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I feel like most of you guys might not know what Muhurat Trading means and what is the significance of doing it so let me explain this a little. Muhurat Trading is a special trading time when the Stock Market opens up for one hour on Diwali from 6:15 PM to 7:15 PM and in this one-hour period, it is deemed to be quite auspicious for everyone. Yes I know this sounds superstitious but this time I also indulged myself in this Muhurat Trading and bought some things for Long Term. Even though Muhurat Trading is basically for Stocks I believe that since we have different Asset Classes we should Invest some Money into each Asset Class. So I invested in three Asset Classes in my Muhurat Trading Period.
The first Asset that I invested in was Stocks and I bought stocks worth 20000 INR which is roughly about 260 USD and I invested only in those stocks that I have always wanted to buy but never got the opportunity as they were never going down. I bought stocks like Reliance, Titan, and Amrutanjan as I am quite bullish on these. I divided mu 20000 INR equally among all three stocks and I have decided to add in a Monthly SIP for all three stocks. This way I will be able to add a decent number of these Muhurat Trading Stocks to my Portfolio.
The second Asset that I invested in was Gold and I went ahead and bought a Gold Coin worth roughly 10000 INR. I know I could have gotten some digital gold as that would have been easier for me but I really wanted to hold some gold today. Plus I started collecting Gold Coins from this time last year and even though I paused for a couple of months I had to buy Gold today even if it was to reminiscence my Investing Journey into Gold.
The last Asset that I invested was Cryptocurrency and I bought some Crypto worth 20000 INR and I invested all of them into Cardano and there is a reason for that. I have been bullish on Cardano for a long time and I had a huge stake in Cardano but I sold it when I made massive profits and ever since then I have been looking for an opportunity to get back in and this seems to be the right time. So I jumped in and bought some Cardano for myself.
These are the things I bought in Muhurat Trading.
Lots of people wait for muhurat training and indeed its an auspicious time to invest money. Glad to see that you have invested in what you have been waiting to long. Congratulations on the investment. Nice post
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Upvoted 👌 (Mana: 2/5) Get profit votes with @tipU :)
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Hi @arunava As I have read in some articles Besides being an auspicious occasion and promising a prosperous year ahead, Muhurat Trading also proves to be a good time for new investors to get started. Since this time most traders refrain from making major trades, by default it gives new investors the opportunity to understand the market by experimenting with small amounts of capital investment, good post thanks for such a detailed explanation.
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