Pritam Deuskar- 7 habits of highly successful investor

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WHELTON SCHOOL OF MARKETING
Pritam Deuskar- 7 habits of highly successful
investor
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Do you want to learn how to be a successful
investor? Or do you want to learn the
tried-and-true habits of successful investors?
Don't worry, Pritam Deuskar is here to assist
you. Investing, he claims, is not about getting
rich or playing the market. It's a necessary step
toward financial wellness. That includes being
able to meet your own needs as well as the needs
of those who rely on you, as well as setting and
achieving goals that go beyond the obvious. It is
the investors who work at the long term of the
market. They typically buy stocks that are
underpriced and undervalued, and they are willing
to wait years for the story to play out.
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According to Pritam Deuskar Wealthyvia good
habits can make you a better investor, and the
following seven can help you become a successful
investor. Create a financial plan with goals
Before setting out to achieve your goals, you
should be well aware of your current financial
situation and net worth. According to Pritam
Deuskar, a conversation with your financial
advisor will help you understand your net worth
and will focus your attention on your priorities.
Successful people do not become so by chance.
They work hard, research the market, and devise a
solid game plan to help them achieve their
objectives. When you take the time to create a
financial plan, you will be miles ahead of the
majority of other investors. You can see a
wealthyvia website that will help you to create a
financial plan.
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Treating it like a war It is literally like a
war against poverty and mediocrity to honour and
win the wealth creation. For morning walk or
street fight one may not have to think and plan
much. To win a war , you have to have proper
winning strategy, have to take calculated risks,
show and stood by courageous actions, use your
available all resources of capital , knowledge,
information and trusted intelligent people who
belive in your dream and have this common goal of
winning the war. Your trusted circle of
advisors and mentors. One may have to lose some
battles . One may have to let go of few battles
of trades. One may miss some opportunities. It
demands great amount of preparation And winning
mindset. One may also get hurt too while fighting
it. Indeed its like war says Pritam Deuskar of
wealthyvia.
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Constantly seeking opportunities If you think
following someone on social media investment guru
or watching videos online will make you rich, you
need help. Nobody is going to come and tell you
invest in these stocks with detailed reasoning on
each and make multibaggers in actual action for
you unless they are extremely capable with
exemplort self performance and getting heftily
paid for it. One has to do all the field work -
hard and smart. Great circle of common goal
thinkers is great help but that too in certain
limit. One has to find what suits him/her, their
personality, risk taking with patience and
conviction. One has to keep an open mind ,
flexibility to listen and patience to understand
with constant non deterring zest to find
opportunities
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Invest regularly and fearlessly One can not be
timid and reluctant when it comes to investing.
Investing small amounts or/ and investing only
at once will keep you away from good fortunes.
When good opportunities come along one has to
act in full capacity and vigour. If you
understand stock is going to be 4-5 times from
here think of how and what stage you can keep
adding. How you will manage to allocate more
capital.
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Have high cash flows to invest People might tell
you higher income is not going to solve much
problem. Be deaf to them. Having higher income at
young age is extremely important. If shahrukh
wasnt charging heavy for films / weddings or
Ambani was not creating great incomes from
business in their young age , it would have been
difficult to see their empire today. How one
would invest well if not earns well. One has to
have high cash flows to invest high in promising
assets of tomorrow to create wealth. Buffett
solved it by buying insurance company , Rakesh
jhunjhunwala did it by trading. Do side
businesses, have multiple sources of income,
lucky if you have more earning members in your
family. Give freedom and encouragement to your
wife to pursue career of her choice than turning
her into home servant. Pray genuinely that she
earns more than you. Make allies and winning team
at home.
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Having patience ! If you yourself is more
volatile than markets, forget about investing in
stocks. Its not for you. Market is equal to all
but rewards and transfers wealth from impatient
to patient, idiots to wise, fearful to
courageous. If you start reacting to extreme
mood swings of Mr market , you will lose your
mind and money both. Common Job of a Crown and
winning investor is non reaction. One should
treat his mind like a water. Things may throw a
stone to make waves. Quality of water is to go
back to still steady state.
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Think long-term Successful investors invest for
the long term and do not frequently rebalance
their portfolio. They believe that the benefits
of rights shares, bonus shares, dividends, and so
on are much greater when you invest for the long
term. Long-term investment always provides good
value. Your actual compounding starts after 4-5
years of investment. Daily price up move may
throw back gains equal to your initial capital.
That investment can be truly called multibagger.
Short term movements, macro hurdles and market
cycles are temporary. Business of a company is
permanent. It will grow and keep on growing at
its own pace. As long as it is intact having
competitive advantage over its peers and is able
to manage all hurdles and headwinds, at some
point it will become big. For promoters its
only one stock that they mostly hold. We know who
is more successful- investor or promoter?
Prominent Reason is long term.
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Stick to your plan True, you may need to change
the plan on occasion. Sometimes the fundamentals
shift, or your goals or circumstances shift.
Overall, try to stick to your plan and avoid
making drastic changes based on market
performance or emotions. According to Pritam
Deuskar, your plan can help you in any situation
to handle the process easily.
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Getting help from a professional stock market
investor can be a great idea, especially if you
find someone who is willing to listen to you and
help you put together a long-term strategy, such
as Wealthyvia founder Pritam Deuskar. Will
provide you with accurate stock information. He
previously worked in Fund Management for a PMS
and institutional research and business analysis
of companies for over 12 years. He is a
SEBI-registered research analyst with a BE
Mechanical engineering degree. Finding
multibaggers at an early stage has been his
specialty. Or if you want more information you
can visit Pritam Deuskar Wealthyvia site.