Who is Rakesh Jhunjhunwala?
Investor Rakesh Jhunjhunwala is known as Indian Share Market’s King and Warren Buffett 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 noses. He has brought himself to this position with his exact strategy that Rakesh Jhunjhunwala is inducted into the most affluent 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 the field of investment. If you are so scared of making a mistake, you will not be able to take a practical decision. If you want to be successful, then you have to decide 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 thing will take you far ahead. According to them, the best way to learn stock marketing is with Experience and Experience Mistakes. While making the 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. Analyze 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 take your mistake. And if you don’t accept the error, then you will never be able to learn anything.
Also see: Latest Rakesh Jhunjhunwala stocks pick: Here
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 spend 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 making 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 examine 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 right, then it is beautiful. But if you buy a stock after seeing any famous investor without examining that capital, then this is not good.