10 Things you can buy this Dhanteras

Diwali is the festival of prosperity and light; and Dhanteras is the first day of the 5 day Diwali festival. This Dhanteras, investors can plan for long term wealth which will help formulate one’s portfolio.

If you are one of those investors who have a plan to impress Goddess Lakshmi by purchasing some stocks during the Muhurat trade, it is time you realize that Diwali is just another day of trading. Investors should always be sure that their investments are process driven and are not driven by occasion.

However, investors can think on the other lines of investing this Diwali and they can plan to create the wealth long term and also set their long term financial goals and asset allocations. During the festival of Diwali, one can invest in appreciating or depreciating assets. One needs to invest in appreciating assets by understanding the risks involved.

Let us now have a look at the 10 things one can buy this Dhanteras:

1.  Gold & Silver
Gold and Silver are the precious metals that are the most favourite of all the assets for Indians. Gold & Silver Investments in Dhanteras are considered to be auspicious and find the origin in the scriptures. Indians have always been pro to Gold & Silver Investments in Dhanteras due to their potential for a good appreciation in long-term. However, many buy gold in the form of jewellery rather than in gold coins and bars. Get live updates of gold market

2.  Invest in Equity
Dhanteras and Investing go hand in hand. But traders need to follow a well-planned approach while investing in equity by following long-term strategies rather than the haphazard short term strategies. You always need to have a disciplined approach for investment as it helps to take care of the market imperfections.
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3.  Invest to Save on Taxes
Many of them invest haphazardly to save on taxes and if you do so, it is time you change that. Make investments for tax saving purposes a part of your investment plan. One can invest in options like PPF, NSC and ELSS.

4.  Insurance
All of us are aware that Insurance is for protection and hence one can invest in a good term insurance policy as it can act as an asset for you and your family. While doing so, also be beware of those polices that combine both insurance and investment. These might do more harm than good in the long run. You need to make sure you have adequate risk cover by choosing life and health insurance. If you have a young family, floater health insurance is the ideal one.
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5.  Invest in SIP
Investors can invest in SIPs with a clear time defined goal; more time you give your equity, better returns you earn with the power of compounding. SIP Calculator

6.  Invest in Gold ETFs
Gold Exchange Traded Funds or ETFs, as they are called, are a quite popular form of investment these days. These mutual fund schemes invest only in gold and are ideal for those who wish to invest in gold every Dhanteras. But, with Gold ETFs one would be investing in electronic form rather than the physical gold. Gold ETF and E-Silver can fetch good returns in the long run.

7.  House
All of us dream to own a house. While some need it to stay, for others it is just a form of investment. With the festive season around the corner, there are many offers on the card from both, builders as well as the banks on properties and loans. What else can be a more auspicious day to buy that dream house of yours than the day of Dhanteras?
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8.  Vehicle
Auto sales too are quite high during Diwali as there are quite a number of offers from the sellers to lure the buyers. Though car is a depreciating asset and not an investment, many prefer Dhanteras as an auspicious day to bring home the new vehicle. If you already own one, you can exchange it for a new one.

9.  Electronics
Every household wishes to bring in something new on the day of Dhanteras and for youngsters, it is the time to get their hands on their favourite gadgets. In India, most of the youngsters prefer to buy electronics like smart phones, gaming consoles etc. on the day of Dhanteras.

10.  Other Financial Investment 
Dhanteras is also considered as an auspicious day to plan and invest in other financial assets like bonds and fixed deposits that get appreciated with time.
Finally, Motilal Oswal wishes all the readers a very Happy Diwali. Just control the instincts and plan for a safe investment to fulfil your goals.