Meerut investor claims his ₹29 LPA income is compounding 54% every year in bizarre matrimonial ad | Trending
₹29 LPA income is compounding 54% every year in bizarre matrimonial ad§ion=Trending&subSection=&impression=true” width=”100%” height=”0px” style=”display:block” frameborder=”0″ scrolling=”no”> Oct 07, 2024 10:02 AM A Meerut-based investor claimed his income of ₹29 lakh per annum is “compoundingly increasing” 54 per cent every year in a matrimonial ad A Meerut-based investor claimed his income of ₹29 lakh per annum is “compoundingly increasing” 54 per cent every year and offered to send a PowerPoint presentation on safe investing to potential matches in a bizarre matrimonial ad. The ad is going viral on the social media platform X, where it has sparked much amusement. A matrimonial ad is going viral for its strange claims.(X/@kumarsamit) The matrimonial ad for the “intellectual, handsome and smart” 26-year-old begins ling his physical attributes and caste, as is the case with most adverts of this nature. It then segues into his income – which the ad claims is ₹29 lakhs per annum. “Investor (Indian stock market), earning 29 LPA (actual, present). Income and net worth compoundingly increasing every year 54% (self-discovered, self-taught work),” reads the ad. The ad takes great pains to explain that the Meerut-based investor in the Indian stock market is engaged in a safe and stable profession – even going so far as to offering a PowerPoint presentation on safe investing to potential matches. “Investing is own work (Safe Business). A PowerPoint presentation (16 slides), created the boy, explaining how Safe Investing makes him Financially Independent, will be sent reply WhatsApp message,” the ad reads. A picture of the ad was shared on X former JP Morgan Executive Director Samit Singh, who achieved financial independence and retired in 2003. Raising red flagsThe matrimonial ad raised many red flags, with some wondering whether it was a phishing scam. A lot of X users were much amused the claim of the investor’s income and net worth compounding 54% every year. They called it unrealic. For some perspective – an amount of ₹10 lakh would grow to ₹5.5 crore in 10 years if compounded. “Interesting! Compounding net worth at 54% percentage he will be the richest man in the world in no time,” joked one X user. “Bro lost me when he said he is compounding at 54%” another wrote. “54% Compounding – boss this guy will beat Buffett very soon!” CA Puneet Agarwal quipped. Some were amused the wording of the ad, calling it more like a business pitch than a piece seeking matrimonial matches. Others raised doubts about the “safe” part of his investing business. “It has option seller written all over it!” a user claimed. Another person said, “Bull market gives such overconfidence.” Get Latest Updates on… See more News / Trending / Meerut investor claims his ₹29 LPA income is compounding 54% every year in bizarre matrimonial ad
