Investment on Akshay Tritiya

Akshaya Tritiya is celebrated on the third day of the bright fortnight in the
month of Vaishakha . Aksaya (Sanskrit) means inexhaustible, that which
never lessens or deteriorates. Akshaya Tritiya is one of the most
auspicious days in the Hindu calendar and is considered ideal for the start
of new ventures and investment.

Akshaya Tritiya has many tales and lores associated with it and is
considered a significant day for a number of reasons.
It is the day when “Treta Yuga” is believed to have started. It is on this
day Lord Vishnu took the Parshuram avatar. On this day, Veda Vyasa
began the composition of the Mahabharata. It is believed that Sage Vyasa
started narrating Mahabharata to Ganesha on this day.
In South India, it is believed that birth of Balram, elder brother of Lord
Krishna, happened on the day.
Another legend has it that, Ganga River appeared on earth on this day.
Some celebrate this day because, It is believed that when the Pandavas
were in exile, the Lord presented them a bowl which was named Akshaya
Patra on Tritiya day; That bowl was never empty and produced an
unlimited amount of food on demand.

This is also one of the most popular days for weddings to be solemnized,
as the spirit of this day bids them on a very long and fulfilling life journey.
It was also believed that people born in that month will be very lucky and
will shine bright throughout their life.

The most famous of the Akshaya Tritiya stories is the legend of Lord
Krishna and Sudama, his poor Brahmin childhood friend. On this day, the
tale goes, Sudama came over to Lord Krishna’s palace to request him for
some financial help. It is believed that Sudama met Krishna at Dwaraka
on the sacred day of Akshaya Tritiya.
As a gift for his friend, Sudama had nothing more than a handful of
beaten rice or ‘poha’. He was utterly ashamed to give it to Lord Krishna,
but Lord Krishna took the pouch of ‘poha’ from him and relished having it.
Lord Krishna followed the principle of ‘Atithi Devo Bhava’ or ‘the guest is
like God’ and treated Sudama like a king. His poor friend was so
overwhelmed by the warmth and hospitality shown by Lord Krishna, that
he could not ask for the financial favor and came home empty handed.
However When Sudama reached his home, Sudama’s old hut had been
transformed into a palace! He found his family dressed in royal attire and
everything had been changed, by the Grace of the Lord. Sudama knew
that it was a boon from Lord Krishna, who blessed him with more than
the wealth he actually intended to ask for.
Thus, Akshaya Tritiya is associated with material gains and wealth
acquisition.

In the Indian culture, Akshaya Tritiya is considered as the most golden

day of the year because the word Akshaya means the most "Eternal" that
which never diminishes. Any initiative made on that day or anything
bought on that day is considered to result in good fortune. The most
popular activity is the buying of gold and it is believed it will be a sign of
good fortune for the buyer.
Purchasing gold, the ultimate symbol of prosperity and wealth, is an age-
old tradition practiced on Akshaya Tritiya, as this is considered an
auspicious day for new beginnings.
However, a risk and return comparison of Gold (INR, per gram)
and Sensex data over the last 40 years reveals that gold is a high-risk,
low-reward investment!
Hence, is buying Gold really a good idea from the investment standpoint?
Any comparison of the return of different asset classes over the last
20/30/40 years will clearly show that nothing can beat equity in terms of
returns in the long run provided you have the conviction to withstand the
volatility in the short term.
In fact, your decision to invest should be in consultation with your
financial advisor and based solely with the target of balancing the risk and
return in your portfolio and achieving your financial goals.

Make a fresh investment or start your investment journey, Be wise with

your choice of Investment this Akshaya Tritaya and have a rewarding
year ahead.

Happy Investing!
Stay Blessed Forever

Sandeep Sahni
Note: All information provided in this blog is for educational
purposes only and does not constitute any professional advice or
service. Readers are requested to consult a financial advisor
before investing as investments are subject to Market Risks.

About The author

Sandeep Sahni

Sandeep is alum of IIM Lucknow with a Post Graduate Degree (MBA class
of 1988). His also an alum of Shri Ram College of Commerce, Delhi
University (B.Com. (Hons.) Class of 1985.)

Sandeep's investing experience and study of the Financial Markets spans

over 30 years. He is based in Chandigarh and has been advising more
than 500 clients across the globe on Financial Planning and Wealth
Management.

He has promoted “Sahayak Gurukul” which is an attempt to share

thoughts and knowledge on aspects related to Personal Finance and
Wealth Management. Sahayak Gurukul provides financial insights into the
markets, economy and Investments. Whether you are new to the
personal finance domain or a professional looking to make your money
work for you, the Sahayak Gurukul blogs and workshops are curated to
demystify investing, simplify complex personal finance topics and help
investors make better decisions about their money.

Alongside, Sandeep conducts regular Investor Awareness Programs and

workshops for Training of Mutual Fund Distributors, and workshops and
seminars on Financial Planning for Corporate groups, Teachers, Doctors
and Other professionals.
Through his interactions and workshops, Sandeep works towards breaking
the myths and illusions about money and finance.
He also writes a well read blog;
https://sahayakgurukul.blogspot.com
https://www.sahayakassociates.in/resources/our-blog

He has also conducted presentations, workshops and guest lectures at

Management institutes for students on Financial Planning and Wealth
Creation.

He can be reached at:

+91-9888220088, 9814112988,
sandeepsahni@sahayakassociates.com,
Follow on:
www.sahayakassociates.in,
www.facebook.com/sahayakassociates,
www.twitter.com/sahayakassociat,https://www.instagram.com/sahayakas
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https://sahayakgurukul.blogspot.com,
https://www.sahayakassociates.in/resources/our-blog
06/05/19 5:04 PM
06/05/19 5:04 PM