Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Biography of Anne Scheiber
Investors and Entrepreneurs

Anne Scheiber: the woman who retired and became an investor

10.06.2022
2 min read

How Anne Scheiber managed to increase her capital by 440,000%

Anne Scheiber lived a long life, until the age of 101. She had no family and no children, and hardly anyone would have known about her if not for the woman’s passion. When she retired, she decided to invest in retirement, and she managed to increase her fortune by 440,000%, to $22 million.
Anne was born in Brooklyn in 1893. Her father died early, and her mother was forced to take care of nine children herself. As a result, only 4 sons received an education, and 5 daughters had to look after themselves on their own. At 15, Anne worked as an accountant and spent the money she received on her education – she earned a law degree. From 1920 and for the next 20 years, Scheiber worked as an auditor for the state Revenue Service. Her salary was about $4,000, and she did not advance in her career throughout her service, although she was considered an executive employee.
That said, Anne did not limit herself solely to work. As early as 1933, she tried her hand at investing. She invested most of her money in stocks, and entrusted their management to her brother, who served at the brokerage firm. However, the firm went bankrupt, and Anne lost money.Anne ScheiberDespite the failure, after retiring in 1944, the woman decided to take up investing again. She was able to save $5,000, but Scheiber denied herself and put away about 80 percent of her salary for this purpose. She opened an account in broker company Merrill Lynch, and began to actively invest money in stocks. She chose the companies with which she was at least slightly familiar, for example, from the pharmaceutical and food industries. Anne came to the shareholders’ meetings, carefully wrote down all important information, and then compared it with forecasts of Merrill Lynch analysts.
Scheiber was not eager to sell her stock quickly, and she preferred to invest the dividends as well. She was focused on the long term, and held securities for decades.
In 1980, a broker suggested that Anne buy bonds and notes that were not subject to taxes. So Scheiber first bought $40,000 worth of bonds – deferred dividend payments. Five years later, the woman’s portfolio was enriched with Apple and MCI stocks.
Moreover, Anne’s relatives did not know about her accumulated wealth. After her death, her fortune totaled $22 million, and only $50,000 of it went to her niece – the only one with whom she had contact. Sheiber bequeathed the rest of the money to Yeshiva University so that Jewish girls could be educated. The institution organized a fund that offers scholarships for talented girls.

Tags: Investors and Entrepreneurs
0
Previous Post How the German company Kärcher appeared: the main stages of development Next Post Stabilization of oil prices: a solution from the Japanese authorities

You Might Also Like

Muriel Siebert woman trader
Investors and Entrepreneurs
Muriel Siebert: the woman who changed the rules of the financial market
09.05.2023
Chamath Palihapitiya bio
Investors and Entrepreneurs
Chamath Palihapitiya: the secret to success of a renowned venture capitalist
17.02.2024
Billionaire Louis Bacon
Investors and Entrepreneurs
Louis Bacon: biography of an entrepreneur and philanthropist
22.11.2021
John Templeton
Investors and Entrepreneurs
John Templeton: renowned investor and respected philanthropist
27.08.2024
Jeffrey Gundlach
Investors and Entrepreneurs
Jeffrey Gundlah: a brilliant investor with outstanding mathematical skills
15.02.2021
Padmasree Warrior business
Investors and Entrepreneurs
Businesswoman Padmasree Warrior’s career path
26.09.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics