5 Steps To Bring Out Rakesh Jhunjhunwala Within You

Rakesh Jhunjhunwala is a gold standard of equity investment. Long-term investors hold his 'value-investment' model as sacrosanct. Everybody who invests in equity harbours the dream of being as successful as Mr Jhunjhunwala. The overwhelming searches for 'Rakesh Jhunjhunwala stock tips' certainly suggests that. But did you know that you can also become Rakesh Jhunjhunwala in your own way? Yes. All you need is to resist the temptation of short-term profit booking and look at the long-term prospects. If you do, you will be laughing your way to the bank at the end of the longer term.

Here's a 5 step guide for you to channel your inner Rakesh Jhunjhunwala.

Think And Buy Not Buy And Think

In the stock market, one wrong move has the potential to break your morale to pieces. For the beginners to navigate through an excitement filled initial phase is the primary challenge. If they make the smart choices and get good results there are fair chances that they will stick around for a longer period of time. However, if they experience early hiccups they will leave the market for good.

Hence in your early stages it's important that you get maximum hand-holding and supervision from either experienced investors or good stock advisory firms. Smooth entry in the market will ensure a long and rewarding investment experience. All the planning and thinking has to be done before buying, after buying it's of no avail.

Don't Listen To Your Brokers

A new investor always faces a number of challenges in his/her early stages. Now, this is also the time when you get bogged down by a lot of information and free advises. Stock brokers do their utmost to deviate you from your long-term objective. The gullible rookie investors often fall prey to the tricks of brokers. Stock brokers are not analysts but they are just salesmen who want you to do maximum trading. The more you trade the more profit their brokerage firm makes. Thus never listen to your stock brokers.

Steering clear of free advice of brokers, intraday trading and short-term investment will pave the way for a fruitful investment.

You Don't Need To Know Everything

Once you find your feet in the stock market you will come across many financial news portals, newspapers which will give alarming news items sometimes as absurd as landslide fall or even market crash. But being a long term investor, you have the luxury of not knowing all the details of the market. Look at the way RJ deals with the frequent tremors of the market. Every time market falls you will see stories like "Jhunjhunwala Lost So and So Millions" mushrooming everywhere. But does Jhunjhunwala start selling his stocks as the market falls? Never. One look at Rakesh Jhunjhunwala's holdings tells you the true story. As the markets fall they also rise and good stocks always make up for the lost time and deliver sterling results.

So, buy good stocks and conveniently turn a blind eye towards all the clamour of the stock market.

Sell The Losers, Ride The Winners

Though it is true that once you have invested in good stocks you don't have to worry about how they pan out in the future. But it helps to review your portfolio periodically to ascertain how these stocks are performing. If some of them are not performing up to the par or are constantly incurring loss it is better to pull out of such stocks and invest in some other promising stocks.

Don't Forget To Live Your Life

People often get so embroiled in the complexities of the stock market that they forget the ultimate objective of investment - to live a good life. The fascinating fabric of stock market casts such spell on the investors that they constantly keep looking for tips, ideas recommendations which will make them quick money. As important it is to stay focused on your financial goals it is also important to stay focused on living a joyous, happy life. Spending time with family, friends, nurturing hobbies should be as important as creating wealth. As the old saying goes Don't get too busy making a living that you forget to make a life.

Rakesh Jhunjhunwala strikes a perfect work-life balance. He travels, he parties, he enjoys time with his family and friends. He can do all this because he is sure that his money is safe and doesn't need constant scrutiny. If one can learn this mantra of a happy life one can proclaim to be a successful investor.

Caution: Rakesh Jhunjhunwala holdings are disclosed when companies report changes to shareholding pattern each quarter. There is a significant delay when others know about these trades. We recommend that this portfolio should be used to understand Rakesh Jhunjhunwala's strategy and make your own decisions accordingly. If you dont have time or want to rely on expertise of a reliable equity research firm then subscribe to Rakesh Jhunjhunwala Tips