Investment Saving News – Rakesh Jhunjhunwala’s 5 Investment Strategies: Veteran investor Rakesh Jhunjhunwala passed away this morning at the age of 62. Jhunjhunwala was always optimistic and believed that the best time of the market is yet to come. He became the Big Bull of the stock market on the basis of Indian market and his investment strategies. Rakesh Jhunjhunwala was always very optimistic about India’s future prospects. He used to keep such companies in his portfolio, which would benefit from the rapid change and development in India. He was not only a trader but also an investor. He had the courage to trade against the market sentiment even in times of recession. Due to this, he also got huge profits on many occasions.
Here we will talk about the strategy of Big Bull, on the basis of which he has achieved this position. Let us know which are the 5 special strategies that Big Bull used to follow.
Invest In The Right Place And Wait
Jhunjhunwala always believed in buying right and waiting. He believed in doing your own research, buying the right stocks and then sticking with them. Have faith in the business of the company. Don’t take any decision in panic.
Don’t Get Emotional About Your Stock
When Rakesh Jhunjhunwala turned 50, he was asked by a reporter if as an investor he sometimes gets emotional about any of his stocks. In response, he said that if he had any feelings, they were for the children and his wife, and maybe for his girlfriend. He said that he never gets emotional about any of his stocks. This is the essence of Jhunjhunwala’s investment philosophy. Invest in the stock market (usually for the long term), but if you want to get rich, never get emotional about your stocks and sell at the right time when you need it.
Be Patient, Success Is Sure
According to Groww, Jhunjhunwala did not become so rich in a day. He has researched and worked hard for many years to reach where he is. Jhunjhunwala’s portfolio saw a correction of 25-30% several times, but he always used this correction as a buying opportunity.
Buy When Others Are Selling And Sell When Others Are Buying
Jhunjhunwala believed that one should buy when others are selling their shares and sell when others are buying. Thus, he was against the mob mentality and wanted the market investors to use their brains while investing.
Invest At the Right Valuation
Never invest at unreasonable valuations. Jhunjhunwala believed that never bet on the companies which are in headlines. Thus, whenever you see a stock trading at unfair valuations, avoid buying it. If you don’t do this, you can lose your hard earned money.
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