Ace investor Shankar Sharma recently shared an intriguing financial success story — on how to build wealth without stock market investments. Sharma, who is also the founder of GQuant Investech, said that he advised his sister and brother-in-law against investing in stocks for decades. Despite their persistent enquiries about the stock markets, Sharma advised them to stay away from it.
In a post on X, Sharma revealed that they accumulated wealth through an alternative investment approach.
“My sis & bro-in-law live in a small town. Have pestered me for 35 years, ‘Tell us where/how to invest in stocks/MFs,” Sharma shared in his post.
So, what did he tell them? Instead of equity investments, he recommended a diversified portfolio focusing on fixed deposits, gold and land. “My Standard reply: ‘Stay away. This isn’t for folks like you at all. Put 40% in good FDs, 30% in Gold, 30% in raw land 25 km out of town,” he added.
Following this investment strategy, Sharma’s sister and brother-in-law managed to build significant wealth over time without worrying about economic fluctuations or market downturns.
“Today, they are stress-free, liquid & wealthy beyond dreams. Without knowing what’s RBI, who’s Guv, what’s US Fed, what’s Debt/GDP, what’s trade wars, what’s bourbon,” Sharma ended his post with this note.
Here’s his post:
