Investment Lessons From Makar Sankranti2 min read
5 Money Lessons For Investors From Kite Flying Festival
In this article, we will discuss 5 investment lessons from Makar Sankranti, popularly known as a Kite Flying Festival. Indian skies are going to break into a variety of colours today as people celebrate Kite Flying Festival with zeal and high spirits. Kites of different shapes, sizes, colours and textures will vie in sky with each other and entangle in pursuit to outshine the others. Here are the top 5 money lessons for investors from the Kite Flying Festival.
Investment Lessons From Makar Sankranti | Kite Flying Festival
Significance of Makar Sankranti
- Makar Sankranti marks the movement of the Sun from tropic of Cancer to the tropic of Capricorn. ‘Capricorn’ is known as ‘Makar’ in India and ‘Sankranti’ means movement and hence named as ‘Makar Sankranti’.
- The Makar Sankranti, also known as Til-Gul in Maharashtra, Uttarayan in Gujarat, Pongal in Tamil Nadu, Poush Sankranti in West Bengal and Bihu in Assam.
- It is a festive time for the farmers because it ends the biting winter season and thus marked as the beginning of new harvest season. The warmth in the air is appropriate to sow new seeds. Therefore, Makar Sankranti is also celebrated as the Thanksgiving day.
Top 5 Investment Lessons From Makar Sankranti
Apart from flying a kite, you can learn some important financial lessons from the kite flying festival. Lets discuss the key investment lessons which this Kite Flying festival teaches us.
This Kite is a symbol of having high aspirations and an elevated vision. Your investment goals and dreams are similar to a kite. Be careful in choosing the right one before investing.
Manja (The Thread)
Here, Manja is the mean of achieving the goal of flying high. The quality of Manja determines the success. A good financial advisor or good knowledge acts as your Manja for financial success.
We all know, Firki lets us adjust the length of manja we use to fly the kite, by giving ‘Dheel’ or retract (‘Lapeet’). