इस नवरात्रि में जानें धन के नौ रंग

नवरात्रि उत्सव का समय होता है जब परिवार एक साथ नृत्य करते हैं और मौज मस्ती करते हैं। हालांकि, मौज-मस्ती और पारिवारिक बंधनों के अलावा हम नवरात्रि के नौ रंगों का उपयोग करके अपने वित्त को बेहतर ढंग से प्रबंधित करने के बारे में भी बहुत कुछ सीख सकते हैं, जो देवी के नौ रूपों से भी मेल खाता है।

1. स्लेटी (ग्रे)

पहले दिन का स्लेटी रंग देवी शैलपुत्री के लिए है जो बहुतायत और समृद्धि का प्रतीक हैं। यह बहुतायत और समृद्धि प्राप्त करने के लिए उचित वित्तीय नियोजन से सीधे संबंधित है। एक निवेशक के रूप में हमें अपनी निवेश योजनाओं को इस तरह से विकसित करना चाहिए जिससे हमें नुकसान से बचने में मदद मिले और इसलिए धन को अधिकतम किया जा सके।

2. नारंगी

नारंगी रंग देवी ब्रह्मचारिणी का प्रतिनिधित्व करता है जो ज्ञान के लिए शाश्वत खोज का प्रतीक है। एक सुरक्षित और बेहतर वित्तीय भविष्य के लिए निवेश उत्पादों और वित्तीय मामलों के बारे में ज्ञान जरूरी है। सही ज्ञान हमेशा हमारे वित्तीय पथ के लिए प्रकाश का मार्गदर्शन करेगा। यदि हमें वित्तीय निर्णय लेने के मूल सिद्धांतों का ज्ञान हो, तो बेहतर निर्णय लेना आसान हो जाता है।

3. सफेद

सफेद रंग देवी चंद्रघंटा का प्रतीक है जो संतुलन और संयम की शिक्षा देता है। निवेश संबंधी निर्णयों में भी हमें जोखिम और प्रतिफल के बारे में संतुलन बनाने की आवश्यकता होती है। संतुलन और संयम के सिद्धांत निवेशकों को अपने वित्तीय निर्णयों के लिए बेहतर दृष्टिकोण अपनाने में मदद करते हैं ।

4. लाल

लाल रंग ऊर्जा का प्रतीक है और देवी खुशमांडा का प्रतिनिधित्व करता है। यह रंग हमें बेहतर वित्तीय भविष्य के लिए सक्रिय रहने के लिए कहता है। हमें दीर्घकालिक लाभ और अच्छे वित्तीय निर्णय लेने के लिए उत्साही और ऊर्जावान होना चाहिए।

5. नीला (रॉयल ब्लू)

दैवीय शुद्धता का प्रतीक रंग रॉयल ब्लू, देवी स्कंदमाता का प्रतिनिधित्व करता है। शुद्ध रूप में होने का अर्थ दिल से ईमानदार होना और मूल बातों का पालन करना भी है। बेहतर वित्तीय योजना बनाने के लिए, पैसा कैसे काम करता है, इसकी मूल बातें जानना आवश्यक है।

6. पीला

पीला रंग देवी कात्यायनी का है जो भावनाओं को सही दिशा में ले जाने के लिए खड़ा है। लालच, भय, क्रोध आदि भावनाओं के आधार पर वित्तीय निर्णय नहीं लिए जा सकते हैं। एक अच्छा निवेशक तथ्यों के आधार पर निर्णय लेता है भावनाओं के आधार पर नहीं।

7. हरा

हरा रंग देवी कालरात्रि का है जो शक्ति या शक्ति के लिए खड़ा है। प्रत्येक व्यक्ति की अपनी ताकत और कमजोरी होती है, इसलिए सभी प्रकार के वित्तीय निवेश हर किसी के अनुकूल नहीं होते हैं। हमें अपनी जोखिम उठाने की क्षमता की पहचान करनी चाहिए और उसके आधार पर निवेश करना चाहिए और केवल इसलिए उच्च जोखिम वाले निवेश में नहीं कूदना चाहिए क्योंकि हर कोई ऐसा कर रहा है।

8. मयूर हरा

मयूर हरा रंग देवी महागौरी का प्रतिनिधित्व करता है जो आशा का प्रतीक है। आशा एक आशावादी दृष्टिकोण और धैर्य के लिए रास्ता बनाती है आज भले ही एक वित्तीय निर्णय ने बुरा मोड़ लिया हो, पर इसे एक सही निर्णय से भविष्य में बेहतर किया भी जा सकता है।

