Move over Warren Buffet: Meerut investor's claims 54% annual growth on ?29 LPA income in matrimonial ad
A viral matrimonial ad from a 26-year-old Meerut-based investor claims his ?29 lakh annual income is "compoundingly increasing" by 54% yearly. The investor offers a 16-slide PowerPoint on safe investing to potential matches.
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?
What all bull market does to people. Rough calculations show that he was 10 year old when 2008 GFC hit us.
¡ª Samit Singh (@kumarsamit) October 6, 2024
?@ActusDei? - maybe someone from your team should reach out to him. Not for matrimonial but for that ppt! ? pic.twitter.com/9jAquIy1co
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.
Girl should be a short seller so that they can build an all-weather household!
¡ª Kapil Bhatt (@KapilV_B) October 6, 2024
Sahi mein ppt wala hai.
¡ª Manjeet Singh (@manjeet1972) October 6, 2024
Guy is trying to get double benefits from the advert. Shadi bhi ho jayega aur ppt bhi chal jayega pic.twitter.com/6aQ89UK6bk
Beware - Probably phishing attempt! There are several tell-tale red flags!!
¡ª Nilesh (@nilesh_hkg) October 6, 2024
5'11.25" shows how accurate he is upto two decimal places.
¡ª Ajay Rotti (@ajayrotti) October 6, 2024
59% Compounding - boss this guy will beat Buffett very soon !
¡ª CA Puneet Agarwal (@banyanfa) October 6, 2024
What do you think about this? Tell us in the comments.
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