Last Year Rakesh Jhunjhunwala had an honest conversation with a famous daily over various aspects of career, Life and prosperity.
Indian ace Investor Rakesh Jhunjunwala passed away in the morning. He left behind wife Rekha Jhunjunwala and three kids Nishita and twins Aryaman and Aryaveer. Recently in a candid chat for a noted daily, when Shradha Kapoor asked him for some advice for the beginners in the stock market. His answer was nothing less than practical. According to him, the stock market is a full-time work that requires regular time to time monitoring. Therefore before investing, Rakesh Jhunjhunwala’s advices beginners to make informed decisions and not rush. According to him people don’t pay serious attention to buying stocks as much as they do when buying a house or other regular income plans. For the unversed #Rakeshjhunjhunwala is one of the known name in the Investment Market. Here’s one of his interviews with BQ Prime as he discusses the difference between a Trader and an Investor.
Rakesh Jhunjhunwala’s advices beginners, shares them his valued tips
Rakesh Jhunjhunwala’s 4 Tips for Beginners
During one of his candid interview with Bollywood star Alia Bhatt, he candidly compared the stock market with a woman, commanding, secretive and ever-changing. He also shared that the market is largely psychological and hardly reality. He advised the beginners to value the market always and never try to go averse to it.
- Long term Investments: According to Mr Jhunjhunwala, one should provide their investments time to mature. Merely picking up great stocks would not be of use if one does not hold for long time. Also he suggested that Mutual Funds is a great investment and gives good returns over seven years time.
- Emotional Investments: If you are to go by Jhunjhunwala’s rule book , avoid emotional investments. A sure way to doom in the stock market, emotional investments could lead to bulk buying during bullish market or skeptical buying during bearish market. According to the expert, selling during recession costs only loss or result in high stock inventory when the market is doing great. In either case you would be at a loss. Thus it is crucial to take decisions with prudence. expensive.
- Proper research: Mr Jhunjhunwala urges all to conduct prior research before investing in stocks. Especially for the beginners he has a word of advice to never put their hard-earned money without consultation. One should only seek advise from a trustworthy source. Stock markets should not be seen as a fast way to make money. One should be cautious in investment even if your dear ones give you advice. Rely only on Research and Analytical. However, in the event you are not able to do so, the safest bet is Mutual Funds.
- Avoid Overdependence on Historical Data: Last but not the least, he advices beginners not to invest in the present looking at the past data. Markets are subject to change as they are extremely volatile. One is likely to commit irrational errors and can make you hold on to non-performing stocks and incur you additional losses.
There is no doubt that passing away of Rakesh Jhunjhunwala is a huge loss. His tips are recognized worldwide and many leading investors follow them. Last but not the least be careful of the warning that comes with all Investment Instruments.
All investments are subject to market risks
Word of Advice
Also read: Top 5 Rules That Will Make You A Crypto Investment Ninja in 2022