Searching through his father’s forgotten documents a man finds a treasure worth almost $1 million dollars: “The power of buying well”

An Indian man has found a life-changing fortune after discovering old stock certificates from JSW Steel, one of the country’s largest companies, which his father bought in the 1990s for around 100,000 rupees (about $1,168 today).

After holding the shares for 30 years, they are now worth almost $1 million, highlighting the importance of long-term investing and the returns it can generate.

The news was shared on X by investor Sourav Dutta, who echoed the story of a Reddit user (who has since deleted the story) who inherited the shares.

Some users have pointed out that the original investment was likely made when the company went public in the late 1990s. The increase in value was due to two corporate events in 2005 and 2017. However, the value of these shares is yet to be determined.

“A Reddit user discovered JSW shares his father bought in the 1990s for 1 liter of rupees (about $1,168 today). Today they’re worth 80 crores of rupees (almost $1 million). The power of buying and selling after 30 years,” wrote investor Sourav Dutta on X.

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JSW Steel Ltd. is a leading steel manufacturer in India, with a large domestic and international presence.

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