There would hardly be any investor investing money in the market who has not heard the name of Warren Buffet. Warren Buffet is one of the world’s greatest investors. Inspired by him, Gujarat’s famous businessman Rakesh Jhunjhunwala is called India’s Warren Buffet. Warren Buffet, chairman of Berkshire Hathaway, is the sixth richest person in the world.
In such a situation, if you want to become rich, then you should learn from Warren Buffet’s mistakes. His investment tips are quite popular among investors. Stock market investors follow his tips. Let us also tell you his 10 investment tips.
do your own research
Warren Buffet says never trust the estimates or predictions of those people who have their own profit attached to that estimate. Experts or agents have their own interests in the matter of investment. That’s why you should always do your research before investing.
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take as much risk as you can
Warren Buffet says that you should take as much risk as you can manage. They understand this as an example that if you try to measure its depth by putting both feet in the water while sitting on the bank of the river, you can drown. For this, it is important that you keep holding the bank firmly with one hand and make your own balance on one foot and estimate the depth of the river with the other foot.
save from salary
If your monthly income is Rs 10,000, then you must save Rs 2,000 out of it. You can use this 2000 rupees in emergency. Experts also say that you must save an emergency fund equal to 6 months of household expenses.
Be fearful when everyone is greedy and be greedy when everyone is fearful
Warren Buffet says that when everything is looking good, be skeptical. Be fearful when others are greedy and be greedy when others are fearful.
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be on the lookout for opportunities
An investor should always be on the lookout for opportunity and when it is found, it should not be missed.
Be it socks or stocks, buy only quality
Consider the share market in such a way that whether it is socks or stocks, you should buy only quality ones. Buy that too cheaply. Buy the shares of the company whose fundamentals are good. Buy shares also only when there has been a good decline in them. They say that when the market is falling, it is a good time to buy.
definitely invest
Whatever be your income, you must save some money and invest it. Because those who are not investing, they are making a big mistake in their life. Inflation is increasing with time, in such a situation, you must save something for the future.
Don’t invest money where there is even a slight doubt
Never invest money in an investment option you do not understand.
read and think
Buffet spends most of his day, about 80% of the time, in reading and thinking. The best way to think about investing is when you are in a room and no one else is there. There you just think.
your best asset is yourself
Your biggest asset is yourself. That’s why your best investment is yourself. It cannot be compared with anyone.