These tips by Rakesh Jhunjhunwala offer a compass to guide both novice and seasoned investors towards making informed choices in the dynamic world of finance.
Choose firms with solid business models and skilled management for better stock market performance and long-term returns.
Understand the company's business, read analyst reports, and follow news about the company to invest confidently.
You will be more likely to achieve your financial goals if you invest for the long term and don't try to time the market.
Have faith in your investments; avoid selling due to temporary price drops. The market rewards patience over impulsiveness.
Diversify your portfolio by investing in stocks, bonds, and real estate to reduce risk and protect your investments from losses.
Never borrow money to invest in the stock market; you could end up losing more money than you invested.
Develop your financial literacy. The more you know about investing, the better equipped you will be to make sound investment decisions.
Be prepared to wait for 10 years to make a 100% return on your investment. Patience and discipline will aid your financial goals.