Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala is known as Indian Share Market’s King and Warren Buffet of India. He started with the help of only 5000 rupees. And in today’s time, he has become the owner of nearly 280 crores USD today. The situation is such that Rakesh Jhunjhunwala can make a change in the market on his own alone. Because many investors bet on the market on their own noses. He has brought himself to this position with his exact strategy that he is inducted into the richest Indians of India. Rakesh Jhunjhunwala is currently the 53rd richest person in India.
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1. Don’t Be Afraid To Make Mistake
Never be afraid to commit mistakes in your life or in the field of investment. If you are afraid of making a mistake, you will not be able to take an effective decision. If you want to be successful then you have to take a decision in life and sometimes you make a mistake when taking a decision. Therefore, Rakesh Jhunjhunwala says that when you make a mistake then learn from those mistakes. That Sikh will take you far ahead. According to them, the best way to learn stock marketing is with Experience and Experience Mistakes. While doing stock market investment, many decisions have to be taken and there are many mistakes. But instead of blaming others, you learn from those mistakes.
2. Analyse The Company Thoroughly
Complete the analysis before investing in the company. While investing in a stock market, there is no successful investment if you pay attention to only a few things. You have to do inspection qualitative analysis along with quantitative analysis. You have to check the management of the company well.
3. Market is Supreme
Rakesh Jhunjhunwala says that the market is supreme. The market is never wrong or right. If someone is wrong or right then that is Investors. If the investors do not accept the idea that the market is supreme, then you will never accept your mistake. And if you don’t accept the mistake then you will never be able to learn anything.
4. Keep Your Trading and Investment Portfolio Separate
The first thing everyone should keep in mind while investing in the stock market is that if you want to invest and want to trade, keep your investing and trading portfolio separately. Do not mix them. At the same time, Rakesh Jhunjhunwala also says that what can happen in the worst case before doing every trade, and therefore already be prepared to deal with that worst-case. Take the risk as much as you can afford.
5. Stay Away from Stock Tips
Rakesh Jhunjhunwala says that stay away from stock tips as much as possible and focus on analyzing yourself by investing. If it is not possible for you to analyze yourself, then invest in mutual funds. If a famous investor has invested in a stock and you also analyzed that stock and you felt that stock is good, then it is fine. But if you buy a stock after seeing any famous investor without doing the analysis of that stock, then this is not good.