At one time John Paul Getty was the world’s richest person and made his wealth in the oil business, While his financial dealings are to be celebrated, his personal life was a revolving soap opera. The soap opera details are highlighted in The House of Getty by Russell Miller, Michael Joseph, 1985. John Paul Getty was a successful independent oil man involved in the drilling for oil business. In the early 1930’s Mr. Getty decided to reach further eventually buying Tide Water Associated Oil Company which was one of the biggest refinery and distributer of oil in the US. Eventually everything was rolled in Getty Oil with Mr. Getty as the largest shareholder.

Linking to dividend paying stocks, that is one method to achieve success, however the odds of doing it are very long indeed. The risk of losing everything as Mr. Getty did were very real. If you consider when Mr. Getty he went after Tide Water, there were only 6 other choices and two of them including Standard Oil were too big to even try. Another method to achieve wealth is buy shares in profitable companies and continue to buy shares with the dividends you receive. At the first the numbers maybe small, however over the years the numbers increase and so does your wealth. In this fashion, you keep the bulk of your investments in profitable companies which pay you an annual dividend which helps you maintain a low risk solution.

There are more questions than answers, till the next time – to raising questions