Crypto McLovin ری ٹویٹ کیا

Walter Schramm invested $6,000 in Amazon $AMZN stock in the late 1990s and, following a "buy and hold" strategy
He did not check his account for almost 20 years however
Thinking he had close to $100,000 by then, he checked his account, only to discover it empty
His stock was deemed "abandoned" and liquidated by the state of Delaware in 2008, through a process known as escheatment. Per the state, if you do not check your account for three years, it is deemed abandoned.
The state sold his shares for about $8,000 in 2008, and held the money for him.
Walter did receive a check for $8,000 in the end, but that was still a pittance relative to what the stock would have been worth had he checked his account regularly
The moral of the story is to check your accounts often
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