Stocks News
- Boy, 10, earns tuition fees on stock market
Date: 16-May-2007 Sources: (Shenzhen Daily)
A 10-YEAR-OLD Shenzhen boy has earned enough money by investing on the stock market in just three months to pay his tuition fees, the Southern Metropolis Daily reported yesterday.
Yin Hang showed an interest in stocks at the age of 3 by paying special attention to financial news. By 7, he had started offering his parents investment suggestions. At 10, he bought his first shares and in three months had earned enough to pay his primary school tuition fee.
Yin, a pupil with Nanshan Foreign Language School, said buying stocks was merely an 'interest?for him.
Yin's mother, known by surname Zhou, attributed his interest in stocks to her 'prenatal education.'When she was pregnant, her job was to prepare data for her firm's listing on the stock market.
Yin has been very sensitive to stock information ever since he was born, recalled Zhou. He has a hot temper, but stock and market news on TV can calm him down immediately.
In 2004, Yin, then 7, suggested his mother buy shares of the Overseas Chinese Town (OCT), after he had played and saw many tourists at Happy Valley, a theme park it owns.
Zhou first turned a deaf ear as the nation was experiencing a bear market. But she finally bought the stock to satisfy the boy - and earned a lot.
'From then on, I began to believe him,'said Zhou, adding that the family followed Yin's advice on stocks.
In January, Yin's father gave him 14,000 yuan as a start-up fund, split 80-20 between father and son. Yin bought shares of three firms. In three months one of his stocks had nearly doubled in value.
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