Old man from a village reveals he has almost Rs 100 Cr worth of stocks, people react
The man revealed he holds L&T shares worth 80 crores, Ultratech Cement shares worth 21 crores and Karnataka Bank shares worth 1 crore.
An old man sent shockwaves across the internet after he revealed in a viral video that he possessed shares worth Rs 100 crores in a conversation with a man who was recording the video. The old man dressed in a modest regional attire, engaged in a conversation in his native language with the man when he revealed the names of the shares he held and the corresponding investment amounts.
As revealed in the viral post by the ‘X’ user Rajiv Mehta, the caption unveiled his holdings: “He is holding shares worth…₹80 crores L&T…₹21 crores worth of Ultratech cement shares…₹1 crore worth of Karnataka bank shares. Still leading a simple life.”
The man also revealed that the old man told him that he earned a dividend of Rs 6 lakhs every year. This revelation astounded the people on the internet and left them reacting to it and calculating the dividends he must have accrued from the investments.
Commenting on this, one user emphasised, “That’s called the Power of Simplicity, the Power of Compounding over the period & staying away from Panic Sell. Investing can change the paradigm shift of wealth creation over other factor.” Another user praised the man, saying, “Nice to see the simple man has nice stocks in portfolio.”
Meanwhile some doubted the amounts and questioned the accuracy of the numbers.
“The numbers need to be corrected. Dividend should be more than what he tells. But if the holdings are true, nothing more is required to live humbly in village,” said another. This sentiment was shared by many others who remained uncertain about the figures mentioned both in the caption and by the man himself.
Meanwhile individuals even raised valid concerns about how money should be put to practical use. One wrote, “There is nothing wrong in leading a simple life, but whether he is enjoying his wealth is important. If not, then his investment and wealth are useless.” Another perspective was shared by someone who stated, “What’s the point then? Money is like fuel, what’s the point if you have a lot of it in the tank and no use for it? Simplicity is one thing but not being able to spend at all on yourself is another. See many accumulators find it very difficult to move to spending mode when they have enough.”
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