In this interesting rapid fire segment with Money9’s Sakshi Batra, Raamdeo Agarwal Chairman and Co-Founder, MOFSL talks about the first stock he ever invested and also the first stock which gave him 100x returns. Talking about an important advise that he would like to pass on the millennial investor, he said that do not speculate, be an investor.
The fundamental difference between an investor and a speculator is that the markets are trading at 60-70 lakh crores per day and about 97-98% of them is speculation and there listening to someone like him is useless. He also added that there is no single regret in his journey in the stock market and even enjoys when there is a crash. Further, he adds that integrity is the one that he values the most in his life. He also candidly spoke about that one stock would hold onto for 35 years.
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