9. बैंगनी

सिद्धिदात्री बैंगनी रंग का प्रतिनिधित्व करती हैं जो महत्वाकांक्षाएं और सपनो की देवी है । हालाँकि, केवल महत्वाकांक्षी होना वित्तीय लक्ष्यों को प्राप्त करने के लिए पर्याप्त नहीं है। हमें अपने वित्तीय लक्ष्यों के प्रति एक अच्छी तरह से शोध और नियोजित दृष्टिकोण की आवश्यकता है, अन्यथा, यह रास्ते में भटक सकता है। इसलिए, हमेशा एक वित्तीय विशेषज्ञ से परामर्श करना चाहिए जो सही संसाधनों के साथ हमारी वित्तीय महत्वाकांक्षाओं के लिए मार्गदर्शन कर सके।

नवरात्रि सही दिशा में कदम उठाकर बुराई पर अच्छाई की जीत का प्रतिनिधित्व करती है। इसी तरह, आइए प्रार्थना करें कि नवरात्रि का प्रत्येक रंग हमें बेहतर वित्तीय निर्णय लेकर अपने वित्तीय लक्ष्यों के करीब आने के लिए प्रेरित करे।

Learn nine colours of wealth in this Navratri

Navratri is a time of celebration when families come together dance together and splurge. However, apart from all the fun and family bonding, there is much more to learn about managing our finances better using the nine colours of Navratri, which in turn corresponds to the nine forms of the goddess.

1. Grey

The grey colour of day one is for Goddess Shailaputri who symbolises for abundance and prosperity. It is directly related to proper financial planning, to gain abundance and prosperity. As an investor we should develop their investment plans in a manner that will help us to avoid losses and therefore maximise wealth. 

2. Orange

The colour Orange represents goddess Brahmacharini who stands for the eternal pursuit for knowledge. For a secure and better financial future knowledge about investment products and financial matter is a must. Right knowledge will always be guiding light for our financial path. . If one’s knowledge of the core principles of financial decision making is in place, it is easier to make better decisions.

3. White

The White colour symbolises goddess Chandraghanta who stands for balance and moderation. In the investment decisions also we need to balance about Risk and Returns. The principles of balance and moderation will help investors take a better approach to their financial decisions.

4. Red

The colour Red stands for the energy of all forms and represents goddess Khushmanda. This colour tell us to be proactive for a better financial future. We should be enthusiastic and energetic to take good financial decisions for long term gains.

5. Royal Blue

The colour Royal Blue for divine purity, representing goddess Skandamata. To be in the pure form also means to be in honest at heart and follow the basics. To have better financial planning, it is essential to know the basics of how money works.

6. Yellow

The colour Yellow is of Devi Katyayani who stands for channelling emotions in the right direction. Financial decisions cannot be taken on emotions like greed, fear, anger, etc. A good investor will take decisions based on facts and figure not the emotions.

7. Green

Green colour is of Goddess Kalaratri who stands for power or strengths. Every person has his own strengths and weakness, hence not all type of financial investments suit everyone.  We should identify our own risk appetite and invest based on that and not to jump into high-risk investments only because everyone is doing so.

8. Peacock Green

The colour Peacock Green represents Devi Mahagauri who stands for hope. Hope makes way for an optimistic attitude and patience that even if a financial decision took a bad turn, it can be fixed by making better decisions in the future.

9. Purple

Devi ambitions and dreams goddess Siddhidatri represents Purple colour. However, merely being ambitious is not enough for achieving financial goals. We need to have a well-researched and planned approach towards our financial goals, otherwise, it might get lost on the way. Hence, it is always advisable to consult to a financial expert who can guide for our financial ambitions with the right resources.

Navratri represent the victory of good over evil by taking steps in the right direction. Similarly, let’s pray that each colour of Navratri inspires us to get closer to our financial goals by making better financial decisions.

Few Money Lessons from Lord Ganesha

In Hinduism, Lord Ganesha holds the unique distinction of being the “Prathama Pujaya”, meaning the first lord to be worshipped. Every occasion or religious ceremony starts with the worship of Lord Ganesha. In India, and especially in Maharashtra, the 10 days of Ganesh Chaturthi celebrations mark joy, fervour and optimism for the future. We will find almost every home/office/shops adorned with an idol of Ganesha because of the eternal lessons that Lord Ganesha offers. Let us learns some important Money Lessons from Lord Ganesha:

 1. Listen everything but be focussed in Mind 

When we plan our finances, there are two important points. Firstly we must get the bigger picture right and then move on the investment plan in an organized manner. In the financial markets, listening to different viewpoints is the best way to get the bigger picture before taking decision. Lord Ganesh’s large ears embody the willingness to listen while his small and keen eyes embody a mind that is absolutely focused on the goal. When it comes to financial planning, we need to thoroughly weigh all the options but once the decision is made, we must channelize all our energies to focus on the goal. That is what Lord Ganesha teaches us.

2. Flexibility & Adjustments

Ganesha is also known as Vakratunda- the one with a curved trunk. His trunk is very strong but is also very flexible and can pickup very small things also. Similarly as an investor if a new opportunity knocks on the door, we need to make adjustments to reap additional benefits. We should regularly review our portfolio and keep looking for better opportunities. We should be flexible in terms of asset diversification, timeline adjustments and the amount of investment based n circumstances.

