Ganesh Chaturthi 2019: Top investment tips that would help you become rich, say experts

Ganesh Chaturthi Investment Tips: Goal-oriented investment, hold on emotions, change in tactics if needed and minimising the risk factor are some of the preachings that one can incept while investing.

Ganesh Chaturthi Investment Tips: Following Lord Ganesha tactics while investing can help you be in command of your finances and make sure you address each life goal with impunity. Photo: Reuters

Ganesh Chaturthi Investment Tips: While the whole nation is busy celebrating Ganesh Chaturthi 2019, the festival also gives a chance to investors to take inspiration from Lord Ganesha and grow their wealth. The investment experts are asking their clients to learn from Lord Ganesha and maximise their returns. Speaking on the Lord Ganesha tricks that an investor can apply in one's portfolio while investing Rahul Jain, Head, Personal Wealth Advisory at Edelweiss said, "Having a goal oriented investment, holding one's emotions, change in tactics if needed and minimising the risk factor are some of the preachings that one can incept in one's portfolio on this Ganesh Chaturthi is bound to maximise once returns."

1] Goal oriented investment

The tale of Lord Ganesha and Lord Kartikeya's battle for superiority suggests not to lose sight of goals, similarly, it is essential to have a holistic picture of your financial goals and invest accordingly. A goal-based investment approach helps you choose the right instruments and ensures you have the required funds when needed.

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Speaking on the Lord Ganesha tactics that an investor can apply while building his or her portfolio this Ganesh Chaturthi, Rahul Jain, Head, Personal Wealth Advisory at Edelweiss said, "If you intend to build a corpus for retirement, your portfolio needs equity exposure as they have the potential to deliver inflation-indexed returns in the long run. Also, you must remain invested for the long haul as equities are volatile in the short-term. Similarly, for building an emergency corpus, liquid fund is your best bet, which not only offers better returns than a bank savings account but also can be easily accessed, when needed."

2] Hold on emotions while investing

During the battle of superiority Lord Ganesha hold his emotions under control that help him apply his mind and do the 'pradakshina' of his parents which was equal to a round of the world.

Connecting the Lord Ganesha preaching applicable in the world of investment Kartik Jhaveri, Manager — Wealth Management at Transcent Consultants said, "To achieve the required results in your investment, you neeed to address your key goals and leaving out emotions from investments is one such tool. For example, during short-term volatility, it is essential to remain patient and not exit the market. On the contrary, it is equally vital to dodge the herd mentality and avoid bettering on risky instruments in the lure of high returns."

3] Change tactics, if needed

When Lord Ganesha was asked to take a round of the world ahead of his elder brother Kartikeya, he was tempted to take a start but suddenly realised that his ride (rat) won't be sufficient to beat peacock (Lord Kartikeya's tool) and hence he changed his strategy and decided to take a round of his parents Lord Shiva and Godess Parvati. Investments call for a similar approach. For instance, it makes little sense to remain invested in instruments offering assured returns that are hardly inflation-beating, when saving for a long-term goal such as children’s higher education. Also, when you are nearing a goal, it is prudent to shift your investments from equities to debt to prevent a dip in the accumulated corpus due to market swings.

4] Minimising the risk factor

As Lord Ganesha knew the limitations of his aides in the battle of superiority against Lord Kartikeya, it helped him maximise his available strength and minimise the risk factor involved there. Similarly, investment strategies are no different. It is important to avoid undue risks and expose your portfolio to volatility. For example, while small caps have the potential to deliver superior returns as against large or mid-caps, they are riskier. You should invest in them only if you have the stomach to bear losses. Else, it is in your best interest to avoid them. Also, when you are set to accomplish a goal, capital protection rather than appreciation should be the aim.

"As evident, the plans deployed by Lord Ganesha against his elder brother Lord Kartikeya holds crucial lessons for investors. Following Lord Ganesha tactics while investing can help you be in command of your finances and make sure you address each life goal with impunity. At the same time, it enables you to build a legacy for the future," concluded Rahul Jain of Edelweiss.

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