Ramesh Damani Shares Investment Tips for Young Investors

Renowned investor Ramesh Damani offered valuable advice to young investors during a panel discussion in Mumbai on December 13. He encouraged new investors to focus on long-term strategies to build wealth, despite periods of market downturns and potential losses.

“Look at the bigger picture,” Damani said. “When I started investing in 1989, the Sensex was around 1,000. Today, it’s at 80,000. Investing in quality businesses pays off in the long run.”

He advised beginners to allocate only 5-10% of their funds to trading and invest the remaining 90% in high-quality companies for the long term. According to him, this is where true wealth is built.

Damani highlighted Warren Buffett as a prime example of how disciplined, long-term investing can turn middle-class individuals into millionaires. “Through smart money management and compounding, it’s possible to significantly improve your financial standing over 10-20 years. Trading, on the other hand, rarely leads to wealth. Out of millions, only a few succeed in trading; most end up with mixed results and excitement but no lasting wealth.”

Disclaimer: The views expressed by Ramesh Damani are his personal opinions. Pune Pulse recommends consulting certified financial advisors before making any investment decisions.