No, investing on Diwali doesn’t fetch high returns
Live MintDiwali is just around the corner, and many people prefer to invest in various assets on this day as it is considered auspicious. View Full Image Mint The best and worst Diwali, in terms of 1-year return from the stock market investment, would be in 2020 and 2017 with 52% and -2%, respectively. The spike in gold prices in 2020 as investors moved to safe-haven assets from risky stock market investments resulted in higher 1-year return from the asset class for investments made in 2019. “There’s no harm in putting some incremental money into your portfolio on Diwali, if the investor believes it is auspicious, but the starting point and end point cannot be from one Diwali to another," said Gurmeet Chadha, managing partner and chief investment officer at Complete Circle Wealth. Portfolio approach When investing in stocks based on recommendations, one also needs to examine where that stock fits in one’s portfolio.