Rakesh Jhunjhunwala graduated in 1985 and started trading in full time stock market, then only 150 companies were listed in Sensex. According to an estimate, in the last one year, during the boom of the stock market, he has earned an average of Rs 59 crore every week. If they want, they can buy a Mercedes Benz or BMW car every hour from it.
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work on buy right and hold tight theory
Rakesh Jhunjhunwala says that everyone’s profit in a boom and everyone’s loss in a recession cannot happen. So it doesn’t matter whether I joined the list of global Kubers or not. The truth is that I enjoy my work, the by-product of which is money. My business mantra is simple – ‘Buy Right and Hold Tight’ i.e. buy the right shares at the right time and hold on to it.
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Invest in a business, not a company
Jhunjhunwala often says in his interviews that the focus should be on his business more than the company. An investor should always keep an eye on what kind of business the company is in and how much profit is expected to be made in that business going forward. Jhunjhunwala has also suffered losses in his investments. A better example of this is Mid-Day Multimedia. But they did not hold back from this.
Read the market properly, know the history
There are many ups and downs in the market but in the long term the market always moves up.
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Tags: Rakesh Jhunjhunwala, Share market, stock market, Stock Markets