Dhanteras marks the beginning of the five-day festival of Diwali. This day is considered auspicious for shopping and new investments. People invest in precious items like gold and silver on this day. If you too want to secure your future by investing wisely on Dhanteras, here are six excellent options that can strengthen your portfolio and make you wealthy in the long run.
1. Gold
Gold has been a reliable investment option since ancient times. It is often called a "friend in bad times." When money is urgently needed and nowhere else is available, you can take a loan by mortgaging gold or arrange for it by selling it. Financial experts also recommend including gold in your portfolio. This is because its price increases rapidly over time, which can give you good returns in the future. Buying gold on Dhanteras is considered extremely auspicious.
2. Gold ETF
If you don't want to buy physical gold, a gold ETF is a great option. A gold ETF guarantees 99.5% purity. It's a mutual fund investment that's based on the fluctuating prices of gold. You can buy and sell it on the BSE and NSE, just like stocks. Gold ETFs are purchased in units, and one gold ETF unit represents 1 gram of gold. There's no risk of theft because they're held electronically in a demat account, just like stocks.
3. Silver ETF
Similar to a gold ETF, a silver ETF is also an excellent investment option. It's an easy and secure way to invest in silver. If you want to benefit from rising silver prices but don't want the hassle of buying physical silver, a silver ETF is a good option. It also resides electronically in your demat account and can be bought and sold through the stock market. Demand for silver is steadily increasing in both the industrial and jewelry sectors, making it likely to generate good returns in the long term.
4. Digital Gold
Digital gold is also a modern way to invest in gold. In this, you buy gold online, meaning you have it in electronic form. You can also purchase it through mobile apps like Google Pay, Paytm, and PhonePe. This gold comes with a guaranteed 24-carat purity. The best part is that you can buy digital gold for as little as 1 rupee, meaning you don't need to raise thousands of rupees. You can buy it as per your capacity. Digital gold can be bought and sold online 24/7. There is also an option to convert it into physical gold later.
5. Property
Many people choose to invest in property like houses, land, or flats on Dhanteras. Property is also considered a very good and safe investment. Property can generate substantial profits over the long term. If you have a substantial amount of money, you may want to consider investing in property on Dhanteras. This will help secure your future and build substantial wealth.
6. SIP
If you don't want to invest in gold or property, and don't have a lump sum, you can incorporate a Systematic Investment Plan (SIP) into your portfolio on Dhanteras. If you already have an SIP, you can also start a new one on this auspicious day. It is considered a very good long-term investment for wealth creation. Long-term SIPs have the potential to beat inflation and create a substantial corpus. However, it's important to remember that SIP returns are market-dependent. Experts estimate its average long-term return to be 12%, which is significantly better than any other scheme.
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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