The happy old life of a 74-year-old shareholder

In 2019, I wrote about a particularly cute old Japanese man named "Hiroto Kiritani".

👉 "The Old Man Who Retired with 600 Stocks"

Here's a quick introduction to readers who don't know yet:

70-year-old retired professional chess player, a well-known IP that became popular because of variety shows, a veteran shareholder of Japanese stocks for many years, holds nearly 1,000 stocks, and currently holds a record high worth 500 million yen, a long-term investment practitioner, a person who does not buy a house, works hard every day to consume shareholder welfare coupons, does not spend cash, the legend of cycling on the streets of Tokyo, and a pure love warrior who is still chasing girls...

This old man is very happy and very happy, and I am very impressed.

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It just so happened that the variety show followed Tonggu again recently, and updated the recent situation of the old brother:

After experiencing the epidemic, 74-year-old Kiritani is still physically tough, and even looks thinner, but he still lives in the "garbage room", and the clothes on his body are also turned out of the garbage heap:

As he becomes more and more famous, he is already busy (stock speculation + using up welfare coupons) and has a new career: giving speeches everywhere to give hope to the Japanese elderly, and by the way, he pulls people into the Japanese stocks:

But there are also troubles, and the label is too clear - retired shareholders who live entirely on shareholder welfare vouchers. So Kiritani didn't dare to spend cash, and he couldn't spend it secretly, except for paying rent and utilities (yes, he rented a house!), there was no place to spend money at all, and annuities and dividends made him more and more cash!

Kiritani said, "I have the money."

The passbook was just thrown on the ground, too lazy to clean up, have you ever seen a passbook in one place?

Pick it up and open it casually, and it is more than 20 million stock dividends (this is from September 2023):

Sprinkle water, there are still tens of millions of bullets to continue to increase the position to buy stocks:

My brother's current total assets are about 500 million yen:

Oh yes, here's a little recap:

Uncle Kiritani used to be a professional chess player when he was young, and he always went to the securities company to teach people to play chess, so he also became a shareholder, and the account reached more than 200 million in 5 years of stock speculation.

At the close of the afternoon of January 23, 2006, the account ushered in a new high, 300 million, but the economic crisis of 08 years, the assets became 1/6 of the original.

After living in difficulty, Kiritani is determined to make good use of the shareholder welfare vouchers he has received to live, and there are only two things for the rest of his life:

Continue to speculate on stocks! Work hard to use up every shareholder coupon during non-trading hours!

Through the scenario of Kiritani's use of welfare coupons, it can be seen that a considerable part of his holdings are required + optional consumer stocks, which are the largest weighted sectors of Japanese stocks, and during the lost 30 years, the consumer sector has performed very well for a long time and steadily outperformed the market.

Especially after the subprime mortgage crisis in '08, the consumer sector came out of a big bull market, which largely benefited from "Abenomics".

There are two main lines within the Japanese consumer sector - one is personalized consumption, and the other is companies that have successfully gone overseas, and the two clues together point to "increment".

Withdrawn, today's topic is gossip!

Uncle Kiritani's daily routine is still full of tricks to use welfare gift certificates to gather wool.

I've even started to pay attention to my appearance!

Wear a wig and trim your eyebrows:

Aesthetic treatment, age spot removal:

Grow a beard:

Then step the bicycle out of the sense of déjà vu of a motorcycle, and gather wool everywhere:

It's hard for an old brother not to love, love to grab dolls, and can't put it down:

The program team also specially recruited amateur chess enthusiasts to challenge former professional flag bearer Kiritani.

I was shocked here, Kiritani, who had entered the state of the game, completely lost his usual inexplicable joy, he was very serious, not smiling, expressionless, and he couldn't see a trace of joy after winning the game easily.

really responded to that sentence - don't challenge other people's jobs with interest.

Of course, on weekdays, Kiritani is still the funny guy.

At the end of this episode, the film crew accompanied him to eat his favorite crab and spend cash!

Kiriya changed his usual gobbling (because he was in a hurry to get to the next place to pick up wool, he ate quickly), and this time he relaxed and chewed slowly:

also said a worry to the program team: I am getting old, and I can't remember people's names anymore.

Fortunately, the stock code can be found out as soon as you look it up.

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Brothers, I don't have a hard value, my brother is very likable, and I can feel that he has a high mass base in Japan, and he is a bright spot among the elderly.

On December 29, 1989, the Nikkei 225 index reached an all-time high of 38,957 points, and just when the market generally believed that 40,000 points was not a dream, the bubble began to burst.

Looking back over the past 30 years, the Japanese stock market as a whole has not performed well (it has not yet reached a new high), but it is not that bad, because the Nikkei 225 index does not include dividend income, which has a significant impact over the past 30 years.

Secondly, the main culprits that have dragged down Japanese stocks for so many years are mainly financial real estate stocks. In the real economy, after the bursting of the real estate bubble, the indirect financing system with banks as the main body could not find suitable channels for credit expansion, M2 never got up, and the money multiplier continued to decline.

P.S. After the subprime mortgage crisis in '08, the U.S. financial sector continued to underperform. After 2010, the growth rate of M2 in mainland China continued to decline, the valuation of the banking sector continued to hit a new low, and the stock price continued to underperform the market.

The technology, consumer, and healthcare sectors in Japanese stocks have all achieved structural bull markets, significantly surpassing their all-time highs in 1989.

The "Shareholder Preferential Treatment Plan" featuring Japanese stocks is equivalent to an additional layer of shareholder benefits in addition to dividends - which has also become the foundation of Uncle Kiritani's life in his later years.

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I am also influenced by Uncle Kiritani and others, and I feel that the elderly with stable cash flow, less hard expenditure, and stable life and mood are really suitable for long-term investment, so I specially collected a few similar stories and made a podcast on pension financial management for my mother, hoping that she will create a combination that continues to release stable cash flow, and the 50W principal can almost release 2.5~3W cash, which is similar to her pension.