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.
As they say, in Investing you have to be lucky once
He is holding shares worth
₹80 crores L&T
₹21 crores worth of Ultrtech cement shares
₹1 crore worth of Karnataka bank shares.
Still leading a simple life#Investing
— Rajiv Mehta (@rajivmehta19) September 26, 2023
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.