An investment in knowledge pays the best interest – Benjamin Franklin
Investing in one thing or the other has become necessary in today’s world because just earning money is not sufficient. We all work hard for the money we earn but, for some of us, it may not be adequate to lead a comfortable lifestyle or fulfill our dreams.
To do so, we need to earn extra money as well. This happens when you invest! Money lying idle in your bank account won’t grow any more money. It’s an opportunity lost. You need to invest that money smartly to get good returns out of it.
Investing is not at all difficult. There is neither rocket science nor you have to be a math genius to understand where to invest your money. But, if you are a beginner, investing should be learnt from the experiences of the best. Read on to take a cue from some of the best investors in India.
The master investor Rakesh Jhunjhunwala is India’s most influential wealth creator. The world knows about it that he has a huge appetite for risk-taking. He is well-known as ‘India’s Warren Buffet’ and is known for his long-term bets.
He is the largest shareholder of his supermarket chain D-mart. Not many people know but he is the mentor for Rakesh Jhunjunwala. Damani got into retailing in the year 2002 with a single store in suburban Mumbai and has been unstoppable since.
Raamdeo is the co-founder of Motilal Oswal. At present, he is one of the most respected persons in the stock market in India. His equation for success is Quality + Growth + Longibility + Bargain value of the company.
Porinju is one of the ace investors who know all the tricks of the trade. He is well-versed with what value investing is. His investment mantra is to look beyond nifty and envisioned stocks. From a homeless person to one of the most respected value stock pickers of India, Porinju has come a long way.
Ashish is the favorite value investor in the stock market. He does thorough research and meets the management before buying the stock. He walks on the belief that one needs to have patience and understand that good business and good management takes time to perform. At present, he has an investment of more than 350 crores in companies.
Vijay Kedia is a reputed name in the world of investment. He is the MD of Kedia Securities. He is well-acknowledged for his value picks and thought process. Vijay believes an investor must have three qualities i.e. knowledge, courage and passion. He also feels that if one invests in a stock, he/she needs to be prepared for the worst conditions. Vijay says that one should invest a part of his savings and not earnings in the stock market.
His investing success could be an inspiration for those thinking of achieving big as an investor.
Ashish’s journey to the stock market was not a cakewalk. He raised venture capital in the late 1990s but lost everything due to the dotcom crash. He jumped back to the market when Wipro bought his company Chyryscap and his investment of USD 10 million reached to USD 60 million.
Mohit Bansal is the founder of K2 Group India. With his hard work, determination, and self-belief, he is India’s leading social entrepreneur, investor, and social worker.
One can say that his life journey is reminiscent of an appealing plot along with a wonderful storyline. The journey to becoming a successful entrepreneur has not been easy. Loads of dedication and strong will, coupled with a never-say-die attitude worked wonders for him.
‘A good company in a consolidating business (a prime example is a microfinance) is almost certainly a buy.’ Kenneth points out.
Kenneth Andrade made a reputed name for himself by starting with small stocks that went on to become household names. The man is responsible for mutual fund investments at IDFC MF.
‘They must (ideally) be single-product companies, in simple businesses that have plenty of headroom to grow.’ he says.
While at the London School of Economics, Mukherjea learned to foresee financial numbers and take calculated risks. This gave him the confidence to make decisions that go against the grain.
Mukherjea’s advice to all the investors is to identify companies with a proven management track record and clean accounting standards before making a decision.
He warns against investing in a company just because of a successful run in the past, or firms with extensive political connectivity.
You don’t become a good investor accidentally but consistently work at it. Let’s go to the beginning of the blog. When it comes to investing, nothing will reward more than educating yourself. Do thorough research, study, and plan a road map before making any investment decisions. Learn from the best to get a better idea. Once you start learning, never stop.