The biggest mistake in investing is staying out of the market," said Ramdeo Agarwal, chairman and co-founder of Motilal Oswal Financial Services at a Tradingright event held in Mumbai on November 9.
Agarwal shared that he did not invest in the stock market between 2003 and 2014, missing out on the massive bull run from 2003 to 2008. "Had I invested during that period, my net worth would have doubled," he remarked. "Once you miss out on compounding, it really hurts in life."
Also read: 35 smallcaps give double-digit return despite broader indices underperform
He emphasized that the stock market offers millions of opportunities for people to make money, but it's important to find your path rather than follow the crowd. "Everyone has their way of succeeding in the market," Agarwal said. "Don’t just copy what your neighbours are doing."
Agarwal said that Warren Buffett has given a 20 percent CAGR return for the last 65 years. "However, I want to deliver 25 percent CAGR returns going ahead" he added.
Read more: With 38% returns this year, US-focused Indian mutual funds offer better geographical diversification
Agarwal said that India's growth story offers an extra 5 percent CAGR returns for the next few years at least.
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