The god who is an epitome of knowledge and abundance of wisdom & is always worshipped before initiating any work. Let’s start our investment planning with an inspiration for proper financial planning through attributes and techniques of his stature.
Wisdom from Big Head
The bigger head represents broad-mindedness, forward thinking, and a vast ocean of knowledge. It emphasizes on the ability to grasp and understand markets open mindedly, prudent thoughts, and seek knowledge will help one look at all the options and make wiser investment decisions.
Draw up a smart goal-based financial plan and wisely act on it to secure your future. Anticipate how investment would grow after say 5-10 years considering the effect of inflation on different investment avenues and accordingly choose the type of Investment Avenue.
Big Ears symbolizes good listening skills
He is named Surpakarna for his large ears which indicate that in order to be a good investor, one must be a good listener. A good investor keeps ears wide open to sound financial advice which is ethical, unbiased, experienced, and research-backed from VSRK to make better investment decisions.
Listening in unification with wisdom will enable you to filter and choose the right. Focus on requirements, aspirations, and desires in terms of your financial goals, investment horizon, financial standing, age, and risk profile, and the number of years left for the completion of your goal.
Focus from the Eyes
The sharp small eyes teaches to have focused approach and looking at the details with concentration to achieve growth. One should focus on individual or family goal-based investment plan. A focused mind to have a clear objective of “where to invest”. Consider safety and returns as foremost requisites.
Carefully create a well-diversified strategic portfolio based on your asset allocation that will strive to beat the inflation and accomplish your financial goals. Eliminate the unnecessary noise of the herd with a holistic view and a long-term approach helps to maintain and grow wealth.
Adaptability from the Trunk
The lord is known as Vakratundaya for the flexibility of trunk representing adaptable nature and to follow what is righteous. As an investor, one should track and review investment portfolio to check its performance contribution to the journey of wealth creation. Evaluate portfolio on a regular basis to know when to be patient about holding on to a particular investment and when it’s time to change it.
One-Tusk Removes Evil
Ekdantaya is another name for Lord Ganesha which symbolises plucking out the evil from the good. Investors based on market news and stock sensitivity do not realize holding on to the underperformers in portfolio which is equally damaging as the removal of a worthy investment from your portfolio.
Greater endurance with large stomach
Vighnaharta signifies keeping all the negativity away and managing every kind of obstacle that comes in the path of life. This is a vital trait that we can definitely benefit from if we strive for gaining more courage and bravery in the face of adversities.
The enormous brook of Lord Ganesha teaches to alphabetize the investments as eating meal in small bites. Investments should in accordance to risk appetite, age factor, & financial goals. It is always suggested to invest systematically and diligently via the SIP route; gradually increase the amount as per financial capacity. With the rupee-cost averaging in volatile markets and the power of compounding, the money will grow over time. One should maintain a contingency fund and undergo both financial and emotional trauma during harsh or extraordinary circumstances.
Not being biased from Axe
The axe possessed by Ganesha acknowledges not to fall quest to sentiments or any sort of biases during investments. Think logically and freely, keeping aside the undercurrents of market downswings. Never discontinue SIP during this time frame and never harbor any anchoring bias to any investment that is unhealthy for financial well-being.
Feet positioning to maintain Balance
Lord’s one feet rests on the ground and another is folded. One can learn to maintain balance in life between inner happiness and materialistic happiness. To lead a contented and happy life, one needs to maintain a balance between material and spiritual needs and invest seeking all the financial needs or goals.
Simple living from his Vahana
The tiny mouse is represented as the vehicle of Lord Ganesha. It demonstrates the most important lesson of life: Simple living, high thinking. Learn to flourish within means; saving more than spending, avoiding impulsive purchases via instant gratification. Invest wisely empowering to yearn for a better tomorrow with a prospering financial plan.
Riddhi-Siddhi suggests to know the Payback timings
The Lord Ganesha preaching wisdom symbolises that every investment plan is not meant for retirement life, there are various short term goals too. So, understand the need for finance and earn cash from your investment in desired period.
Happy Ganesh Chaturthi!