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On hearing the name of Dhanteras, a picture of gold and silver coins, shiny new utensils and happiness coming home comes to mind, isn’t it? Our elders have always said that on this auspicious day, we should buy something that will bring blessings to the house.
But what if, this Dhanteras, you go one step ahead of utensils and jewelery and buy something which not only gets old with time, but keep increasingYes, we are talking about investing at the right place.
This is an auspicious time when you can lay a strong foundation for the future by investing your hard-earned money. So let us know those 6 great investment avenues, which can open the doors of wealth and prosperity for you this Dhanteras.
1. Gold: Which has been everyone’s favorite for centuries
Dhanteras seems incomplete without gold. This is not just a tradition, but the biggest support in difficult times.
- an advice: Whenever you buy gold, buy it only after seeing the BIS hallmark. This is a guarantee of its purity. This is an investment that gives both peace to the heart and strength to the portfolio.
2. Digital Gold: Just one click, and the gold is yours!
If you do not feel like going to the market to buy gold or are worried about keeping it at home, then digital gold is made just for you.
- Advantages: You can buy gold whenever you want, as much as you want (at the lowest price) right from your phone. No fear of theft, no expense of locker.
3. Afraid of the stock market? It is SIP, isn’t it?
Many people are afraid of investing money directly in the stock market. If you are also among them, then mutual funds are the safest path for you.
- Magic of SIP: By investing a small amount every month you can build a huge fund in the long run. This reduces the risk and gives excellent returns.
- Double benefit: If you also want to save tax, then invest in ELSS mutual funds. Here money also increases and tax exemption is also available.
4. Government Bonds: Where your money is 100% safe
If you want an investment where there is no risk, then government bonds are for you. This gives your investment the stability that everyone needs. It may not make you rich overnight, but it ensures that your money will not go away.
5. Old Age Support: PPF and NPS
This investment is not for today, but for your ‘tomorrow’. There is nothing better than PPF and NPS to secure your retirement. These not only give you a stable return but also help in saving tax. A small investment today will become your biggest support in old age.
6. ‘Hot’ shares of the market: Auto and defense sectors
If you are ready to take a little risk, then experts have their eye on auto and defense sector stocks this year. Due to the ‘Self-reliant India’ campaign, tremendous growth is being seen in both these sectors.
- a warning: Stock market is not a game of emotions but of mind. Invest money not on anyone’s advice, but only after complete research.
This Dhanteras, be sure to include one of these ‘investments’ in your shopping list. Because real prosperity is that which gives happiness today and also secures the future!