3. Have thirst for knowledge

Lord Ganesha is believed to have documented Mahabharata with great speed and clarity  this represents the highest levels of intellectual curiosity. Similarly we should remember the biggest investment is in knowledge and self improvement. That is an important lesson in the dynamic world of financial markets. Many variables/indicators keep on changing which means that we need to keep on expanding our knowledge base and incorporating new ideas and techniques. That is only possible with a thirst for knowledge. It is this thirst for knowledge and intellectual curiosity that can empower us to manage your investments and finances in better way. Keep learning about new investment products, new investment ideas, new methods to achieve financial goals.

4. Take Calculated risk

Risk taking is a must because without risk there is no return. The sumptuous belly of Lord Ganesha represents the risk appetite. It also represents the need to know the difference between risk appetite and risk capacity. The particular instance when Lord Ganesha circum-ambulates his parents (Lord Shiva and Goddess Parvati) as representative of the universe is a classic instance of letting your head rule over your heart. Lord Ganesha teaches investors to measure their actions by their risk capacity and to be driven by clear analysis.

5. Be Humble

Despite being supreme power Ganesh have a little mouse as his vehicle. It is always at his feet. Here Ganesha tells us to keep our temptations and desires in control. When we manage to get a few investment ideas right the immediate response is to become supremely confident. Lord Ganesha constantly reminds us the lessons of humility. As it ever happens, if not kept in check, a tiny mouse can bring the house down.

Lord Ganesha’s Visarjan on tenth day (on Annant Chaturdashi) also teaches us an important lesson that all good things are ephemeral. The message is Good times don’t last forever but good ideas and strategies does.

This year as we celebrate the joys of Ganesh Chaturthi, Let us also spend a moment to reflect on the important Money and life lessons of Lord Ganesha.

 

 

What should we learn from the Crisis?

We get panicked when we see that our whole life’s savings/investment reduces to half its value in a just a year. But yes this is also the reality and faced by many investors during 2008-09 crisis. The investors’ money reduced by almost 60% (assuming the money was invested in BSE Sensex) within January 2008 to March 2009 period.   It needs extra ordinary courage and patience to digest such kind of loss and remain invested. However those who continued for next two years they were back in profit  If we see the historical returns the market since has given approx. 10% average annual return if my holding period is more than five years. So what should we do where there is a bloodbath in the Dalal-Street and how to survive this kind of situations, lets us find it out.

  1.  The most important lesson we should learns from past crisis is that Stock Markets goes ups and down but will finally react to the underlying economic signals. It will recover back if the underlying economy grows. However the small retail investors typically buy when markets are high and sell when markets crash. We have seen it in 2008 crisis. The mantra is: Buy Right products and hold, don’t get into panic selling. Usually there is a sharp recovery after a crash which cannot be encashed by the immature investors except may be few experts and hence small investors are most likely to miss the recovery. Unless we are invested, we could not gain from the market recovery. The strategy should be holding a well-diversified portfolio (through diversified mutual funds) rather than just a few stocks.

  2.  The old saying “Never keep all the eggs in one basket” is always relevant especially in case of the investments.  In the past we have seen various themes like IT, Pharma, Infrastructure funds which have done exceptionally well for some time but also turned huge negative when the hype related to these sectors waned out. We need to diversify our assets in different asset class like equity, debt, gold, real estate etc., not just that within asset class also we need to diversify further like in case of equity we should spread our investments in Large, Mid & Small cap Diversified Funds, Sector funds have higher risk and should be limited to only a small portion of the total portfolio. Diversification is very important and while analysing the return part we should see the portfolio return rather than one particular class of the assets.

  3. Portfolio Rebalancing is another important thing need to be practiced in investments. Normally  when the market rises we get carried away with it and forget the prudence while increasing the allocation in that particular asset class, rebalancing has a purpose and should be practiced in a systematic way. First we should decide how much debt and equity we are comfortable with based on our risk appetite and financial goals.  Once it is decided it should be practiced and rebalancing should be done when one asset class goes up. For example if we have decided 50:50 as equity and debt and due to rise in equity market the portfolio moves to 65:35, in that situation we need to redeem the excess equity exposure and brought it back to originally decided allocation.  As we reach to our financial goals we should reduce exposure from high risk category to low risk category.  By rebalancing we also tend to book profits in between while reallocating the assets.

We have seen a very sharp growth in mutual fund investments in last two three years. These are those new investors who have not seen a long and deep market crash like in 2008-09. The points mentioned above are very important for those investor. If an investor has begun to invest just by looking at the past few years’ returns and don’t have a proper plan/strategy, he will panic and sell at the first whiff of a longer market crack. Panic selling and greed-based buying will costs much, not just money but also the trust in the markets. Hence it is always better to take proper guidance from an expert.