India is often referred to as the land of festivals. The festive season in India begins around September and lasts till November. Diwali is probably the biggest festival of India. The festive season has already begun, and Diwali is just around the corner.
The Diwali week consists of Dhanteras, Narak Chaturdashi, Deepawali, New Year and Bhai Dooj. All these festivals have their own significance as per the mythology. Diwali time is considered to be an auspicious time for shopping and investing. People wait throughout the year for Diwali to begin their investment journey or even buying vehicles, gadgets, consumer durables etc.
Dhanteras is considered to be an auspicious day for buying utensils, gold and silver. As a result, jewelry shops are well decorated to attract customers. People often buy vehicles on Dhanteras and as per the record of last few years, Dhanteras accounts for the highest number of vehicle sales in India. Similarly, each day of this festive weeks holds a significance which can be applied to other investment as well.
Let us take a look about the various investment options that you can pick this Diwali.
Table of Content
Investment Planning – Five Days of Diwali and our Investment
- Dhanteras
- Narak Chaturdashi
- Diwali
- New Year
- Bhai Dooj
So, without further ado let us discuss about the various investment options that you can pick up this Diwali week and ensure prosperity.
Dhanteras
This festival marks the beginning of the Diwali season. Dhanteras is usually celebrated 2 days before Diwali and is considered to be an auspicious occasion for buying and investing in gold and silver utensils. However, investing in physical form of Gold incurs various extra costs which are not even a part of your investment portfolio in the form of making charges and taxes.
This Dhanteras you can invest in precious metals with Commodity Bullion service from CapitalVia which provides you exclusive recommendations for trading in Gold and Silver.
Narak Chaturdashi
The day before Diwali is known as Narak Chaturdashi or Roop Chaudas or Chhoti Diwali. Oil bath is taken this day to remove all impurities from the body. This day you can invest in Quartile M service from CapitalVia which provides you with short term stocks for investing. This service is perfect for investors who wish to invest in delivery trades for short term basis.
It Quartile M is perfect for short term traders who wish to capture short term swing in the market with a weekly holding period.
Diwali
Celebrated on the third day of Diwali week, Diwali marks the beginning of new Hindu financial year, which is often known as “Samvat”. It is believed that the new year brings prosperity and health into one’s life and therefore Goddess Lakshmi, who is known as the Goddess of Wealth is worshiped in Diwali.
If you are planning a long-term investment this Diwali for the upcoming new financial year, Diwali Neuron is the perfect product for you. Diwali Neuron provides you with 6-10 stocks selected in the basis of fundamental analysis which you should have in your portfolio.
New Year
The next day of Diwali is the beginning of the new year. It is often believed that beginning the new year with prosperity ensures the same for the whole year. New account books are opened on this day and the old ones are discarded.
Vector Cash is a service which helps you trade intraday by providing research-based recommendations in the cash market. It can be the perfect service for you to make the most out of the intraday cash markets. You can also choose Vector Options if you want to trade in the Options market instead of the Cash market.
Bhai Dooj
This is celebrated on the second day after Diwali and holds a prime significance in strengthening the bond between siblings. Instead of gifting materialistic things this year to your sisters, it is recommended to gift her the benefits of a planned long-term investments. Investing using the best investment strategies of well-known investors may provide her with good returns in the long term.
Some of the products for investing in the long term based on investment strategies include Peter Lynch Market Neuron, The Buffet’s Way Market Neuron and Growth and Dividend Market Neuron. You can also check out various other options of Market Neurons as well.
Conclusion
While Diwali is considered to be an auspicious time for investment, it is recommended to get your risk profile analysis completed to have an idea about your risk bearing capacity. A SEBI registered investment advisor can help you in having your risk profile updated.
Happy Trading!
