Elderly Villager's Rs 100 Crore Investment in L&T and UltraTech Shares Creates Stir
What garnered widespread attention was the astonishing revelation that he held shares valued at a staggering Rs. 100 crore!
image for illustrative purpose
The embodiment of simplicity came to the forefront in the form of an elderly gentleman residing in a rural village, showcasing that simplicity is indeed a conscious choice. What garnered widespread attention was the astonishing revelation that he held shares valued at a staggering Rs. 100 crore! Yes, you read that correctly. In a viral social media post, this unassuming man, adorned in humble regional attire, engaged in a conversation in his native language with someone behind the camera. During this exchange, he openly shared the names of the shares he owned along with their corresponding investment amounts.
As they say, in Investing you have to be lucky once
— Rajiv Mehta (@rajivmehta19) September 26, 2023
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
@connectgurmeet pic.twitter.com/AxP6OsM4Hq
The caption accompanying the viral post, shared by the user 'X' named Rajiv Mehta, unveiled the details of his holdings: "He is holding shares worth…₹80 crores in L&T…₹21 crores worth of Ultratech cement shares…₹1 crore worth of Karnataka bank shares. Still leading a simple life."
Furthermore, the gentleman disclosed that he receives an annual dividend income of approximately Rs. 6 lakh from his investments. This revelation left the internet in awe, with many users swiftly calculating the dividends he must be accruing from his substantial investments.
Commenting on this remarkable story, one user underlined, "That's the Power of Simplicity, the Power of Compounding over time, and the wisdom of staying clear of Panic Selling. Investing can fundamentally alter the dynamics of wealth creation."
Another user commended the man, stating, "It's heartening to witness a simple man with a remarkable stock portfolio."
However, some users raised pertinent questions about the practical utilization of wealth. One individual expressed, "Leading a simple life is admirable, but it's crucial to ascertain whether he's enjoying the benefits of his wealth. If not, then his investments and wealth may seem futile."
Another perspective was shared by someone who pointed out, "What's the purpose then? Money is akin to fuel; having an abundance in the tank with no purpose is meaningless. Simplicity is one facet, but being unable to spend on oneself is another. Many accumulators find transitioning into a spending mode challenging when they've amassed enough."
