"It's normal for stocks to go up and down. The stock market is like the food market. If there are many vendors selling the same vegetables, I will choose the seller with the lowest price," investor 104 sharing age.

Normally, at this rare age, few people are interested in making money, but a 104-year-old woman named Zhou Hongbao in Minhang district, Shanghai, China is not like that. Currently, she is the oldest stock investor in the country of billions of people.

Her daily interest is to study the up and down markets for profitable investments. She focuses on price-to-earnings ratios, margins, and moving averages.

Stock trading began in the city she lived in in the late 1860s. This is not an arena for the faint of heart or lack thereof. However, this old woman has been investing in stocks since the 1990s, so far, she has earned about 100,000 yuan profit from the initial capital of 3,000 yuan.

Ms. Zhou said that when she was young, she was not interested in the stock market, the chance that led her to this market was thanks to her neighbor: "In the 1980s, a neighbor asked a friend to help with the transaction. trading stocks. He realized that one could make money investing in stocks, so he wanted to give it a try himself."

From that time, Ms. Zhou became attracted to stock trading but did not have much cash to invest. Seeing this, the neighbor offered to sell her  5% of his shares for about 500 yuan. It was a fair price, so she agreed. When the stock price hit 30 yuan, she asked her neighbor to sell the shares, and the initial investment nearly doubled as a result.

“Even though I didn't know how it worked at the time, I was very happy with the results,” she recalls. At that time, in her 70s, she asked her son to open a securities account at a Shanghai securities company so that she could continue to buy shares.

In 1994, a movie called "Shanghai Fever" about a bus conductor's journey to becoming a stock investor was released. Thanks to this movie, more people know about the stock market and the investment wave is also much more vibrant.

Ms. Zhou has always kept in mind her neighbor's advice to be cautious and not get caught up in "bull markets" (a market that is on an upward trajectory). At first, she invested 3,000 yuan in a few stocks of companies with which she was familiar. She also watches the financial channel throughout the day to monitor and research the market.

After more than 30 years of investment, Ms. Zhou has collected about 100,000 yuan. With this money, she used to spend her old age, buy a new air conditioner and refrigerator, and pay for eye surgery. mine. Although she has a long history of investing in securities, Ms. Zhou admits that making money from this is not the initial goal.

“For me, investing is just for fun,” she said, “which is why” she often buys stocks according to her personal “emotions”. She revealed that she herself does not care about the fluctuations of trading prices and monitors market information as a way to pass the time. Still, it must be admitted that Ms. Zhou is fortunate to have reaped great profits from her very simple investment secret.

"Buying stocks is like buying ingredients for cooking. It's normal for the price of vegetables to go up and down. If there are many suppliers selling the same vegetable, I will choose the seller with the lowest price. It's like joining a participation. In the stock market, if a stock goes down, I will buy it. If it falls more, I will buy more to cover my loss when the price goes up a bit, "said the veteran investor.

Not being greedy and satisfied with small profits, that is also a way for Ms. Zhou to make millions through stocks.

(According to shine.cn)

By source: CAFEF