Move over Warren Buffet: Meerut investor's claims 54% annual growth on ?29 LPA income in matrimonial ad
In a weird matrimonial post, a Meerut-based investor claimed his annual income of ?29 lakh is "compoundingly increasing" by 54% per year. He even promised to send a PowerPoint presentation on safe investing to possible matches. The ad has gone viral on the social networking platform X, causing great hilarity.? ?
What did the investor's matrimonial ad feature??
The matrimonial ad for the "intellectual, handsome, and smart" 26-year-old begins with a summary of his physical characteristics and caste, as is customary in such advertisements. The advertisement indicates the individual's annual income is ?29 lakhs.? ?
¡°Investor (Indian stock market), earning 29 LPA (actual, present). Income and net worth compoundingly increasing every year by 54% (self-discovered, self-taught work),¡± reads the ad.
The advertisement goes to great lengths to clarify that the Meerut-based investor in the Indian stock market works in a secure and stable profession, even delivering a PowerPoint presentation on safe investing to possible matches.
¡°Investing is own work (Safe Business). A PowerPoint presentation (16 slides), created by the boy, explaining how Safe Investing makes him Financially Independent, will be sent by reply WhatsApp message,¡± the ad reads.?
Former JP Morgan Executive Director Samit Singh, who retired in 2003 after achieving financial freedom, tweeted a photo of the advertisement on X.?
How did people on the internet react??
The matrimonial ad sparked several red flags, with some suspecting it was a phishing attempt.A lot of X users were amused by the assertion that the investor's income and net worth compounded by 54% annually. They labelled it unrealistic. Compounding ?10 lakh over 10 years results in a total of ?5.5 crore.?
Here's what people commented.?
What do you think about this? Tell us in the comments.
To stay updated on the stories that are going viral follow?Indiatimes Trending.?? ?
