He has a fairly thorough understanding of the securities market.

Swedish Tramp Turned Into A Millionaire By Playing Stocks

A sixty-year-old Swedish man, Kurt Bergman, was a tramp. Surprisingly, this man who relied on leftover food for survival was an unsung stock market genius. He would often go to the library to read financial newspapers and in the past forty years, he continuously invested his meager income from recycling cans into the stock market. One year and a half ago, Bergman passed away due to a sudden heart attack, and his relatives were shocked to discover that his bank account and bank safety deposit box left behind at least 1.1 million pounds of inheritance!

A tramp enthusiastic about financial consultation

According to reports, Bergman lived in Skellefteå, a seaside city in Sweden. In the past forty years, the locals often saw Bergman riding a broken bicycle through the streets, searching for recyclable garbage in trash bins. Bergman often wore old pants and a dirty blue jacket. The man who made a living by collecting cans earned himself the nickname "Can Kurt."

In the eyes of the locals, Bergman was an "eccentric." Even though he was a tramp, he liked going to public libraries to read newspapers, and his favorite were financial daily newspapers, which the locals found quite amusing.

Forty years accumulated one million pounds wealth

Eighteen months ago, Bergman passed away due to a sudden heart attack. After his death, his relatives and neighbors discovered that Bergman was actually an unknown seasoned investor. He used his meager income from selling cans to invest in stocks and in the past forty years, accumulated at least 1.1 million pounds (approximately 11 million RMB) worth of substantial property!

When Bergman passed away, his relatives found that his Swiss bank account held stocks worth at least 731,000 pounds, and a private safe-deposit box he opened in the bank stored 124 gold bars worth up to 250,000 pounds! Moreover, there was 4,300 pounds cash in one of Bergman's local bank accounts, and 275 pounds of "loose change" was left in the shed where he took shelter from wind and rain. According to Bergman's relatives, his huge savings were accumulated through cautious stock investments.

Cousins fight over the inheritance in court

It is reported that Bergman had written a will before his death, leaving all his property to a cousin who often visited him. This cousin said in an interview: "He (Bergman) went to the library every day to read 'Sweden’s Industry and Commerce Daily'. He enjoyed reading the financial section, and he had a very thorough understanding of the securities market."

Relatives said that Bergman was a very smart child when he was young. However, due to personal reasons, he dropped out of school in his teenage years and began living as a vagrant ever since.

However, after Bergman's inheritance was revealed, another cousin went to court and sued the originally designated inheriting cousin. This cousin claimed that according to inheritance laws, his father —— who was Bergman's uncle —— should be the legal heir to Bergman's estate.

Under the mediation of the local judge, the two cousins finally reached an agreement recently to share this substantial inheritance. However, both refused to disclose the details of the agreement, only saying they were "quite satisfied" with the result.

As per Huashang Daily credentials processing...

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