{"id":1916,"date":"2021-01-01T00:00:00","date_gmt":"2021-01-01T00:00:00","guid":{"rendered":""},"modified":"2025-11-10T15:53:14","modified_gmt":"2025-11-10T10:23:14","slug":"chapter-two-hare-tortoise-story","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/chapter-two-hare-tortoise-story\/","title":{"rendered":"Chapter Two Of The Hare And The Tortoise Story"},"content":{"rendered":"
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Once upon a time the hare and the tortoise had a race. We all know this story, right? After all, it was our favourite story amongst all which we heard from our grandma. The story concludes with tortoise winning the race.<\/p>\n\n\n\n

Moral of the story: Slow and steady wins the race<\/strong>.<\/p>\n\n\n\n

But nobody knows what happens after the tortoise wins the race. So here it goes… The hare could not get over the fact that he was defeated by none other than the slowest animal \u2013 tortoise. Feeling enraged and dejected, he visited the tortoise\u2019s abode the next day. \u201cYou won the race, but that was completely out of sheer luck. I took a nap and that\u2019s the reason you could reach the finish line before me,\u201d yelled the hare. \u201cYou are wrong. I won the race because of your overconfidence,\u201d replied the tortoise in a timid voice. \u201cOk, let\u2019s have another race. This challenge would be different from the previous one. It\u2019s a race about who gets richer faster. Let\u2019s meet again after 10 years and see who has more money,\u201d said the hare in a loud confident tone. \u201cI don\u2019t need to prove you anything, Mr. Arrogant. However, if you still insist, I am up for a game,\u201d replied the tortoise optimistically. Listening to this, the hare walked out of the tortoise\u2019s home with the desperate desire to vanquish tortoise this time. On his way, he thinks, \u201cSuch a nincompoop animal. I earn more than him. This race belongs to me. He will never be able to defeat me.\u201d With such thoughts, he starts feeling powerful and pompous. Meanwhile, the tortoise goes to the bank and deposits INR 10,000 on the same day. He creates a strategy. \u201cHare earns more than me. Starting this month, if I save INR 10,000 every month and invest it in bank\u2019s fixed deposit account giving me a 10% interest, I should be able to save enough to give hare a tough competition.\u201d Hare in his treacherous ignorance mode, is unaware of the tortoise\u2019s plan. After 5 years, he finds tortoise visiting the bank. He starts stalking him and discovers that tortoise had been depositing INR 10,000 in his fixed deposit account every month since the day of their challenge. “What if he deposits INR 10,000 every month? I still have 5 years in my hand. I will invest INR 25,000 every month at 10% p.a. This amount is more than double as compared to the tortoise\u2019s monthly investment. No one can defeat me,\u201d he laughs out dauntingly. After 10 years, they again meet at the tortoise\u2019s place. \u201cShow me the money you have accumulated in 10 years.\u201d Tortoise points towards the bag containing INR 20,55,685. Stunned and petrified, the hare throws his bag carrying INR 19,47,692.<\/p>\n\n\n\n

Tortoise \u2013 Our financial mentor and the lessons we learned from him:<\/h2>\n\n\n\n
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  1. He trusted the power of compounding<\/a>:<\/strong> Compound interest<\/a> is nothing but interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or a loan. \u2018Power of doubling or compounding\u2019 makes numbers grow. He invested INR 10,000 every month at 10% p.a. which was compounded on a quarterly basis. This helped him to create wealth over a period of 10 years.<\/li>\n\n\n\n
  2. Not giving up is the tortoise second nature:<\/strong> Tortoise knew that his challenger earned more than him. However, this did not deter him and instead, devised a strategy to win the race.<\/li>\n\n\n\n
  3. He started out early:<\/strong> When we invest early in our lives and hold onto it for along-term, the amount keeps growing at a specific interest rate. At the time of maturity, it becomes a big chunk all thanks to the magic of compound interest<\/a>.<\/li>\n\n\n\n
  4. He is the epitome of ‘Patient and Disciplined Investor’:<\/strong> Journey towards long term wealth creation <\/a>demands patience and consistency. If you continue to invest in a disciplined fashion for a longer period of time, you will be astonished by the wealth you have been able to create.<\/li>\n<\/ol>\n\n\n\n

    Want to ace the race like a \u2018Tortoise?\u2019<\/h3>\n\n\n\n

    If the answer is yes, then Research and Ranking<\/a> is the place you should visit before you start out on your journey towards wealth creation. Our dedicated research professionals suggest the best stocks to buy to create wealth over a long term. Research and Ranking creates a personalized portfolio which you can hold for a long term. These stocks generate the returns of 4-5 times in the interval of 5 years. To mitigate the risks associated with the Indian stock market<\/a>, we also monitor the recommended stocks on a timely basis and advise portfolio rebalancing, wherever applicable.<\/p>\n\n\n\n

    Read more: \u00a0How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Once upon a time the hare and the tortoise had a race. We all know this story, right? After all, […]<\/p>\n","protected":false},"author":5,"featured_media":1917,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/1916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=1916"}],"version-history":[{"count":3,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/1916\/revisions"}],"predecessor-version":[{"id":63356,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/1916\/revisions\/63356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/1917"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=1916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=1916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=1916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}