hear the news
Expansion
The Big Bull of the stock market, Rakesh Jhunjhunwala, was called the Warren Buffet of India, the reason being that his way of investing was very similar to the well-known American investor Warren Buffet. The ‘Warren Buffet of India’ passed away early today (August 14). Following the advice of Rakesh Jhunjhunwala, who became the Big Bull of the stock market by investing Rs 5000, many investors became millionaires and are still frozen in the stock market. Jhunjhunwala always advised to take risks. Let’s know about his seven important advice…
Will have to invest heavily by borrowing
Rakesh Jhunjhunwala always used to say that never invest in the market by borrowing. They used to say that preconceived guesses are not always correct. In such a situation, if someone has invested in the market by taking money on credit, then he may have to suffer a loss.
invest yourself earning
Rakesh Jhunjhunwala used to advise new investors to invest in the market by earning themselves. Along with this, he often gave the example of his father who told him that if you want to invest in the stock market, then first earn yourself and then invest in the stock market.
always be ready to take risks
Rakesh Jhunjhunwala used to say that never be afraid of mistakes. He said that many decisions have to be taken before investing in the stock market. Sometimes the decision is wrong too, but if you are afraid then you will not be able to take the decision. He said, I also make mistakes. Along with this, he used to say one more thing that invest only as much, which can take the risk even if you lose in the short term.
Research is essential before investing
Before investing in any company, you should do a thorough research about it. He used to say that thorough research is necessary about the company’s business, balance sheet, its manager and upcoming plans. However, if you are doing intraday trading then there is no special need for this.
take your mistakes positive
The Big Bulls of the market often used to say that if you make a mistake in investing in the stock market, then learn from it. Don’t take them negatively. If you learn from your mistake, you will avoid making another mistake.
short term investment
Jhunjhunwala always talked about long term investment. For new investors, he used to say that if you want to stay here, then invest for the long term. It is necessary to give time for the money to mature in the market. He used to tell the investors that if they wait a little in the market, then the return will definitely be available.
don’t collect investment
Never invest full money in the stock market. Jhunjhunwala used to say that only a small investment guarantees better returns. While investing money in a single share, divide your money into parts and buy from time to time. If the stock goes down, keep buying. This will reduce the average of your purchases.
The current net worth of this veteran, who started investing in the stock market with just Rs 5000, is more than Rs 43 thousand crores. After investing in several well-known companies, Jhunjhunwala also invested in Akasa Airlines last week. The investment came at a time when most airlines are making losses. Even if market experts call it a childish investment, Rakesh Jhunjhunwala was the big bull of the market, who used to turn the soil into gold.