Rakesh Jhunjhunwala’s 5 investment strategies which can make you rich
Rakesh Jhunjhunwala’s 5 investment strategies which can make you rich
Noted investor Rakesh Jhunjhunwala, who left for his heavenly abode this morning, was an optimist who always believed that 'the best (of the market) is yet to come'.
He became the Big Bull of the stock market by believing in the Indian market and his investment strategies.
He became the Big Bull of the stock market by believing in the Indian market and his investment strategies.
Here we take a look at the five investment strategies of Rakesh Jhunjhunwala which made him super rich and what he was:
1. Buy right, sit tight
Jhunjhunwala always believed in ‘buying right and sitting tight’. That is, do your own research, buy the right stock and then keep sitting on it till an opportune time.
2. Never get emotional about your stock ideas
When Rakesh Jhunjhunwala turned 50, he was asked by a reporter whether as an ace investor, he (sometimes) gets emotional about any of his stock ideas
3. Patience is the key to success
According to Groww, Jhunjhunwala didn’t become a money magnet in a day. It took years of research, diligence, and having his skin in the game to reach where he was.
4. Buy when others are selling and sell when others are buying
Jhunjhunwala always believed in going against the tide. He used to say – “Buy when others are selling and sell when others are buying.”
5. Never invest at unreasonable valuations
‘Never invest at unreasonable valuations. Never run for companies which are in limelight’ – this is what Jhunjhunwala used to say.