7 Rules of Success from Rakesh Jhunjhunwala, India's Billionaire from Share Market

 

Yesterday 14th August 2022, Rakesh Jhunjhunwala had passed away physically but he inspired large no. of people through his passion in share market and got success in it. 

He started his investment of Rs. 5000 from his saving money in 1985 and reached $ 5.5 billion in 2022 and became 36th richest person in India. His highest invest in Titen Company Rs. 7294.8 crore. 

So, today, we have learned his rules of success.

1. Buy the Shares, Hold the Shares and Forget the Shares is the best rule of Success

 Rakesh Jhunjhunwala was great investor. His success was done through Buy the Shares, Hold the Shares and Forget the Shares. Shares are your ownership in the company. When you buy any share, it means, you have trusted it will grow. So, never sell it and forget it. There will be the power in your trust and your share value will be 100 times. Keep focus on it. He did same, he became rich. You will learn from him and you will become rich in share market. 

2. Control Your Emotions When buy Shares

Market is full of greed and fear. So, you have to control your emotions. Never buy due to greed and never sell due to fear. Suppose, you start a small business. Will you sell next day. Then why do same with shares due to loss of your emotions of fear. 

3. Regular Positive Action is Must for Achieving Dream

If you have the dream to become richest person through share market in India, you have to take positive actions regular. Means, every day, every weak and every month, you have to buy, buy and buy good companies shares if you want to grow your wealth in share market. 

He told

 whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it

4. Recession in Share Market is Great Opportunity for Stock Investor

When there is recession in share market. It is great opportunity for stock investor. You have to buy at this time. He told

When other will start to sell the share. Buy all the shares of good company from the market. When other buying, sell your share.

You should convert it in Simple Strategy with My Idea Plan

Suppose, you have the portfolio of Rs. 5,00,000 and it is showing 50% gain in your invested money. It means your current market value is Rs. 7,50,000. 

Now, make new strategy

10% of total invested money, not invest in share market. Start it in safe in your Govt. bank and estimate after  5 years, a big recession will come

You have to set same time as maturity. it may come after 3 years, you have to ready to withdraw same time. Every money deposit same money in Govt. RD account with name

Invest Big in Indian Share Market when There is Big Recession Fund 

and investors will start to sell the share at the time of recession because common man has low tolerance power and your portfolio will show the 0% gain or upto 20% loss. Tolerate it 

Now, this is the time to catch great opportunity from the market. Buy all the valuable stocks from the market through Invest Big in Indian Share Market when There is Big Recession Fund of your Govt. bank RD account.

5. Be Crazy for Achieving Dream

He told, if you want to get success in Indian share market, you have to become the crazy and mad. 

Ask yourself

Where do I want to be in 5, 10, even 20 years as Investor in Share market, how much I will invest? How much I books read for gaining my skills like a mad person who has no time for entertainment or going to comfort zone. 

Measure your performance also like crazy person

Why delay my goal achievement?

What will be my milestone of success?

How can I improve for next week

How can I do better

If you want to become the crazy. Be crazy like the Tiger. Tiger has big picture always in the mind. He never eat dead bones because he thinks the big picture. Dead bones are very less i or 2 and already had eaten all by dogs and fox. He saw full deer for his victim because it has bag of bones. So, he becomes made for hunting deer. He knows the deer speed is 10 times more than him. Still, he is mad to eat the bag of bones. So, focus on the big picture and runs and forget his tiredness and achieve the goal by create the environment of fear in the mind of deer. Deer forget his running power and never use for more running and tiger catches him. Second, when attacked he use 10 times more potential of his normal potential. Because he is tiger. 

You have to use the power of obsession ( IN HINDI JANUN KE SAMNE HAR ROKAVAT  NAKAM) to eliminate any obstacle for achieving your goal.

6. Focus on Opportunity Instead Worry

Rakesh Jhunjhunwala has faced lots of failure and many of his stock got 70% loss like Dish TV but he never focus on its worry but always focus on catching of opportunity. His invested in Titan company covers his all loss. So, this success happens the power of focus on the opportunity instead worry.

7. Stamina of Taking Big Risks in Investment in Share Market

Rakesh Jhunjhunwala had taken big for getting success in share market.  In 1980, he was invested Rs. 1 Crore on one share of Sesa Goa when there was recession in iron market.

7. Use the Tolerance Power for Success

You know why we say earth mother. You see big building and all made by deep base and earth tolerate all these things. So, she is respectful. Tree tolerates the winter and summer and raining season and give fruits. So, we respect them. 

Rakesh Jhunjhunwala has also learned the toleranace as the rule of success and he believed good companies and not sell shares these companies even the value of these shares had decreased 30% and finally gained his wealth.