In the last 1.5 years, the market has witnessed a huge rally, due to which lots of investors created massive wealth. But there is no guarantee that these new entrants will continue to make money consistently.
So, it becomes even more important to learn from the top stock market investors, who created massive wealth consistently. We can learn and earn not only from their stock market success but also from their mistakes.
1. Rakesh Jhunjunwala: The Massive Wealth Creator
Rakesh Jhunjunwala is popularly known as “Big Bull”. Today he needs no introduction. He is the biggest example of an investor who consistently makes money from the stock market.
Almost everyone who reads the news related to the stock market knows him. He started his journey with mere 5000 rupees and today he is sitting at a net worth of more than 40,000 crores.
He earned money through trading and then started investing that money in fundamentally strong stocks. Being from a middle-class family his journey was not easy. His father insisted he first complete his CA degree and then enter the stock market. The very first profit he booked was on the Tata Tea shares.
New Ventures: Apart from investing he is trying his luck into the airline business. He is co-founding Akasa Airlines with Vinay Dubey, former CEO of Jet Airways. He is also known for producing Bollywood movies like English Vinglish, and Ki and Ka.
Currently, he is holding stocks like Titan, Tata Motors, Crisil, Jubilant life science, etc.
2. R.K.Damani: Top Investor
Radhakrishnan Damani started DMart in the year of 2002. In the beginning, he opened the first store in Mumbai and today DMart has grown to 200 stores all over India. He is also one of the biggest value investors in our country. During Harshad Mehta’s time, he made huge money.
As the valuations of companies were not sustainable so, he decided to short sell the shares. Today he is the 4th richest person in the country with a net worth of more than 1 lakh crores rupees. Like most successful people, he also likes to read books.
Currently, he is holding stocks like VST Industries, United Breweries, India Cements, etc. He rarely interacts in public and media. He is mostly seen in white clothes and prefers to live a simple life. Rakesh Jhunjunwala considers him as his mentor.
3. Ramdeo Agarwal: The Wealth Creator
He was not from any family with a financial background, his father was a farmer back then. Indeed he made 2000 crore and becomes one of the top investors who created massive wealth from the stock market with his initial investment of 1 crore rupees.
Like other investors, he also believes in investing for a long time period. He started his own asset management company called Motilal Oswal Financial services with his partner Motilal Oswal.
After short-term success, he thought he know everything about the stock market. It was Warren Buffet who opened his eyes and made him realize that there is a lot to learn in the stock market. Rather than investing in hundreds of stocks, buying quality stocks is a sign of a good investor.
Investing is not speculation, anyone can become rich if he buys right and sit tight. If the stock you are buying is a quality stock, with immense growth potential, If the business has longevity to stay in the market for a long time, and last if the stock is available below its intrinsic value, then it is a good buy. Ramdeo Agarwal calls it a QGLP framework.
4. Vijay Kedia
Vijay Kedia went from Kolkata to Mumbai to become a broker. On Dalal Street, he met good investors like RK Damani and Rakesh Jhunjunwala. At one time he was about to sell his mother’s jewelry to manage the trade settlement. From that day he stays away from trading and devotes his further life to Investing. He majorly invests in companies which are as follows:
1. Small-sized companies
2. With a medium level of experience in management
3. The company with large aspirations, the hunger to improve the business
4. It should have Extra Large potential to grow.
He thinks Knowledge, Courage, and Patience are the quality of a good investor. Currently, he is holding Vaibhav Global, Tejas Network, Sudarshan chemicals, etc.
5. Porinju Veliyath
Porinju Veliyath was born in a lower-middle-class family in Kerala. While pursuing a Law degree he had to do part-time work as a telephone operator. His father had to sell their farmland due to a weak financial situation.
Despite all of the struggles, Porinju is one of the most successful investors in India. He has been called a small-cap czar by economic times. He is famous for investing in quality small-cap stocks.
With a stellar track record of investing, Porinju started the journey of fund manager from his own firm called Equity Intelligence.
Holdings of Porinju Veliyath:
He is holding stocks like Shalimar paints, Kaya ltd, Kerala Ayurveda Ltd, etc. Investing in the long term helps him to become one of the top stock market investors who created massive wealth. He has given 33% cagr since the inception of his fund.