Five Investment Tricks you can learn from Holi this Year
Holi is a festival that celebrates the destruction of evil with the joy of colours. Every year, Hindus get together to enjoy its festivities by dunking each other in different colours, eating sweets and spending time with family. You can find some vital share market investment advice wrapped within these festivities if you look closely.
We have spotted some of these for you. Here are five investment tips for those who invest in stocks to take away from Holi:
1. Play With Different Colours
Is Holi played with multiple colours or just one or two? An array of colours makes the festival more exciting and fun, adding to its zeal. Just like that, when investing in the share markets too, you need to diversify and invest in different stocks. Only then will you reap the full benefits of your investments.
Additional reads: Equity Trading: Here's everything you must know
2. Banish the Evil
As already mentioned before, Holi is a celebration of triumph over evil. On the eve before Holi, people light the Holika, symbolic of Hiranyakashyap's evil sister perishing in a fire while his son, Prahalad, comes out unscathed. Likewise, you must review and eliminate the evils in your portfolio. High-risk stocks without strong fundamentals can damage your portfolio, while stocks with solid fundamentals and good growth potential will grow your investments.
3. Enjoy the Sweets
No Indian festival is complete without sweets and delicacies. Holi is no different. From Gujiya to Thandai, it is a time to make the most of the exotic sweets made or sourced during the festival. It's not something that you get year-round. You need to wait for the festival to enjoy its sweetness. Likewise, you need to wait for the right time to reap the benefits of your investments. If you are patient and avoid high-risk bets, you can enjoy the sweetness of the wealth creation that will follow.
4. Be Safe Throughout
Holi is enjoyed best when you are safe with the colours you play with, choosing organic colours that won't harm you or the environment. Even while enjoying your sweets, you must do it within the limit to not put yourself at risk of diseases later on. When it comes to share market investments, too, you should exercise caution and safety. Only invest in stocks that match your risk appetite and you know will not harm your portfolio in the long run.
5. It's Good to Play Catch-Up
Whether you are catching up with family and friends after years of chasing them around to colour them good, this is a lesson in itself for share market investment. It is advisable to play catch up with your investments as well. Review them from time to time to see how they are doing. Just as you would check in with your family and friends about whether they are doing what they want with their lives, review whether your investments meet the goals you want them to.
There's something to learn from everything. You just have to look in the right places. Holi has share market investment tips buried in every part of its festivities. If you have any other observations, reach out to us and tell us!
Disclaimer – ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: firstname.lastname@example.org. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.