A Reddit user's discovery of JSW Steel Ltd. shares bought in 1990 for Rs 1 lakh, now valued at nearly Rs 80 crore, has highlighted the power of buying and holding quality stocks over decades.
Investors and market watchers are reflecting on the importance of patience and understanding business fundamentals for creating generational wealth in the stock market.
The story has sparked discussions about long-term capital gains taxes, the impact of stock splits, bonuses, and dividends over time, and the significance of not rushing to sell good businesses.
The Reddit post serves as a clear example of how investing in fundamentally strong companies can lead to significant wealth creation, emphasizing the value of long-term investment strategies over short-term speculation.