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TomAbel | 4 years ago

Here is a story of a man who collected cans and bottles for cash and invested the money he got in the stock market, he died a millionaire.

"Curt Degerman, known to many as "Tin Can Curt," Degerman spent nearly 30 years roaming the streets of Skelleftea in northern Sweden collecting tin cans and bottles for cash. Those who passed him by simply assumed he was another ordinary street bum.

But to the surpise of many, when Degerman died in 2008, he left more than $1.4 million to his cousin. In between collecting cans, Degerman spent a lot of time in his local library reading business papers and studying the stock market. "

He knew stocks inside and out," said his cousin.

By immersing himself in an education of thrift and smart investing, Degerman used his tin-can earnings to purchase mutual funds. He bought 124 gold bars and also expanded his cash with a savings account. By riding a bicycle and not having a mortgage on his house, his savings were made even easier.

But in 2008, Degerman died of a heart attack, leaving his entire estate to a cousin who had visited him regularly during his last days. He died a millionaire."

Sources:

https://www.nydailynews.com/news/money/tin-collector-dies-mi...

https://www.wsj.com/articles/BL-WHB-2895

https://archive.md/kB5F4

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spaceflunky|4 years ago

I remember reading some version of the story where he figured out what companies were on the rise by going through peoples trash. Like he would make note of what people were actually buying so he had an inside track.