Learn great investment lessons from Lord Ganesha!

Start your investment journey in this Ganpati festival 2020.

Lord Ganesha, Financial Guru!

Ganesh Chaturthi, also known as Vinayaka Chaturthi, is a Hindu festival celebrated with the arrival of Ganesha on earth from Mount Kailash with her mother goddess Parvati / Gauri. With this arrival a lot of happiness and finances have come to earth.

Learn great investment lessons from Lord Ganesha!

Lesson 1: Big Top Head Represents Wisdom!

The giant head represents a vast ocean of comprehensive thinking, forward thinking and knowledge. According to some versions of the myth, Lord Ganesha's head was obtained from an elephant and signifies intelligence and intelligence.
As an ardent devotee and / or keen investor, elephant gods teach us to keep an open mind, think prudently, and acquire knowledge. Keeping your mind open will help you see all the options and make wise investment decisions.
Create a smart goal-based financial plan and act prudently to secure your future. After 3 years, 5 years and 10 years, looking at the effect of inflation on different investment methods, estimate this further and select the type of Investment Avenue accordingly.

Lesson 2: Big ears are symbolic for good listening skills!

Without good listening skills, communication would be incomplete. Ganesha's large ears indicate that he is a good listener. Similarly, to be a good investor, one must be a good listener. A good investor widens ears only to offer financial advice.
When you ask relevant questions and listen to the advice of an ethical, impartial, experienced and research-backed financial advisor, you will make better investment decisions. Always remember to involve your family in the decision making process and listen to their financial goals and desires.
Treat your ears as a funnel to filter out important advice from irrelevant people. Keep your ears on the ground for any relevant news reports and events around you to guide you in making well-informed investment decisions.
Listening in conjunction with knowledge will enable you to filter and choose what is right for you. Keep your needs, aspirations, and desires in mind for your financial goals, investment horizon, financial condition, age, risk profile and the number of years left to accomplish your goal.

Lesson 3: Focusing with the Eyes!

If you must have noticed that Lord Ganesha has small eyes, he tells us about his focused approach to achieve anything and looks at the details with concentration. Likewise, as an investor you should always focus on your personal goal-based investment plan.
This will enable you to build a well-diversified strategic portfolio based on your asset allocation that will try to defeat inflation and meet your financial goals. Also, it will also help you in eliminating the unnecessary noise of the herd.
Having a holistic approach and a long-term view helps maintain and grow wealth.

Lesson 4: Adaptability to the Trunk!

The resilience of the trunk of Ganesha represents his favorable nature and he is righteous. Therefore, Swami is also known as Vakratund.
As an investor, you need to track and review your investment portfolio to see if its performance is supporting your wealth creation journey.
Regularly evaluate your portfolio to know how to be patient on a particular investment and when it is time to change it.
In addition, to adjust your portfolio efficiently, is aware of any new investment options with an open approach. And keep in mind any important news that may affect your financial planning and investment.

Lesson 5: Removing the Bad from One-Tusk!

Ekadantya (Ek-Tussaud) is another name of Lord Ganesha. One of his traffickers is symbolic to drive out the bad from the good.
Many investors do not know what bad investments are in their portfolio. Holding under performers in your portfolio is as harmful as removing qualified investments from your portfolio.
When you review your portfolio and want to meet these goals quickly, carefully remove the under performer from the out performers.

Lesson 6: Bigger belly represents more endurance!

Lord Ganesha's huge belly teaches you to streamline the investment as if you are eating your food or God's favorite sweet dish (modak) with little finesse. Your investment should be made according to your appetite (risk, age, financial condition).
It would be best to invest systematically and diligently. So start small through the SIP route; you can increase the amount gradually according to your financial capacity. Due to the average cost of rupee and the power of compounding in volatile markets, your money will increase over time.

And at the same time, investing outright in short-term funds can work to build your contingency reserve. Contingency reserves (or emergency funds) are a means of taking care of you and your family's expenses during an emergency, such as a job loss, a market accident, a medical emergency or any unfortunate event that results in economic loss for a period Comes with.

For these reasons, it is advisable to set about 12 months of your regular expenses in a savings bank account or if you want a better interest rate, you can also choose to sweep in an account, a flexi deposit, or a liquid fund or overnight fund. Many do not hold contingency funds and undergo both financial and emotional trauma under harsh or extraordinary circumstances.

Lesson 7: The ax is not being biased!

The ax uttered by Ganesha tells us not to fall prey to emotions or prejudices of any kind during the investment. Think logically and independently, do not let the short-term causes of market decline lose your peace of mind. Do not redeem your investment or close your SIP during this phase. In fact, think like a successful investor, focusing on the long-term rewards of accumulated wealth (modak, Ganapati's favorite dish).

Likewise, when you see excessive losses in your portfolio over the long term due to frequent under performance in different market cycles, or sudden changes in your risk appetite, do not disturb any anchoring bias for that investment because it is your financial well. Is unhealthy for- being done.

Lesson 8: Simple Life with a Mouse (Humility)!

In Hindu mythology the little mouse is depicted as the vehicle or vehicle of Lord Ganesha. It speaks of his humility, demonstrating life's most important lesson: simple living, high thinking. Learning to live within your means is the first step; saving more than you spend, avoiding impulsive purchases through credit card offers, and demanding instant gratification. Let go of harmful spending habits, set a budget, then save and invest wisely. High thought gives you the right to aspire for a better tomorrow through a strong financial plan.

More lessons of Lord Ganesha prayer -

Chintateshwar Ganesh teaches clear objectives while investing.

Despite Lord Ganesha's small and focused eyes, he has a focused mind which indicates having a clear objective of "where to invest". Money is especially your main concern when investing; Security and returns are considered most important. Do a comprehensive research and opt for a focused investment portfolio that meets your financial objectives.

'Gajanan' signifies - to achieve higher profits through long term vision.

Think Big Looking at Investment Plans! The big head of Lord Ganesha teaches you to think critically on your investment plans to set large profit margins with a long-term outlook. Analyze your investment strategy with the aim of preparing a comprehensive financial plan.

Ekadantaya Ganesh directed to remove bad investment schemes.

Do not let negative influencers affect your prosperity! Ganesha’s strong tucks give the message of eliminating negative advice. You can ask your people, get help from financial advisors, or get suggestions about financial planning from net banking advertisements. But, choose an investment plan that is ideal for your financial goals after rational evaluation.

Riddhi-Siddhi giver, Ganesh suggests you to know the payback timing.

Lord Ganesh is a small symbol of didactic knowledge indicating that not every investment plan is for the life of retirement, there are different short term goals as well. So, understand the need for finance and earn cash from your investment in the desired period.

Take advantage of the "offerings" of successful financial planning.

'Modak', the favorite food of Lord Ganesha, represents the positive results of your investment. Better investment planning and focused financial goals will successfully reward you with sweet returns. Take the advice of the Supreme Financial Guru, Lord Ganesha and follow the path of prosperity!

Conclusion:

We will try to imbibe these lessons for our overall financial well being. Develop our pool of knowledge and gain wisdom from our successes and mistakes. Perseverance grows wealth.

Happy Ganesh Chaturthi!