8 Smart Reasons to Invest in Gold This Ganesh Chaturthi

Most Indians have an emotional attachment to gold as it has been a part of our culture and traditions since its inception. It is a versatile metal that serves many purposes such as aesthetics, investment, financial security, and as a symbol of prosperity. Gold investment has many benefits, one of which above all, is that you can use your gold as collateral to avail of a gold loan. Due to this reason, interest rates are often low because it is a kind of secured loan, which makes it an ideal option for those seeking financial aid during emergencies.

Table of Content

• Auspicious Day to Begin a New Endeavour
• Invest Wisely
• Be All Ears to Advice
• Be Determined and Disciplined
• Flexibility and Adaptability
• Remove All Obstacles
• Avoid Emotional Investing

Whether the investment is in physical gold or digital, there are numerous options for investing in gold. It is important to assess the value of your gold before purchasing. This is because the gold value determines the loan amount you are eligible for. Ganesh Chaturthi is an auspicious day as the theme of this festival is considered an excellent time to begin a new endeavour. This is the best time for a fresh start because Lord Ganesha is also called ‘Lord of new beginnings' and with his blessings, we may overcome all difficulties.

This Ganesh Chaturthi we wish you well on your financial journey. We offer you success, wisdom and 8 smart reasons to invest in gold.

Auspicious Day to Begin a New Endeavour

The most important aspect of any journey is to begin and what could be better than to start your journey to financial freedom on Ganesh Chaturthi? Lord Ganesh is called the Lord of new beginnings and it is imperative to start your investment journey on this day with the support and blessings from the Lord.

Invest Wisely

Lord Ganesha's appearance is symbolic, his head represents wisdom and intelligence. Keep an open mind while exploring investment ideas and make sure that you do thorough research before investing. Your decisions must be well-informed, if not it may lead to more uncertainties in an already volatile investment world. Do not follow the herd mentality.

Suggested Read: 6 Key Investment Concepts Beginners Should Know

Be All Ears to Advice

Lord Ganesha is also called Lambakarna and his large ears indicate that he listens intently. This is exactly what you must do before investing in gold. Try to gather information about gold investment from multiple sources and listen intently to what they have to say. If you have a financial advisor, then you should consider their views.

Pay Attention to The Details

Lord Ganesha's small yet sharp eyes have earned him the name Chinteshwara. This indicates the Lord's ability to concentrate amid distractions. From an investor's point of view, even if your investment is volatile, you must avoid the herd, stick to your plan and focus on your investments.

Be Determined and Disciplined

Lord Ganesh was so disciplined that he did not care even if it meant losing his life. You must aspire to be determined and well-disciplined, do not be extravagant. Make sure that your savings exceed your spending. Invest, to both grow and preserve your wealth.

Flexibility and Adaptability

Lord Ganesha's b and curved trunk symbolizes flexibility and adaptability. For this reason, he is called Vakratunda. From an investor's perspective, we are always looking for an opportunity to reap additional benefits. While doing so make sure to be flexible as you adapt to these new changes.

Remove All Obstacles

The decisions that you make while investing would either bring more obstacles or may remove all of them. Lord Ganesh is the remover of obstacles, may his blessings give you the wisdom to make good judgments and wise decisions that will remove all the obstacles and fill your life with pure joy.

Avoid Emotional Investing

They say while writing Mahabharat Lord Ganesh tugged off one of his tusks when his quill broke. Investing without being influenced by emotions is a good trait to possess. Losses may result from emotional investing. For instance, you could end up holding an investment for too much time or selling it too early when it would have been better to avoid doing so.

Different Ways to Invest in Gold

The best part about owning gold is that it isn't just limited to owning physical gold. Some common ways are:

• Gold Futures
• Gold Coins
• Gold Companies
• Gold ETFs
• Gold Mutual Funds
• Gold Bullion
• Gold Jewellery

Suggested Read: Gold Investment Options in India: Which One is Best for You?

Ganesh Chaturthi is an Indian holiday that is unique in itself. The celebration is a sign of hope. While you may think it is impossible to be like a God, the underlying point here is you don't have to be but rather have the qualities that the Lord possessed, which are human-like. Every Kind of investment comes with its own advantages whether you invest in physical gold or virtual forms.