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HomeThePrint ValueAd InitiativeMeet 20-year-old stock trader Rithvik Thammareddy who beat Nifty50

Meet 20-year-old stock trader Rithvik Thammareddy who beat Nifty50

Rithvik said was he was able to achieve such a record due to a single stock, Tata Investment Corporation, which appreciated almost 52% compared to 23% of Nifty Index last year.

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Rithvik Thammareddy is a 20-year old stock trader based out of Hyderabad, Telangana. He said he got interested in the stock markets in 11th standard, when he came across an article written on Warren Buffett, who at that time was the world’s richest man.

He said, “I asked myself, if Warren Buffett became the richest man on earth by picking stocks I could do the same as well. He inspired me to dig deeper and learn more about the intricacies of business.” “Luck? Maybe” said Rithvik when asked about his amazing recent record.

He said, “ I try and find stocks that are trading at a steep discount to their net tangible assets” Rithvik said that his portfolio was able to achieve such an amazing record due to a single stock, Tata Investment Corporation, which during the last year appreciated almost 52% in comparison to the 23% of the Nifty Index.

When asked what his goals were? He said “One day I wish I can build my own version of Berkshire Hathaway.

He considers himself a newbie, and said that the stock markets are like a story book with no “last page”.

Rithvik is currently a student at Jain University in Bangalore, and follows the markets very closely whenever he gets the time. He has stated that he is very active on trading forums and from time to time takes part in discussions that happen on those conversation threads.

“I also enjoy reading books that are based on the stock markets, one book that I recently completed reading is called ‘The Outsiders – By William Thorndike’. The book provides many great lessons about how top CEO’s managed business risks. I think every student who wants to get into business should give it a read.”

When asked about his mistakes as an investor. Rithvik said that he wasn’t immune to mistakes and made a bad call on Yes Bank shares back in 2020. “I made a bad move by buying Yes Bank, It was actually the first stock I ever bought. I didn’t know anything about the company but went ahead and bought it. We all know how that story turned out. Luckily it wasn’t a huge sum of money and I was able to easily bounce back”.

When asked about his future, Rithvik said that he plans on pursuing the Chartered Financial Analyst(CFA) program after graduating from college.

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.) 

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