Shi Kunsen, who is almost a hundred years old, is known as the "master of the stocks" in Hangzhou, Zhejiang province because of his accurate analysis and eighteen years' experience trading stocks, reported thepaper.cn on Tuesday.
This June, with everyone excitedly investing in the bull market in China, Shi cleared out all his stocks just in time to dodge the two slumps of the stock market on June 19 and June 26.
He said his favourite activity is analysing stocks and grading them. The higher rated the stock, the more likely he is to buy it. He admits he started this hobby after he retired when he felt empty and bored. He believes investing in stocks exercises his brain and helps stave off Alzheimer's.
Shi believes investing in stocks is all about not losing money rather than making a lot of money and he never invested more than he could afford.