Whenever we talk about value investor in India, the first name comes to mind is Warren Buffett or Rakesh Jhunjhunwala. But there are many more gems one of them is D.Muthukrishnan.
Not everyone in this world can be a business tycoon or have a top-tier position in a big corporation. Most of us will have to live a middle-class lifestyle.
People like D.Muthukrishnan showcase that even if in the short-term we don’t do something great in the long-term everyone can win with little patience and hard work.
History
While studying in college, he got attracted to the stock market. Being from a very low-income family and naively thought that the stock market is a quick way to get rich.
So, he joined a stockbroking firm in Madras Stock Exchange (MSE) which allowed him to read financial newspapers, business magazines and also interact with many investors. That kindled his interest to take up a career as a personal financial advisor.
But destiny had a different plan. After the start of the National Stock Exchange, many small broking houses had to shut down and he lost his job. At the same time, in the second half of the nineties, the BPO industry in India had started coming up. He got an opening and soon found himself progressing well into his new job.
With his many innate interests in investing and personal finance, he used to give financial pieces of advice to many colleagues. They found his inputs very useful and also encouraged him to share more.
This went on for a decade.
Though he was getting paid well, various factors including the odd working hours, continuous travel, and stringent timelines started to take a toll on health. By then he was married and discussed with his wife about pursuing his passion in personal finance and becoming a financial advisor.
Being high savers, by the age of 34, we had a house, no loans, and also had a corpus worth 10 years of expenses. Since his wife continued to work (she quit after our son was born 6 years ago), she encouraged him to become a full-time advisor. He took up the CFP (Certified Financial Planner) certification and then started his practice about 11 years ago.
Life-Changing opportunity
Working with the stockbroker as an accountant and delivery staff. His stockbroker asked him to apply and sponsored the 3 years part-time MBA with IFRM (Institute for management and research).
With all this hard work it took him almost two decades to reach the top of the pyramid from the bottom.
Today
Today, he is a Chennai-based Certified Financial Planner (CFP) and the founder of Wise Wealth Advisors, a financial advisory firm that helps clients to build and manage their wealth. He is famous on tweeter as Muthuk Sir. He calls himself an amateur investor on his Twitter and is very active on tweeter.
His investing philosophy is very well known to people and he has more than 247 K followers on Twitter. His tweets about savings, debt, and long-term investing are well received and appreciated by people from India and abroad.
His investment strategy is influenced by Prof. Sanjay Bakshi (his writings on quality), Terry Smith, and Nick Train.
Defining his investment strategy as follows (influenced by Terry Smith)
1) Buy quality companies
2) Expect to hold for 10+ years
3) Try not to overpay
4) Keep track
5) Sell rarely
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