Ingeborg Mootz – age is not a barrier, but a great opportunity

The success story of the famous old woman Ingeberga Mootz is not just a historical fact, but yet another confirmation that age and even experience are irrelevant when it comes to achieving success in the stock market; the main thing is to set a goal and move towards it by leaps and bounds.

Today, it is called the most honest investor in Germany, and this is not just a laurel.

Just imagine, she managed to make money where everyone was losing, and she doesn’t have any insider information, but looks at the news from regular newspapers and makes all her purchases through an old phone.

If you think about it, most retirees her age give up and live out their lives modestly, but Ingeborg Mootz managed to earn money where people with specialized education, young and ambitious people lose.

Despite her fame and phenomenal success, Ingeborg Mootz's life was very difficult. She was born and lives to this day in the small German town of Giessen. Judging by her recollections, the family had many children and very little money.

Recalling the interior of her home at that time, she describes it as something gray and uncomfortable, with pictures of deceased relatives hanging on all the walls, and the furnishings themselves immediately speak of the difficult life of its residents.

When Ingeborg Mootz got married, she hoped to escape the vicious cycle of poverty, but the opposite happened. Sure, her husband earned enough, but he was so frugal that if he was asked for a certain amount for shopping, he would always give half that amount, always accompanied by mistrust and reproach.

The most interesting thing is that her husband forbade Ingeborg Mootz from going to work, claiming that a woman should be a housewife, but at the same time did not provide her with the support she needed.

One day, the future speculator grew impatient with her husband's restrictions on her work and boldly declared that if he wouldn't let her work, she would start trading on the stock exchange. Her husband took his wife's zeal seriously and bought shares, but never said anything about it.

After his death, Ingeborg Mootz, already in her old age, went through her husband's things and discovered shares of the German concern VEBA, the value of which exceeded 40 thousand German marks.

For her, this was a sign from above, and after holding onto the securities for another year, she sold them and earned a 100 percent profit. Many would probably have stopped there, but for her, it was a start. With her initial capital, she began buying up shares in Commerzbank and IKB, and within another year, she managed to earn a 130 percent profit.

Relatives, noticing the old woman's success, began regularly asking her for stock buying advice, and her niece directly asked for help raising money to buy a new house. Ingeborga readily accepted her niece's request and, together, earned $100,000 to buy the new house.

The most interesting thing is that she doesn’t use a computer, but gets all the information she needs from the morning newspaper over a cup of tea, after which she gives orders to purchase the assets she needs over the phone.

Trading strategy

When it comes to her strategy, she relies strictly on her intuition and works exclusively with bank stocks. One day, Ingeborga offered to sell shares of a famous bank to her colleagues. They, seeing a lucrative opportunity, were perplexed by the newcomer's stupidity and immediately bought up the entire stake.

Imagine their faces when, less than six months later, the company's stock price plummeted, and Ingeborga emerged unscathed, earning a tidy profit. When choosing stocks, she pays special attention to dividend yields, as her main rule is to hold shares for at least one year, but no more than two. 

Another unique characteristic of hers is that she doesn't chase money. As she says, "I own stocks, but not money." Her primary goal is to build a successful portfolio for a good life through dividend payments, and short-term stock price fluctuations are of no concern to her. Today, Ingeborga actively trades, conducts various master classes for retirees, and enjoys the rich life.