This is a True Example.
One Shareholder has invested Rs.18,000 in 100 Shares of Wipro in 1980 during it’s Public Issue (IPO). Today after 30 years, according to current market price of Wipro Shares the 100 Shares of Wipro in 1980 are worth of Rs.374 Crores after adding Dividends, Bonuses & Splits…..!!!!
This Shareholder is from place called Amalner, a small tiny town in Jalgaon District... where Wipro`s mother industy is located.
This is the power of compounding and investing for the long term in the fundamentally strong companies. Just tell me that how many people had subscribed the IPO of Wipro? Probably hundreds of thousands of people right? But How many of them stay invested in the same stock for full 30 Years? Well, Only 1 Person. And that 1 Person has made a fortune.
Many of you will argue that, but this is purely a luck. But well, this is not the luck, This is the best example of long term vision. If the fundamentals of the company don’t change than it’s not the time to exit from the company. So believe in long term investing and believe me, you will become financially free over the time…
Source : http://www.myjourneytobillionaireclub.com/2010/02/100-shares-of-wipro-in-1980.html