Who got rich just from the stock market?

The millionaire grandma - how a former teacher got rich

The house, built in 1964/65. The furnishings - apart from the new leather sofa set - also. It's cozy at Beate Sander's, but hardly anyone associates her row house in the Böfingen district of Ulm with the four walls of a stock exchange millionaire. With this modesty, the bestselling author is in good company: Stock market guru Warren Buffett is also said to still live in a house on the outskirts of Omaha in the US state of Nebraska, which he is said to have bought in 1958 for 31,500 dollars. Millionaires can be so humble. However, Beate Sander is not an income, but shares millionaire.

Only when you are over 60 years old on the stock exchange

The two also have in common that Beate Sander only buys shares that she wants to keep forever. Otherwise, the worlds of what is probably the most successful major investor of the 20th century and the 81-year-old Sander are fundamentally different. The retired teacher, who taught full-time at the secondary school in Neu-Ulm until her 65th birthday, only started trading stocks late in her life, in the run-up to the so-called Telekom share, which went on sale in 1996. Sander started a stock exchange company at the school, wrote the first curricula and textbooks on the subject, and got into trading himself after he was 60 years old.

Their start-up capital of 30,000 euros has now turned into a million, the amount of which remains in the seven-digit range even after the share price falls. She calls her self-invented secret of success "up / down courage strategy": After every crash a new all-time high was achieved. When prices fall, it is important to buy good paper with potential and to finance it with partial sales at the high level of the year.

Your recipe for success

“Invest stocks for the long term and in a variety of ways,” advises Sander. Your portfolio covers different industries, stock indices and countries. Her credo: “Broadly diversified, never regretted.” She always spends more than 1,000 to 1,500 euros on one title. On average, she achieved over 15 percent book profit annually - after taxes and transaction fees. "In order to be successful on the stock market, you have to be disciplined, patient and reliable, you must not succumb to the herd instinct and sell everything in the event of a crash," she says. Only the banks benefited from this. In a 14-year perspective, there was never a risk of loss.

“Just yesterday I sold ten of my 200 Sartorius shares. With a profit of 2,800 percent, ”she explains. Her patience paid off: in 2006 she bought the pharmaceutical and laboratory supplier's papers for EUR 5.80 per share. Now she has sold a few pieces for more than 145.50 euros - tax-free because old stock.

Former competitive athlete

Sander, the slim woman with short gray hair, reads a lot. In the small dining room near the solid wood corner bench, next to beer mugs with pewter lids, there are books by Tesla boss Elon Musk, "The Essays by Warren Buffet" and a work by Richard Thaler, the recipient of the Alfred Nobel Memorial Prize for economics, on a sideboard . If it hadn't been for competitive sport, says the widow and mother of two, she might have discovered the desire to trade stocks even earlier. But appearances in the table tennis Bundesliga and later training for tennis titles cost time.

At 81 years of age, the woman from Ulm does not allow herself any breaks. She gets up at four a.m. every day, writes her articles as a weekly stock market columnist for a newspaper and then works on her books. Your desk dates from moving in in the mid-1960s. Only the PC is pretty new. Despite her 81 years of age, online trading in securities is a matter of course for her. At seven o'clock it is time for exercise in the gym or at home. Then they continue to write, research or trade until 10 p.m. Sander has written over 50 books over the years: The absolute buyer is "The share and stock exchange license: shares instead of savings accounts - the license to invest". After new editions, it regularly ranks first on the Amazon bestseller list in the stock market advisor section. The next book is almost finished: It is about demographic and global change.

Little interested in consumption

“I could also go on cruises all the time or buy jewelry,” says Sander. “But that means nothing to me. I'm not interested in consumption or fashion. ”Sander even still has her old marriage bed from the 60s. Quite pragmatic but only the half that she still needs.

She wants to pass on her knowledge

Instead of spending money on travel or furniture, she prefers to support her children and five grandchildren. She enjoys it when she can pass on her knowledge and strategies in courses for beginners and advanced learners at the Ulm Adult Education Center. Sander wants to dispel the prejudice that stocks are only for the rich, for experts and for speculators: "Get rid of the savings book, the creeping destruction of capital in the age of zero interest rates."

Published in the Economics section