{"id":703,"date":"2021-01-14T10:00:02","date_gmt":"2021-01-14T10:00:02","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=703"},"modified":"2021-04-06T05:42:46","modified_gmt":"2021-04-06T05:42:46","slug":"financial-lessons-to-take-from-makar-sankranti","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/financial-lessons-to-take-from-makar-sankranti\/","title":{"rendered":"Financial Lessons to Take from Makar Sankranti"},"content":{"rendered":"
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India is a country of\nmany different types of festivals. They play a significant role in the development\nof an individual. Festival comes in various kinds. Some festivals are\nreligious, some national, some cultural, and some harvest\/seasonal. All\nfestivals are celebrated across the country with a lot of enthusiasm. Here we\nare going to discuss one of the seasonal or harvest festivals. Makar Sankranti\nis that seasonal festival celebrated on 14 January every year but sometimes\nfalls on 15 January. The festival also recognized by many other names Maghe\nSankranti (Nepal), Maghi (Punjab, Haryana, and Himachal Pradesh), Thai Pongal\n(Tamil Nadu), Ghughuti (Uttarakhand), or simply as Sankranti (Andhra Pradesh).<\/p>\n\n\n\n

The festival is\ncelebrated to mark the beginning of harvest season and winter solstice \u2013 an\nevent or transition phase, as from now onwards the days will be longer and the\nnights will be shorter. The Makar Sankranti celebrations include flying kites,\nFairs, Bonfires, Surya Puja in rivers, Arts, Cow Puja, Dance, and various\nsocialization activities. Amongst these, flying kites is a very popular\ncelebration activity, thus the festival also known by Kite Festival. <\/p>\n\n\n\n

Like other festivals,\nMakar Sankranti has a lot of significance in our personal development and\nlessons to learn and implement. With this article, we aim to suggest some\nimportant financial lessons and investment tips that you can learn from the\nfestival of Makar Sankranti. <\/p>\n\n\n\n

Financial Lessons to\nLearn from Makar Sankranti <\/strong><\/h2>\n\n\n\n

Following are key\nfinancial lessons that you can learn from Makar Sankranti for your financial\nbeings:<\/p>\n\n\n\n

Your financial\nsuccess largely depends upon the quality of \u2018Manjha\u2019 a.k.a Investment Avenue: <\/em><\/strong><\/h3>\n\n\n\n

When flying the kite,\nwe use only \u2018Manjha\u2019, <\/em>not random\nthread. Why? \u2013 It is because Manjha<\/em>\n(string) is an abrasive string coated with powdered glass. These strings\nprovide the quintessential strength in flying kite combats and help us in\nensuring no one cut short, making kite flies higher. Choosing the right kind of\nManjha<\/em> is very much similar to\nchoosing the right investment avenue to invest and achieve your financial goals\nin time. To do so, consider proper asset allocation in the right assets that\nsuit your investment goals and risk profile. <\/p>\n\n\n\n

Hence, it is\nimperative to select the investment avenues that can generate\ninflation-adjusted higher returns for you in growing your wealth over time. <\/p>\n\n\n\n

Always mind the\nmarket volatility as you mind wind when flying kites:<\/em><\/strong><\/h3>\n\n\n\n

While flying kite,\nwind plays a crucial role in keeping afloat a kite in the sky. Too much wind\ncould damage your kite while too little wind could make it difficult to keep\nkite afloat. However, without wind, the kite cannot launch a kite in the sky.\nSimilarly, in the stock market, there will be volatility. There will be a time\nwhen the market is rising and there will be a time when the market will be\nfalling. However, you have to remain calm and hold on to your investments. Do\nnot rush into decisions and surrender to the market volatility. Always mind the\nvolatility and make informed decisions without jeopardizing your investment\nplans. <\/p>\n\n\n\n

It is easier to make\ninvestments with a financial advisor to guide you, just as it is easier to fly\nkite with a companion:<\/em><\/strong><\/h3>\n\n\n\n

In a typical Makar Sankranti festival, we have often seen people on terraces where one manoeuvre the kite while another is standing beside him\/her, holding a Firki\/Charkhi <\/em>whose entire role is to release and retract the right amount of string at multiple instances. Even though one person is capable of managing both, but it becomes easier to fly with a companion and take the kite to higher horizons.<\/p>\n\n\n\n

Similarly, having a\nfinancial advisor by your side can make it easier to take your investments to\nhigher horizons. A financial advisor plays quite a similar role, helping you in\na gusty wind, and provides you with the investment tips at the right time. <\/p>\n\n\n\n

Long-term investments\ndemand discipline, focus, and patience same as flying kites demands passion and\ndetermination:<\/em><\/strong><\/h3>\n\n\n\n

Without a doubt,\nflying kites need utmost passion and determination. It is not easier to stand\nall day under the sun, and continue flying passionately. It takes a lot of\ndetermination stand all day and deals with every kite that is getting in your\nway. Long-term Investing is not much different from flying kites. It requires\nstrict discipline, focus, and patience. Not every kite can reach a higher\nhorizon. Some may be cut while some get damage. Similarly, not all investments\nmade can generate returns. Sometimes, you must cut your losses and sometimes\nyou must stick with your investments to get the potential rewards. However,\nnothing is possible without strict discipline, focus, and being patient towards\nyour investments. <\/p>\n

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