There is a guru present in every sector. Investment sector is also no different from this. They tell where the trend is. They give information about the ways through which you can get positive returns. At the same time, they refuse to do the work, which can cause you a big loss. In fact, they tell you about all those things that make you profit, not loss. Warren Buffet, Charlie Munger, Peter Lynch and Rakesh Jhunjhunwala are brilliant people that investors follow. Even though Rakesh Jhunjhunwala is not among us, but his words or knowledge are still benefiting the investors.
Investing smartly and judiciously is very important to achieve one's investment goals. As these big investors did and earned wealth. Today, on the occasion of Teacher's Day, we will mention those things of these investment gurus, which they have been saying to the investors before investing. Also investment gurus like Warren Buffet, Charlie Munger, Peter Lynch and Rakesh Jhunjhunwala also follow these things.
It is very important to remain positive
It is very important for an investor to be optimistic. This is one of the major investment lessons, which Rakesh Jhunjhunwala has also been strongly advocating. Rakesh Jhunjhunwala had made 10 rules for himself before investing, out of which staying positive is the main rule. It is very important to keep in mind that any investment, especially market related investments, takes some time to generate returns. According to experts, returns depend on many factors and honestly, most of them are beyond the control of investors. If you have made a fundamentally good investment, returns will be available over a long period of time.
Invest in what you know
Ignorance can be dangerous when it comes to investing. One of the famous investment principles of famous American investor Peter Lynch is to invest in what you know. Investors often try to get high returns from instruments they are not familiar with. In the past, many people have suffered huge losses by investing their money in relatively unknown products promising high returns. Therefore, it is very important to do deep research about any financial instrument before taking a decision.
Keep emotions away from investing
If you follow Warren Buffet's investment options, you will find that emotions have no place in his investments. Warren Buffet, one of the world's greatest investors, makes investments based on logic, numbers and facts. Due to emotion in investment, wrong options may appear which can have long term impact. In such a situation, it is very important to remove emotions from any investment.
learn from mistakes
The most successful investors in history have made many mistakes in their investment journey. After which he learned from those mistakes and achieved success without repeating them again. In other words, if you have made mistakes while investing, make sure not to repeat them in future. Mistakes should be used as learning opportunities. Besides, it is also a fact that money cannot be made without burning fingers. Be it Dalal Street or Wall Street, mistakes and the lessons learned from them make an investor successful.
turn volatility into opportunity
Volatility is an important part of investment and is the result of various systematic and unsystematic risks. It is volatility that often scares investors and leads them to choose wrong options. However, investment gurus through their investment philosophy have taught us to convert volatility into opportunity. These important lessons from investment veterans can not only add to your wealth but can also help you gain control over your investments.
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