Pritam Deuskar- 7 habits of highly successful investor

1. WHELTON SCHOOL OF MARKETING • Pritam Deuskar- 7 habits of highly successful investor

2. 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.

3. 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.

4. 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.

5. 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

6. 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.

7. 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 wasn’t 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.

8. 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.

9. 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.

10. 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.

11. 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.