Let’s look at the last 5 years net worth chart of Damani and Rakesh Jhunjunwala, Rakesh net worth increased from 10,000 Crores to 16,000 Crores and Damani’s networth increased from few 100 Crores to One lakh forty thousand crores after his D-market listing, and such growth happened in spite of two big events in last 5 years demonetization and Corona Pandemic, market sell off happened, where Rakesh Jhunjunwala lost almost 30% of his net worth, which is almost 4500 Crores. Look at two of the greatest Investors in Indian Stock Market, Radhakishan Damani and Rakesh Jhunjunwala, India’s second richest person created his fortune through markets. Anyone who have Crores worth of properties cant liquidate their assets over night, because its hard to find the buyer who agrees to your price, more over all the paper work involved in real estate makes it harder to transact. Stock Market is the only financial instrument that can create enormous wealth which is completely liquid. Because their expectations were wrong, the came into markets expecting to make some quick profits or secondary source of Income by trading part time. That is if they fail to make any profits during first six months period, they call Stock market as gambling and quit. The average duration of first time Trader/investor who come to the markets are less than six months.
Most beginners who tried their luck in stock market quit in few months of time.
Stock Market cannot be treated something like a business or any other salaried profession, because you cannot rely on Stock Market to generate consistent Income month after month. Stock market is the place to create wealth not to earn money, we need to understand the difference here.
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