INVEST IN STOCK MARKET; MUMBAI GRANDMOTHER HAS CREATED WEALTH WITH HER PORTFOLIO WORTH RS.4 CRORES AT HER 77

By Kumud Bora

It was the news about an Indian Grandmother from Mumbai which was published online on The Wall Street Journal, India Real Time edition dated August 1, 2013. Mumbai resident Ms. Ashalata Maheshwari, 77 years old, a high school graduate, was introduced to stock market when she was 21 years old.

The sources states that she was given 1,000 shares of Grasim Industries Ltd., a textile company, as wedding gift by her father-in-law in the year 1954 and from that point of time, Ms. Maheshwari has been investing in Indian companies for 5 decades. Thus her investment has been grown up with 1,500 stocks making her portfolio worth around 40 million rupees ($660,000) at the age of 77.

Her confidence and faith with the consideration that the Indian stocks are the best investments over the long term made her a millionaire. According to sources, she stated that Reliance Industries is one of the best performing stocks in her portfolio along with Tata Motors Ltd., Tata Consultancy Ltd., Larsen & Toubro Ltd., Colgate-Palmolive (India) Ltd., etc.In an interview with The Wall Street Journal, she quoted, “Patience is the key to stock market investments.”

Ms. Maheshwari made a habit of putting more of her savings into stocks. She does not always believe in analyst commentary, TV shows, etc. and instead, she used to study companies’ financial statements, annual reports, and dividend and bonus history before deciding on whether to invest in a particular stock or not. She said, “Balance sheets will always reveal the truth.”

This Indian Investor Grandma, who owns a Stocks Portfolio worth Rs.4 Crores, should be the iconic source of inspiration and knowledge for investing in stock market, who also teaches us in taking right decision to buy the right stocks and hold them for long for creating wealth.
Source: Internet
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