Ganesh Chaturthi marks the beginning of the festival season in India. It is one of the most auspicious times of the year. Lord Ganesha is known to fill the life of his devotees with good health, wealth and prosperity. People consider this time best to enter into new ventures. It is believed that Lord Ganesha removes all the hurdles from your path if you work hard to achieve your goals.
Lord Ganesha is revered as the Lord of wisdom and intellect. The 10 day festival of Ganesh Chaturthi has a lot to teach us. It inspires us to live a better life and teaches us the value of money. Moreover, it helps to improve our economic conditions. In addition, it also teaches us financial lessons that help traders and investors to stay fit in the stock market.
Past Stock Market Records During Ganesh Chaturthi
During the period of Ganesh Chaturthi, the market has always performed well. The past year’s data is a reflection to that. Though the numbers for past few years is mere statistics but it reflects the nifty performance during the period. Let us have a look at rise in the nifty during the period of Ganesh Chaturthi.
However, a trader must be careful about the fact that the past performance is just an indicator. It is not a surety that market will show positive sentiments always, as you can see in the year 2018 market was negative. Let’s see what happens in the year 2019.
Happy Ganesh Chaturthi
Here are some financial lessons that one should learn this Ganesh Chaturthi.
Stock Market Lessons to Learn From Lord Ganesha
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Think Big – Ganesh Chaturthi
The big head of Lord Ganesh symbolises to think big. Moreover, we worship Lord Ganesha at the beginning of every new venture. So the lesson to learn here is, think big and be ambitious. Start investing your money in the stock market. It will not only secure your future but also help you achieve your financial goals. So begin your journey with a small investment and keep investing at fixed intervals. Follow the mantra of earning more, saving more and investing more!
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Listen Carefully
The large ears of Lord Ganesha teach us to listen carefully. One can earn well in the stock market only if they learn the importance of observation and listening. Moreover, if you are a beginner in the stock market, you must seek expert advice. Take lessons from them.Listen to them to learn the working of the stock market. In addition, acquire new skills and become financially literate.
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Protect Yourself
Lord Ganesha literally means protectors of multitudes. He protects us from all the obstacles and hurdles of life. Likewise, we can also protect ourselves by using right strategies. We can inculcate the habit of investing and secure our financial future. Similarly, after investing in stock market, we can use an appropriate stop loss to prevent from losses.
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Be Adaptable
The curvy trunk of the God symbolizes his adaptability. The lesson to learn here is one should be adaptable to all circumstances. The stock market is full of uncertainties. The indices can be green at the moment and can suddenly turn red. So, during such volatile time, you must act according to the market. You must adjust your strategy and stay calm when the market shows downfall.
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Control Your Desire
Lord Ganesha’s preferred vehicle is the mouse. This small creature teaches us to control our desires. Similarly, you must invest your savings instead of splurging. You must understand the difference between wants and needs. This will help you in saving more and investing more. Also, it teaches us to be frugal and use our resources smartly. Likewise in the stock market, one should avoid being impulsive. For example, you invested in the market from long term perspective say 5 years. Tomorrow if the price of your stock rises, you should be able to control your desire to sell.
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Patience Earns High Rewards
The offertory or as we call prasad of Lord Ganesha is modak. Modak symbolizes the value of patience. It teaches us that keeping patience gets rewarded. Likewise, a trader must also keep patience to reap long term benefits. He should have a habit of disciplined investing for long term. And, long term investments are known to build wealth for investors.
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Accept Good and Reject Bad
The tusk of Lord Ganesha symbolizes that you should keep good and throw away bad. Likewise, a trader must regularly evaluate his investments. In other words, he must monitor his portfolio regularly. One must only keep good performing stocks in the portfolio. Keeping stocks of companies which have poor management, loss figures, high debts, etc. makes no sense.
With these learning, start investing in the stock market this Ganesh Chaturthi. Moreover, enjoy long term wealth creation. Lord Ganesha is known for his patience and wisdom. Likewise, you also need both of these attributes to improve your economic condition. Take his blessings on the auspicious occasion of Ganesh Chaturthi and venture on the path of progress.
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