ReaFestive season is around the corner. Diwali, the festival of lights is about to fill the mood with warmth and kindness. Diwali celebrations revolve around Goddess Lakshmi, the idol of wealth and therefore it is important to learn the wealth management and investing lessons it can offer. The business community in India has a special connection with the festival and domestic marketplaces tend to see a rush in activities this time around. Diwali is also considered a particularly auspicious time to acquire new possessions. Even the local stock markets tend to participate in the Diwali festivities and remain open during non-market hours for a special Muhurat trading session on the evening of Lakshmipujan. However, the festival is not just about celebrations and shopping and offers some very insightful investing lessons. Here’s what you can learn as an investor this Diwali.
Planning ahead: Planning is the essence of success. You tend to think about buying new clothes, household stuff, gifts etc before Diwali. This entails a lot of planning and also needs a careful allocation of funds.
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