Dhan from Diwali
Dhanteras is the festival of wealth celebrated on the first day of a 5-day long Diwali. ‘Dhan’ represents wealth, and the suffix ‘Teras’ means the thirteenth day of the waning Phase of the Moon.
It is also known as ‘Dhanatrayodashi’ and is observed by Hindus in most parts of India. All the traditions practised on this auspicious day are connected to the prayer for wealth and prosperity.
Balancing Act: Celebrating and Securing
Diwali brings immense joy, but it does not have to mean emptying your pockets! It is the perfect time to find the balance between celebrating and securing your financial future.
Dhanteras and Diwali Shopping:
Establish a budget for the Diwali season as you plan how to decorate your home with Diyas. Make a list of everything you need for the celebrations, including decorations, gifts, sweets, and other requirements. Allocate a reasonable amount to each category, and try to follow it. It will help you plan your future with a larger-scale investment.
Buying Gold on Dhanteras: A Timeless Tradition
Gold is a Diwali favourite. Investing in gold on the day of Dhanteras is a timeless tradition and a common practice among investors. While it is good to buy gold on an auspicious day, it is necessary to consider the rise in the price of gold during the festive season. So, if you are looking for sustainable assets, alternative investments with fixed returns are the right choice.
Diversify this Diwali: Like Sweets for Your Portfolio
Imagine if you only had one kind of sweet during Diwali; it would get boring, right? Similarly, when it comes to investments, diversify! Spread your investments across diverse asset classes like real estate, stocks and bonds.
But remember to look for market indicators and always have an asset class to back up all your other investments. And that is alternative investments. It acts as a hedge against inflation in uncertain times and lights up your portfolio diya.
Informed Investing: Knowledge is Your Best Friend
While you are engaged in planning your Diwali parties, do not forget to plan your investments. Research different options, talk to experts, and understand the risks involved. Being well-informed about your investment is as important as knowing your guests at the Diwali get-together
Conclusion:
Just like you set goals for the perfect Diwali celebration, set some realistic financial goals. Think about what you want to achieve – a dream home, your kid’s education, a comfortable retirement. Investments are like Diwali decorations; they get better with time.
As you light up your home and heart this Diwali, remember that financial enlightenment can be just as illuminating. At GHL India Asset, we extend our warm wishes for a Happy and Prosperous Diwali, and we hope your investments shine as brightly as the Diwali lights!
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