News Karnataka
Thursday, November 30 2023
Trending On Web

Simplicity meets wealth: The inspiring tale of a humble investor

Photo Credit : Twitter

In the world of stock market investments, discipline and patience are often touted as the keys to building wealth over time. The power of compounding, where investments generate interest, leading to further growth, plays a significant role in this process. Notable investors like Warren Buffett and Rakesh Jhunjhunwala have exemplified these principles, but they’re not limited to the elite.

A recent heartening story surfaced about an elderly man whose net worth soared to over ₹10 crore due to the magic of compounding. Holding 27,855 shares of L&T, 2,475 shares of UltraTech Cement, and 4,000 shares of Karnataka Bank, he boasts a significant fortune in the stock market. His annual dividends alone amount to ₹6 lakh.

The simplicity and humility of this millionaire caught the attention of netizens. Shared on social media by user Rajiv Mehta, the video highlighting the man’s story went viral. Despite holding shares worth crores, he continues to lead a modest life.

While some disputed the exact value of his holdings, the consensus remained that his story stands as a testament to the power of disciplined, long-term investing. His tale serves as an inspiration, proving that wealth creation is accessible to ordinary individuals through patience, discipline, and the marvel of compounding.

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Editor's Pick

Find the best odds at 10Cric and IPL Betting 2023! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp