jesseps Posted April 1, 2010 Share Posted April 1, 2010 To the outside world, Curt Degerman was a poor can collector. The aged Swede, known as “Tin Can Curt,” spent 30 years roaming the streets of Skelleftea in northern Sweden in his blue jacket and ragged pants, collecting tin cans and bottle for cash. He was, in the eyes of most people, an ordinary street bum. Yet when he died he left more than $1.4 million to his cousin. How did he do it? Thrift and smart investing. It turns out that in between collecting cans, Mr. Degerman spent a lot of time in the local library reading business papers and studying the stock market. “He knew stocks inside and out,” said his cousin. He used his tin-can earnings to buy mutual funds. He also bought 124 gold bars and also grew his cash with a savings account. (He rode a bicycle and didn’t have a mortgage on his house, which also made savings easier). It is the classic fairy tale of thrift and shrewd – almost. Mr. Degerman died of a heart attack in 2008. His will left his entire estate to a cousin who visited him regularly late in his life. Yet soon after the fortune was revealed, an uncle claimed the cash under Sweden’s inheritance law. Lawyers got involved, and the two recently settled for undisclosed shares. All of which goes to show that no matter how careful someone is in making and saving money in their lifetime, they can’t control what happens afterward. Do you think Mr. Degerman should have enjoyed his money more while he was alive? Or is he the perfect model of wealth creation? (Courtesy of WSJ Blogs - The Wealth Report) Link to comment Share on other sites More sharing options...
OursNoir Posted April 1, 2010 Share Posted April 1, 2010 April 1st... Link to comment Share on other sites More sharing options...
Cataclaw Posted April 1, 2010 Share Posted April 1, 2010 I haven't heard the word "hobo" since the late 90s. That is all. Link to comment Share on other sites More sharing options...
jesseps Posted April 1, 2010 Author Share Posted April 1, 2010 I haven't heard the word "hobo" since the late 90s. That is all. Which do you hear more/use more? Transient or Vagrant? Link to comment Share on other sites More sharing options...
Cataclaw Posted April 1, 2010 Share Posted April 1, 2010 Which do you hear more/use more? Transient or Vagrant? Neither : homeless Link to comment Share on other sites More sharing options...
WestAust Posted April 1, 2010 Share Posted April 1, 2010 Which do you hear more/use more? Transient or Vagrant? eye sore, stinky, nuisance... Link to comment Share on other sites More sharing options...
Malek Posted April 1, 2010 Share Posted April 1, 2010 I haven't heard the word "hobo" since the late 90s. That is all. ?? Its the only word I use:silly: Link to comment Share on other sites More sharing options...
JFrosty Posted April 2, 2010 Share Posted April 2, 2010 eye sore, stinky, nuisance... Man, you sure have awesomeness flowing in your veins. Comment fais-tu pour être aussi cool? Link to comment Share on other sites More sharing options...
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