My First Stock: Retired teacher found success by buying blue-chip dividend-paying stocks [Globe and Mail, The (Toronto, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Globe and Mail, The
Robert Orrock, 76, retired teacher and former sailing instructor in Point-Claire, Que. What was your first stock? I was in my 20s, living in Montreal, and decided it was time to invest. I knew nothing about investing, so I went to Place Ville Marie, a big office tower in downtown Montreal, to find a brokerage firm. I walked into the door of a firm called Shearson, where two brokers invited me to stay for the day and watch them work. They were very kind to me. This kind of thing would never happen today. It was around the time of the oil crisis in the 1970s, and they recommended I buy Ranger Oil. So, I bought 100 shares for $19 each. The commission was $39. I eventually did sell the shares for a profit. It was a great start to my investing career. These brokers showed me that investing isn’t a mystery; there’s nothing to fear. What was your investing experience like after that? I stayed with the brokerage for a few years. The company was eventually bought out, and the brokers I wor
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