Rakesh Jhunjhunwala’s 5 investment strategies which can make you rich
Indian's Bull Rajesh Jhunjhunwala. He believed in India's future. Many of his investment decisions were predicated on India's tremendous growth and transition.
Here, we look at the 5 ways Rakesh Jhunjhunwala invested his money that made him very rich,
1. Buy right, sit tight
Jhunjhunwala believes in 'buying properly and waiting' Do your own homework, buy the proper stock, and then wait. Trust the business. Don't let panic influence your investments.
2. Never get emotional about your stock ideas
A reporter asked Rakesh Jhunjhunwala, who turned 50, if he gets emotional about his stock ideas. Invest in the stock market, but if you want to grow rich, avoid becoming emotional and exit when necessary.
3. Patience is the key to success
Groww says Jhunjhunwala didn't become rich overnight. Years of research, diligence, and investment helped him get there. Jhunjhunwala's portfolio corrected 25-30% many times, yet he consistently bought.
4. Buy when others are selling and sell when others are buying
Jhunjhunwala fought the current. "Buy when others sell and sell when others buy," he'd advise. He was against herd mentality and pushed investors to utilize their brains.
5. Never invest at unreasonable valuations
Invest at reasonable prices. Jhunjhunwala said, "Never run for limelight companies." Avoid stocks with exorbitant values. You could lose your money.