Things to Buy on Dhanteras for Long-Term Wealth Growth

Dhanteras, the first day of the five-day Diwali festival, marks a time of prosperity, health, and new beginnings. Teras (the thirteenth day of the lunar fortnight) and Dhan (wealth) are the roots of the word "Dhanteras". Traditionally, people celebrate this day by purchasing gold, silver, and other valuable items believed to attract good fortune and financial stability.

In modern times, Dhanteras is not just about buying precious metals but also about making smart financial choices that can lead to long-term wealth creation. Whether you’re following age-old customs or looking at modern investment options, understanding what to buy on Dhanteras can help you combine tradition with financial wisdom.

Investing in Gold Bonds

Sovereign Gold Bonds (SGBs) are government-backed securities denominated in grams of gold, offering a modern alternative to holding physical gold. Issued by the Reserve Bank of India on behalf of the Government of India, SGBs provide the benefits of gold investment without the risks and costs associated with physical storage, purity, or making charges.

Combining Traditional Buying with Financial Investments

For many families, buying gold coins, silverware, brass utensils, or small electronic appliances remains an integral part of the Dhanteras celebration.

However, a balanced approach can make your celebrations more meaningful. Blending traditional rituals with modern investment choices means celebrating faith and foresight.

Tips for Smart Investments on Dhanteras

When deciding what to purchase on Dhanteras, it’s essential to make thoughtful and informed decisions. Here are a few practical tips to keep in mind:

• Set a Budget: Decide how much you want to spend beforehand. It helps you balance festive joy with financial discipline.

• Prioritise Quality and Authenticity: Whether buying gold jewellery or investing in funds, ensure the purity and credibility of your investment.

• Diversify Wisely: Don’t put all your money in one form. Combine traditional purchases with financial investments for better growth potential.

• Think Long-Term: Use Dhanteras as an opportunity to start investments that can grow over time rather than focusing on short-term gains.

• Review Your Portfolio: If you already invest, use this auspicious day to review and realign your portfolio toward your goals.

• Avoid Impulse Buying: Emotional buying during festivals is common, but thoughtful choices yield better long-term results.

These small yet effective steps can help ensure that your Dhanteras spending contributes to both joy and prosperity.

Continuing the Spirit of Prosperity

Dhanteras is more than a day of purchases.It’s a reminder to value wealth in all its forms: health, happiness, and financial stability. Every thoughtful step adds to your journey toward abundance.

After all, the true spirit of Dhanteras lies not in what we buy, but in how we use those choices to build lasting prosperity for ourselves and our loved ones.

When you invest in SGBs, you're assured of receiving the market price of gold at the time of redemption, along with periodic interest payments, making them an attractive, secure investment. For those looking to invest this Dhanteras, SGBs provide a blend of security, flexibility, and long-term growth potential, making them an excellent choice for diversifying your portfolio.

Investing in Silver Funds for Portfolio Diversification

Investing in silver funds is a modern approach for those asking,‘What should we buy on Dhanteras?’to grow their wealth steadily. These funds track the performance of silver prices and can act as a diversification tool in your investment portfolio.

Silver tends to move differently from gold in the market, so having both can balance your overall returns. By allocating a small portion of your Dhanteras investment to silver, you’re embracing tradition while ensuring a well-rounded investment mix.

Gold and Silver ETFs: Modern Investment Alternatives

Gold and Silver ETFs are a convenient way to invest in precious metals without holding them physically. These ETFs invest in high-purity gold or silver bars, tracking market prices closely, with professional management and transparent NAV calculation.

Investors can buy or sell units on stock exchanges, while authorisedparticipants provide liquidity. Gold and Silver ETFs offer low tracking error, act as portfolio diversifiers, and serve as a hedge against inflation. With no storage concerns and minimal costs compared to physical metals, they are an efficient choice for those seeking modern, regulated, and accessible ways to invest in gold and silver.

Mutual Funds and SIPs: Systematic Wealth Building

Beyond gold and silver, mutual funds and Systematic Investment Plans (SIPs) have become popular means of gradually accumulating wealth. These are ideal for those who believe in disciplined, long-term investing.

Through SIPs, you can invest a fixed amount every month in a mutual fund of your choice. Over time, the power of compounding and rupee-cost averaging can lead to impressive growth.

If you are looking for things to buy on Dhanteras that go beyond traditional items, starting an SIP can be a symbolic and practical step. It represents your intent to build wealth systematically and continuously.

Sources:

https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=1658#:~:text=What-is-Sovereign-Gold-Bond
https://www.sebi.gov.in/legal/circulars/nov-2021/norms-for-silver-exchange-traded-funds-silver-etfs-and-gold-exchange-traded-funds-gold-etfs-_54166.html

Disclaimers:

The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.