Rakesh Jhunjhunwala, "Indian Warren Buffett" gave some valuable tips on investing in Indian stocks. He was nicknamed as "Young tiger" during Harshad Mehta days. Like Buffett, he started investing in shares from his young days.
Stock Market Investment Tips:
1. You have to wait for right moment before investing in stocks. Never invest in any stock with proper idea on its business and fundamentals.
2. First quality every investor should have is optimism. Ups and downs are common in stock movements but patience ultimately wins.
3. Monitor price moments regularly. Don't forget the past history of stocks. Never take decisions in hurry.
4. Believe in markets. Markets always do right thing in long term. Do not speculate.
5. Never miss good investment opportunities. If you find them, grab them with both hands.
6. Price at which you buy a stock is very important. Look for the opportunities around with a keen eye.
7. Maximize the profits and minimize the losses. Don't forget this basic rule.
8. Invest in a business not a company. He made big money in Praj industries.
9. Don't look for excess profits in a over valued economy. Greed is not good for Stock Market investors.
10. Investing is not my profession. It is my passion. Investing is the most interesting thing for me in this world.
11. You should have your independent opinion. Keenly Observe and read relevant information with an open mind. Means are very important. Never follow herds.
12. Learning is a continous process. Learn to accept losses with smile.
13. Ready for challenges and risks. If you want to win a war, you have to lose many wars.
14. You are not a owner of the wealth. You are a just trustee.
15. Indian stock markets will reach peak by 2010.
Checkout Rakesh Jhunjhunwala's latest portfolio
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Investing money in stock market to get best out of your investments must be done with thorough analysis & understanding finance. Day Trading and stocks futures & options are highly risk oriented trading means. Value investing is the investment pattern being followed by most successful investors allover world; be it Rakesh Jhunjhunwala or Warren Buffett! Happy Investing!!
