. Non-Performing Assets were $9.4 million in 1992, 6.2% of assets, which were quickly reduced by 90% to $0.9 million, 0.62% of assets, in 1994, and only continued to improve from there. Asset quality is critical to the survival of a bank, and along with these improvements, Hingham began paying a dividend in 1994. *Source: Hingham Institution for Savings’s 1994 Annual Report Over the next 26 years, the company’s loan quality improved, its branch network expanded outside of Hingham, Massachusetts, and Book Value per Share grew 14 times. The company’s share price has grown 15.6% per year (including dividends). *Hingham Institution for...
Thank you for sharing the enlightening video on "The Power of Investing." This insightful content underscores the importance of investing as a means to secure one's financial future. It serves as a valuable resource for those looking to navigate the world of investments, offering essential guidance and principles to follow. Your commitment to providing educational content is highly appreciated, and it empowers individuals to make informed financial decisions. I look forward to more informative videos like this in the future. Also look at pension fund Switzerland. Great job!
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