9 Crucial Equity lessons to ace the investment game this Navratri
The Navratri festival, which celebrates the triumph of good over evil, reconnects us with our roots and strengthens our love and faith in our ideals, cultures, and families. To secure long-term happiness and the welfare of loved ones, this is also the time to make tight financial plans and leverage the potential of equity stocks to the maximum. Navratri is celebrated to honour Goddess Durga, whose various incarnations embody unique characteristics and teach us values for leading an ideal life.
Here are nine crucial equity lessons you must focus on this Navratri.
1. Set smart financial goals
The first avatar of the goddess is Maa Shailaputri. She denotes awakening to begin the journey from the roots in the quest to achieve goals. Investors must start their journey with defined investment objectives. They must classify their financial goals.
2. Develop discipline
The second avatar of the goddess, Maa Brahmacharini, denotes calmness and dedication. She teaches investors the virtue of discipline in investing. The skill requires regular saving and investing, delayed gratification, spending frugally, etc.
3. Focus on the wealth creation journey
The next avatar is Maa Chandraghanta, a multi-tasker with 10 hands. She is prepared to meet any challenge. Investors must be ready to face market turbulences during their investment journey through portfolio diversification.
4. Plan your finances effectively.
The fourth incarnation, Maa Kushmanda, is revered as the primordial creator who brought light into the dark world. By symbolising her qualities, investors must create an effective financial plan that helps to control finances more effectively and create a wealthy corpus for a secure financial future.
5. Make informed financial decisions.
Maa Skandamata, the fifth avatar of Goddess Durga, is known to take action against evil and make wise decisions. Investors must make informed, unbiased, and worthy decisions.
6. Win over greed and fear
Destroying one’s inner demons is the essential learning from Maa Katyayani. In the investment world, greed and fear are two emotions that can lead to destruction. Investors must win over both while investing in equities and mutual funds.
7. Review and rebalance your portfolio
The seventh avatar is Maa Kaalratri, the fiercest of the nine forms and the destroyer of all evils. Embodying her traits, you need to eliminate all the underperforming investments from your portfolio.
8. Lower your debts
The avatar of Maa Mahagauri liberates worshippers of all their sins. Investors must learn to start on a clean slate by making meticulous efforts that help in reducing debt at the earliest.
9. Prepare for the worst.
The ninth incarnation, Maa Siddhidatri, possesses and bestows all kinds of supernatural prowess. Investors should empower themselves by maintaining their financial well-being to survive any unforeseeable events.
This Navratri, you can consider following these nine financial lessons to ace the equity game and bolster your wealth significantly.
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