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Rakesh Jhunjhunwala: Nine tips from the ace investor

Rakesh Jhunjhunwala is one of India's most successful investors and has amassed wealth through his astute stock picks

  • Last Updated : May 17, 2024, 14:11 IST
'I am not afraid of making mistakes. But my mistakes were those that I could afford. That's very important: mistakes will happen but you must ensure that you keep them within limits you can afford.'

“Don’t let emotions drive your investment decisions” – Both panic-sale behavior and pumping money during a market rally are examples of emotions overriding investment fundamentals. You will miss out on the chance to buy cheap if you sell when the markets are down.
Hybrid funds saw the highest net inflow for the month ending june
“Never put your hard earned money without proper research” – Markets work on fundamentals and require due research before you start investing. Hence, make sure to study about the company to evaluate its growth prospects and don’t foray into stocks on friend’s tips.
“Look for companies with a competitive edge.” Here the big bull is suggesting to invest in companies that must have developed some edge over its competitors, which is hard but not impossible for others to copy take.
“Invest your own money not borrowed from others”. He suggests everyone, especially new investors to only invest their own money as repaying debt may spoil your life incase of losses.
“If you want to be a good trader and a good investor, then do one thing: keep the two apart. Don’t let one drive decisions for the other. I don’t mix my trading with investment”
“For becoming a successful investor you don’t have to be right all the time”. He ultimately wants to say that instead of worrying about being wrong, you should focus on finding the next big opportunity that has the potential of generating immense wealth.
“Go big on your conviction”- If you want to make serious money from the market, you cannot be afraid to take even a moderate amount of risk. So get educated about the market first and then don’t be afraid to take calculated risks.
“Life is not about regrets, it’s about learning.” He says you should learn something new from your mistakes as those learnings will make you a better and more mature investor.
Published: July 1, 2021, 20:32 IST

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