Rakesh Jhunjhunwala story
Today we’re going to know Rakesh Jhunjhunwala story who is a billionaire, an investor, and the person who discernment the stock market toward every Indian. In 1986, Rakesh Jhunjunwala has started his journey in the stock market by investing Rs 5000. And now he is a billionaire & his current net worth is almost $3.1 billion. This is for sure big progress in work.
“Markets are like women – always commanding, unexplained, unpredictable and unstable.”– Ace Investor Rakesh Jhunjhunwala
Rakesh Jhunjhunwala is a billionaire, an investor and a person who changed the perception of every Indian toward stock market. Big Bull Rakesh Jhunjhunwala, is also known as the Warren Buffet of Indian from his stratergy. But it’s only cream of the cake.
Rakesh Jhunjunwala, now he is known as the Warren Buffet of India for his strategy. And to become a billionaire he works hard and this takes so much time. Rakesh Jhunjunwala is a very hard worker and he has more patience which is helped him to be a billionaire. We have the best example which shows his patience level where he holds Titan’s Stock for more than 17 years. Making money in the stock market especially for the individuals who are unskilled is not easy as it seems. But for the Rakesh Jhunjunwala, it is a daily grind.
His Life Story
On 5th July 1960, Rakesh Jhunjunwala was born in Mumbai. Rakesh Jhunjunwala’s father is also an investor in the stock market. Rakesh Jhunjunwala was influenced by his father. In their first conversation When he asked his father about the reason for fluctuations in the stock market then his father answered him that these fluctuations are influenced by the flow of news.
Rakesh Jhunjunwala is a qualified charted accountant and entered the stock market. In his life, he faced a lot of struggle to increase the capital to invest in the stock market. And he was managed to borrow money and invest in the market. From which he earned his first profit of $1 million and this profit he invested in the Tata power. Currently, he manages his own portfolio and he is a partner in Rare Enterprise, an asset management firm.
When he earns his first profit of $1 million at that time he realizes that trading is the best option for him to earn in the stock market. After that, he started trading in stocks. He starts by taking small steps which were making him wealthy.
Rakesh Jhunjhunwala story is because of the following five tenets:
To invest capital he had to earn it all himself. But, the question is how did he earn that capital to invest? In one interview he said that he got the capital by doing future trading. As you already see above how he started with just Rs 5000 and in 1985 was enough to amount to invest in the stock market.
It is the most important thing to invest and make money in the stock market. Knowledge is also as important as money expert Mr.Rakesh Jhunjhuwala are said that Markets are about egos and also about the satisfaction of having been proved right. When that right is especially from an original thought and not from the following somebody.
Right Time Right Decision
Timing is also the most important in the stock market. In the stock market, it’s very important to take the right decision at the right time. Rakesh Jhunjunwala has done right decision when he bought stock from Tata tea at Rs 43 and sold it at Rs 143 in which he earns a big profit of Rs.0.5 million in 1986. By this profit Rakesh Jhunjunwala proof his right decision timing.
In December 2011 Rakesh Jhunjunwala face loss of 30% in his stock but because of his Patience level he recovered all his loses in February 2012.
Once Mr. Dhirubhai Ambani said, ” only when you dream it, you can do it.” Rakesh Jhunjunwala has been a true believer in this. He always believes in his dreams and vision which is the reason he has able to make 310 crores USD as of September 2019 by investing just Rs 5000 in 1985.
This is Rakesh Jhunjunwala’s life story. In which we can see his struggle by which he reached the top.
So that’s all about Rakesh Jhunjhunwala Story
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