Growing Rich - Arabictrader.com

KIRK KAZANJIAN
to retire until my mental and physical health give out,” he says. At
that point, he plans to turn the business over to his kids, with Rose
continuing as the firm’s prime stock picker and Harry as CEO.
Despite the ever-present “bad-news bears” out there, always forecasting
doom and gloom for the market, Papp remains optimistic as
we enter the new millennium. “Since I started in this business, I have
annually heard or read the statement that the last year was a very
difficult one in which to invest money. I expect to hear this every
year for the rest of my life,” he says. “The stock market has benefited
from its own structural change caused by the enormous amount of
money going into retirement programs such as 401(k)s. Along with
this, corporate America has shifted potential dividend increases to
buyback programs, thus shrinking or reducing the amount of stock
available to the public. In my opinion, this trend will continue, benefiting
the equity markets in the process.”
L. ROY PAPP’S
top 10 GROWTH STOCKS
FOR THE 21ST CENTURY
1. State Street
2. Microsoft
3. Intel
4. General Electric
5. Merck
6. Medtronic
7. American Power Conversion
8. Service Corp International
9. Interpublic Group
10. T. Rowe Price
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