Invest while they spend
Diwali is a festival of light that brings together caregivers, but it also provides investors an opportunity to purchase gold, property investment, or even invest in some other things during the festival of light.
So many people have been taking advantage in 2022 with inflation, the rise of interest rates, the war between nations, and other changes in markets.
Amazing Deals on Diwali
The celebration of Diwali follows many other celebrations in India. In times of festivities, banks usually offer amazing deals on certain loan packages, even employees enjoy certain Diwali Bonus. Shopping becomes more exciting with numerous irresistible offers and deals for the customers. Not to leave out the insurance company and cars company, they offer some good deals to the people.
With all the celebrations continuing, people spend more than they save. Only a few conscious people take the chance to invest their money rather than spend it away on their desires.
The best investment can only occur when you keep a check on your spending habits. There are thousands of advice on investment out on the web. However, let’s take a look at some ideal investment plans you can carry out this Diwali.
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The best way to create wealth is sound asset allocation, therefore, don’t invest in any available portfolio on the markets.
Stocks
You can invest during Diwali in these stocks as recommended by Groww in 2022.
- VIP Industries Ltd. Luggage Manufacturing.
- Manyavar-Vedant Fashions Ltd. Clothing.
- Whirlpool of India Ltd. Electronics.
- Asian Paints Ltd. Paint.
Housing
There are some amazing offers on buying houses. Therefore, invest your money on housing property. Further, use that house as a rental property in the future.
Gold
Indians hold great value in gold. During this festival season, invest in Gold or Silver. Gold and Silver are the most popular options to invest during Diwali. In India, women love jewellery while others can also invest in gold bars or coins which are of highest purity. Apart from physical forms of investing in gold, people can also choose the electronic forms of investing like E Gold and Gold EFTs and other available options.
There are short-term corporate bond funds to invest in. Certain corporations sometimes raise money by issuing bonds to investors, and these can be packaged into bond funds that own bonds issued by hundreds of corporations.
Short-term bonds have an average maturity period of one to five years, which makes them less risky to interest rate fluctuations than intermediate or long-term bonds. Use the opportunity to invest this season.
Post Office
Instead of spending your money, you can also invest in a Post Office Time Deposit. Similar to the banks, post offices also offer FDs. Also known as Post Office Time Deposit, these investment options allow you to deposit your money for short-medium time periods in the PO.
The advantage of Post Office Time Deposits is that they offer better returns than banks in the market and the risk is lesser since it is backed by the government.
Use the advantage of this festive season to make most of your fortune.
