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A Meerut-based investor claimed his income of ₹29 lakh per annum is “compoundingly increasing” by 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.
The matrimonial ad for the “intellectual, handsome and smart” 26-year-old begins by listing 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 by 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 by the boy, explaining how Safe Investing makes him Financially Independent, will be sent by reply WhatsApp message,” the ad reads.
A picture of the ad was shared on X by former JP Morgan Executive Director Samit Singh, who achieved financial independence and retired in 2003.
The matrimonial ad raised many red flags, with some wondering whether it was a phishing scam.
A lot of X users were much amused by the claim of the investor’s income and net worth compounding by 54% every year. They called it unrealistic. 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 by 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.”