Big Bull Badshah of Dalal Street Rakesh Jhunjhunwala needs no introduction he is known as stock guru and warren buffet of India. He didn’t become badshah in a single day.it is his determination to learn, patience for observation, and his passion of trading towards investment,He is also sometimes referred to as ‘The Golden Hand’ of Indian stock market. People believe that everything he touches (invests) turns to gold. So is his popularity that there are people who track his portfolio and invest in the same companies that he invests. So, what’s his secret of success? What are his investment strategies which have made him a billionaire?
Rakesh Jhunjhunwala was born on 5th July 1960. He father was an Income tax officer. His father was interested in stocks and used to discuss the stock market with his friends. Rakesh as a child would listen to them. Once he asked his father why the price fluctuate. He told him to check the news, it makes the price to fluctuates. This was his first lesson of stocks market. He got fascinated by stocks and found it interesting. He expressed his wish to get into the stock market to his father. He told him to do whatever he wanted in life but at least get professionally qualified. Rakesh then took up chartered accountancy and completed his CA in 1985.
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Let's see what we can learn from him.
1) Search for Value
Rakesh Jhunjhunwala believes in value oriented companies. He has his team who help him in finding companies which offer value in the long term. If the stock prices of these companies are higher now, he tends to wait a bit, but finally gets his hands on them. Before buying a stock, he closes studies the management style, growth potential, competitive nature and many more factors.
2) His believe in India’s Growth story
Jhunjhunwala says he is bullish on the country growth since he entered the stock market. He insists the Indian economy will grow by 9-10 percent, though that may need a transition of two to three years. Jhunjhunwala’s thesis is that Indians will save $1 trillion a year, and even if 10 percent of that money—$100 billion —flows into the markets, there will be a tsunami on the bourses. “So I remain bullish that, for the next 20 years, we could see a bull run like the one Wall Street had from 1987.
3) Buy for long term
Though he is investing in the stock market, he is not a short term trader. He invests in stocks for the long term. And it has paid off for him. Some of these stocks have multiplied his wealth over the years. Had he sold them the moment they appreciated by 10-20%, we wouldn’t have been talking about him now.
4)Consistency
If it’s done once, it could be a lottery. But if it’s done again and again, we call it consistency. This is what Rakesh Jhunjhunwala is known for. He consistently invests in the stock market irrespective of the conditions. The quantum or strategy of investing can differ based on those conditions but he has never left his belief that stock market will always deliver for you if you do everything right.
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