Dabbling in stocks, Captain Cool Dhoni has a word of advice for investors

Former Indian skipper MS Dhoni may not be in cricketing arena, but is trying his hands at the stock market these days. And if the nuggets of wisdom that he recently shared are anything to go by then one can say he is a quick learner.

Among one of India’s most successful captains, Dhoni recently shared some advice for the trading community, saying, “While money is an important part of life, it is important to make money the right way. We all want to make money but we should look to add money not to multiply.” He stated this at an event organised by a platform for content monetisation for creators.

The CSK star, who has been roped in as the brand ambassador of the State Bank of India (SBI), India’s largest commercial bank, said he had invested in some stocks and followed traders on television. “Nowadays, it is important for traders to educate the newer generation who are actively looking to invest in stocks. The advice should be to add money and not to multiply.”

‘Adaptability crucial’

Drawing parallels, Dhoni said investing was like sports. “Be it investment or sports, it is the process that is important, irrespective of the result. Adaptability is crucial. If you don’t get the result, revisit the process,” said the cricketer.

When a finance creator asked him about the negative feedback to their recommendations, Dhoni said that one should do their work with honesty. “If I have suggested something with my knowledge and experience chances of being right or wrong are there. So, the person at the receiving end also needs to weigh in. One has to be honest, do thorough research and then give suggestions. And if one goes wrong then it is okay just take responsibility for it. Whatever decisions we take, it doesn't always go our way but what's important is to take responsibility,” Dhoni said.

‘No substitute for hard work’

When asked about following one’s dream, Dhoni said while there was no substitute for hard work, it should come from the right place. “We all have dreams but sometimes they aren’t realistic. If someone comes to me and says they want to play for India but they are better at studies not cricket. Now, as a coach or guardian, I have to tell him. There are lakhs of Indians who opt for cricket but are unable to play for the country. It is important to give honest guidance,” he said.

Talking about his cricketing career, Dhoni said, “When I started playing, the biggest motivation was the country. How well can I represent my country that was the motivation.” Dwelling on his journey after retiring from international cricket, he said, “I am only playing IPL so I am actively playing cricket only for two months in a year. I am 42 and I have to keep training and maintaining my game to compete with others who are younger.”