(1) Capital:-
To make money you need money, this may not be true in many cases but in
case of stock market you need a lot of capital to become zero to hero or to
become successful billionaire Investor.
But another big thing is capital can be made also. How he has gone with a starting capital of Rs
5,000 to a net worth of a few thousand crore rupees is now the stuff of urban
legend.
Rakesh Jhunjhunwala said in one of his interview “I had no capital when
I came to the markets, and no father gifts and no father-in-law gifts. So I had
to earn the capital to invest. How do you invest if you don’t have the capital?
And I got the capital by doing future trading.”
In 1985 when Rakesh Jhunjhunwala has started 5,000 Rs/- was said to be
good capital for investment today you at least required 2-3 Lakh as initial
capital to start investment in stock market.
(2) Knowledge:-
In today’s world for every business or job you need relevant experience
and skills. Without knowledge and experience one cannot get good job or cannot
establish good business. Same is true in case of investment & stock market.
You require specific knowledge and skill set to become successful.
“Markets are about money, but markets are also
about knowledge. Markets are also about egos; markets are also about the
satisfaction of having been proved right. Especially, when that right is from
an original thought and not from a guided source or following somebody.”
You need to do lot of research, a lot of data gathering and a lot of
knowledge accumulation before making investment in stock market.
(3) Right time Right Decision:-
For every investment you make time of investment matters, especially in
stock market, you have to be selective and have to pick right stock at right time. Need pick correct stock at correct time.
Do detailed analysis in fundamentals and technical as well and select right stock at right time. Hold those stocks till you get expected results.
(4) Patience:-
Controlling emotion and keeping patience is extremely important in stock
market. Stock market moves upward as well as downwards. During down trend or
during market crash one should maintain patience. In other word one should have
faith in investment made in stocks.
(5) Vision:-
I believe that if a person can dream up something he/she can do it. It
may take time and effort and persistence but it’s not impossible.
Personally I believe dreams are worth fighting for because they are a
representation of out truest self and out innate abilities.
In word of Industrialist Dhirubhai Ambani “Only when you dream it you
can do it.” Or “For those who dare to dream, there is a whole world to win!”
The final words in this topic is the rule, “the trend is your friend.”
His investment philosophy says “Buy right and hold tight”.
We Exchequer Business Services provides platform to start your journey in Capital Markets online. We provide training on Fundamental Analysis and Technical Analysis.
Contact : 8651039124, email: exchequer.bs@gmail.com
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