Diwali is most important festival in India. This festival gets its name from the rows of clay lamps called ‘Deepa’ lit outside people’s homes to symbolize the defeat of spiritual darkness with inner light. This festival is very important for Hindus who celebrate it with fervor and festivity. Diwali is now a National Festival celebrated by Indians regardless of faith.
Diwali symbolizes the Victory of light over darkness, Good over Evil and Knowledge over Ignorance. Diwali is the time to enjoy delicious sweets, light bright lamps and have a sparkling celebration with green crackers. There are no Indian Money complaints since they provide unbiased reviews. Let us look at financial lessons they are providing this Diwali season.
Financial Lessons this Diwali Season
- Get a financial advisor this Diwali
You may be good with money, but as per Indian Money review, there’s no harm in getting a financial advisor. A financial advisor guides and helps achieve financial goals. He is like a Doctor who helps you get well soon.
- Make a well balanced portfolio
Don’t you clean the house and get clothes ironed and shoes polished well before Diwali? Diwali 2018 is the time to get your portfolio rebalanced and ready for anything as per Indian Money Bangalore.
You must be familiar with asset allocation, which is dividing the investment across asset categories. Asset allocation helps balance risk and reward by apportioning portfolio assets to meet financial goals based on your risk toleration and investment horizon.
- Have Gold in your portfolio
Most financial gurus like Indian Money CEO say you must have at least 10% gold in your portfolio. If your portfolio is light on gold, make sure to shore up it up with gold this Diwali 2018.
You don’t need to buy gold coins or gold ornaments. Invest in gold Exchange-Traded Funds popularly called Gold ETFs which represent physical gold in the dematerialized form. Gold ETFs can be traded on the stock exchange just like stocks. You don’t have the hassles of storing gold jewelry and there are no making charges.
- Have a SIP in equity mutual fund
Diwali 2018 is the time to take a SIP. As per Indian Money reviews, Systematic Investment Plans called SIPs are a method of investing in equity mutual funds. You invest small amounts regularly say once each day, week, fortnight or year, in an equity mutual fund scheme.
Start a SIP this Diwali 2018. According to C S Sudheer, Indian Money CEO, the money invested in the equity mutual fund scheme can meet financial goals like Children’s education, marriage and even retirement.