Money Excel - Personal Finance Blog

Menu
MENUMENU
MENUMENU
  • Home
  • Business Ideas
    • 225 Small Business Ideas
    • 40 Online Business Ideas
    • 20 Business Ideas for Beginners
    • 20 small manufacturing business
    • 30 Food Business Ideas
    • 100 Business Ideas low investment
  • Stock Market
    • Best Demat & Trading Accounts 2020
    • Best Stocks 2020 by Experts
    • Best Virtual Trading Apps
    • Best Stock Screener
    • Best Discount Brokers in India
    • Multibagger Stocks of LockDown
    • Rakesh Jhunjhunwala Portfolio
  • Mutual Funds
    • Best Mutual Funds 2020-21
    • Best Direct Mutual Fund Platform
    • Best Mutual Fund Mobile Apps
  • Incometax
    • Income Tax Slab FY 2020-21
    • Income Tax Calculator FY 2020-21
    • Income Tax Refund Request
    • Pay Advance Tax Online
    • Download New 15G -15 H Forms
  • Investment
    • Best Investment Ideas 2020
    • Long Term Investment Options
    • Best Investment Regular Income
    • Best Investment Options NRI
  • Credit Card
    • Best Credit Cards 2020-21
    • Best credit card for online shopping
    • Best Forex Card in India
    • Best Business Credit Cards
    • Credit Cards against Fixed Deposit
  • Insurance
    • Best Term Insurance Plans 2020
    • Best Health Insurance 2020
    • Best LIC Policy 2020
    • Best Car Insurance Companies
    • Best Mobile Insurance Companies
  • Downloads
Home
Stock Market
Rakesh Jhunjhunwala – One cannot make money from borrowed knowledge

Rakesh Jhunjhunwala – One cannot make money from borrowed knowledge

Raviraj Parekh September 23, 2018

Rakesh Jhunjhunwala

On Diwali 2013 Rakesh Jhunjhunwala was interviewed by bolloywood actress Chitrangada Singh & Kripa Raman of Mumbai mirror. In his talk Rakesh Jhunjhunwala disclosed his views on current slowdown. He also spoke on some interesting fact about his personal life.

Let’s check out what Rakesh Jhunjhunwala says:-

What’s a day in the life of Rakesh Jhunjhunwala like?

Do not miss below posts -
  • 10 Good Stocks – 300% return in past one year
  • Prof. Shivanand Mankekar Stock Portfolio Holdings
  • Top 5 Best Stocks for Investment in 2019

I wake up any time between 7 and 10 am. I watch the markets till around 10.30 am. Then I have my bath, eat a small breakfast, and by noon I am in office. Till 3.30-4 pm I watch the markets again after which I meet people, attend to reports and do whatever reading that has to be done. By 7.30, I am out of the office. Once or may be twice a week, I socialize.

Are your investments driven by intensive research or great instinct?

They are driven by everything. It is difficult to say the one thing that triggers my interest (in a particular stock). But finally, it is intuition. A lot of people collect data for me but in the end I do my own analysis.

When you think of your best and worst investments, what were the things that went into them?

I have not been a good investor because I am Rakesh Jhunjhunwala, I have been a good investor because God ordains that I become one. There is a silent hand that is always helping me.

Besides shares, real estate and cars, what are your indulgences?

I buy some racing horses. There’s no return in it. I like very fine whiskies, and occasionally very expensive cigars.

Do people flock to you for investment advice wherever you go?

Not these days. They come to me when the market is bullish and stocks are up…I don’t get irritated, I give them tips…But one cannot make money from borrowed knowledge.

Do you do any charity? Is there a particular cause that moves you?

My pet project in life, about which I am doing nothing at the moment, is malnutrition. I also hope to give 25 per cent of my wealth on July 5, 2020, when I will be 60 years old. That would be roughly about Rs 5,000 crore by that particular day. At present, I give away Rs 15 to 20 crore in charity annually.

What is your dream home?

Well I’ve just bought property. I like sea-facing homes. I could never think of leaving Bombay. I can’t see myself living anywhere else. I have been here since I was three years old.

Which sector would be safe for Investment?

Export sector is doing very well and it is expected to grow even Finance sector is good for investment. It is time to invest in the market. You will get very good gains over the next three to five years.

What about Gold is it good investment bet this Diwali?

I do not invest in gold but I can say that over the next year gold could be good investment but over four to five year horizon, I am not so bullish on gold.

What about current Recession?

There is a slowdown, a recession. There is no doubt about it. There is a slowdown in the country but it is temporary, it will reverse itself. Markets are like women, always commanding, mysterious, volatile exciting and it is not a joke. Just as you cannot have a good relationship with a woman by brow-beating her, you cannot have a good relationship with the market by trying to bully it. The king is the market. Just as women have emotions, markets have emotions. It is basically a product of the thoughts and emotions of so many individuals.

Any advice for investors

Have faith in India.

Reference from – Rakesh Jhunjhunwala Mumbai Mirror Interview & Economic times Rakesh Jhunjhunwala Interview

Subscribe to Blog

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Prev Article
Next Article
Tags:advice rakesh jhunjhunwala rakesh jhunjhunwala rakesh jhunjhunwala interview rakesh jhunjhunwala personal

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Leave a Reply

Cancel reply

IIFL Demat Account

Search

Top Posts & Pages

  • Rakesh Jhunjhunwala Portfolio Holdings - January 2021
  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • How to check Property Records and Land Records online in India?
  • LIC Premium Paid Certificate Download For Income Tax Purpose - Online
  • 20 small manufacturing business ideas with low cost
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • 225 Small Business Ideas with Low Investment in 2021-22
  • ASM List - What to do in ASM list Stocks?
  • Top 60 Manufacturing Business Ideas
  • Budget 2021-22 - Expectations of Common man

Subscribe to Blog via Email

Join 5,474 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |