Last Updated:January 12, 2026, 21:19 IST

An Indian IT professional built Rs 9 crore in 20 years via disciplined equity and mutual fund investing, earning praise for his financial freedom story./

By 2026, his annual salary had grown to about Rs 65 lakh, while his investment portfolio had swelled to nearly Rs 9 crore.

Whether salaried employees or business owners, most Indians worry about how to build a financial cushion for life after retirement. While many continue to favour conservative investment options, a recent post by an IT professional on Reddit has struck a chord online, offering a compelling counter-narrative built on discipline and long-term investing.

The now-viral post details how the engineer accumulated a corpus of nearly Rs 9 crore over two decades, without inherited wealth, overseas income, stock options or windfall gains from real estate. Describing himself as an “average guy working in IT industry”, the 47-year-old said he began his career in 2005 with an annual salary of Rs 3 lakh and no investment portfolio to speak of.

According to the post, the professional invested in equities from the very beginning of his career, avoided fixed deposits, lived frugally and consistently channelled a significant portion of his income into stocks and mutual funds. He was the sole earning member of a family of five throughout this period. “No onsite/dollar earnings though travelled to multiple countries from company/self,” he wrote, adding that his approach remained unchanged even as his income rose over the years.

By 2026, his annual salary had grown to about Rs 65 lakh, while his investment portfolio had swelled to nearly Rs 9 crore. Of this, around Rs 8 crore is invested directly in equities and about Rs 1 crore in mutual funds. He claims his portfolio has delivered an average annual return, or XIRR, of roughly 21%, an exceptional figure by market standards.

“No ESOP. Salary is pre-tax. Each year there was some extra bonus/awards as usual,” he further wrote, saying that he was the only earning member in a family of five.

The IT professional attributed his success largely to the power of compounding. “This is pure compounding with 21% XIRR. The magic happens after 10-15 years. I still hold many shares for decade,” he wrote. He also noted that he invested his annual bonuses in the market and now earns close to Rs 6 lakh a year in dividends from his equity holdings.

The post has drawn widespread praise on social media, with users calling it a rare and honest account amid stories dominated by overseas earnings and startup windfalls. “21 percent XIRR is insane, can you please guide us on this,” one user commented.

Another wrote, “A true story of a common Indian IT professional. Thanks for keeping it real.” Yet another said the post stood out because it showed that financial freedom is possible in India through disciplined spending and long-term investing.

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The price of gold has soared to a new record high as concerns about fresh threats to the independence of the US central bank fuel demand for the asset.

The metal climbed by around 2% on Monday morning to a high of 4,600 US dollars (£3,415) per ounce, beating a previous record set in late December.

Rising gold prices typically indicate that investors are seeking out so-called safe haven assets.

These tend to carry less risk than other investments, such as stocks and shares, and often outperform financial markets during periods of turbulence.

Gold prices have shot up by about 70% over the past year, strengthening against broader economic and political uncertainty.

The latest rush to the precious metal came after US central bank chairman Jerome Powell said it was being threatened with a criminal indictment over his testimony about renovations at Federal Reserve office buildings.

It represents a significant escalation in President Donald Trump’s criticism of the Federal Reserve and its decisions not to cut interest rates as quickly as he would prefer.

Mr Powell said in a video statement that the threat of criminal charges undermined the Fed’s role and questioned whether monetary policy will in future be “directed by political pressure or intimidation”.

The news stoked fears that threats to the independence of the central bank were becoming more severe.

While gold prices soared, the US dollar was weakening against key currencies.

The pound was up by nearly 0.5% against the US dollar on Monday morning, to 1.346.

The euro was also up by about 0.4% against the US dollar, at 1.168.

Susannah Streeter, chief investment strategist at Wealth Club, said Wall Street has been “rattled by what’s being viewed as another assault on the independence of the US Federal Reserve”.

“It certainly marks a sharp escalation in the Trump administration’s criticism of the Fed and is unnerving investors given that an independent central bank is considered to be crucial to maintaining sound monetary policy, especially at a time when the mounting US debt pile is coming under scrutiny,” she said.

Chris Beauchamp, chief market analyst at IG, said the dispute “represents a major crisis for markets and has the potential to restart worries about the dollar and US monetary policy”.

The UK’s FTSE 100 took a step back after enjoying a run in recent weeks, having hit new record highs and surpassing the milestone 10,000 mark for the first time.

It was more or less flat by mid-morning on Monday at about 10,123 points.

Barclays was among the biggest fallers on the FTSE 100 on Monday, with its share price down by about 2.5%.

The UK-listed bank has been caught up in the reaction to Mr Trump calling for a one-year cap of 10% on credit card interest rates.

The president said Americans were being “ripped off” by high interest rates on credit and they should be limited from January 20.

Russ Mould, investment director at AJ Bell, said Barclays was one of the largest issuers of credit cards in the US.

“While consumers would love to see lower rates on credit cards, Trump may not be able to enact such a move without approval from Congress,” he said.

“It also raises questions about the knock-on effect of a cap on credit and whether a drop in associated earnings for lenders could lead to reduced availability of credit in general, forcing some consumers and businesses to seek more costly alternatives.”