Up and coming investors should read this story

April 12, 2018 Finance Talk Valli Sarvani No comments

The majority of people feel most secure when they are working a job to earn their money. However, this is not the case with 37-year-old investor Dhwanil Desai.

Desai was originally educated as a chemical engineer. He earned an MBA (Master of Business Administration) degree from the University of Akron in Ohio.

He almost ended up as a consultant in one of the Big Four consultancy firms. However, Desai eventually turned his interests to investing.

In 2007, he returned from the United States and joined a consulting firm. He had some time on his hand and some surplus that he could invest.

In 2009, the market was in a lull period, so he decided to experiment with gaining some first-hand knowledge in the market.

Desai’s experiment worked in the end, and it made him shift his interests to the market.

He read about Warren Buffet, a famous investor, and his ideas about wealth creation. Since then, he has made investing his full-time profession.

However, the transition from consultant to investor was not easy for Desai.

He continued to do consulting work to meet his cash flow requirement for some time.

Eventually, he was able to give up on consulting and make investing his full focus.

Since then, Desai has profited off of both his investments and his decision to become an investor.

Peer investors have noticed him for the multibagger ideas he has spotted over the past 10 years.

He has made money in Amara Raja Batteries, Ajanta Pharma, Atul Auto, and Mayur Uniquoters, but he does not hold these stocks now.

However, he still holds his stocks in Cera Sanitaryware and Piramal Enterprises, which have generated a great deal of money for him.

With Desai’s dedicated interest to his field and his ability to understand and explain the prospects of companies’ products, he is certainly an investor to admire.

Image Credit: 401kcalculator.org / CC BY-SA 2.0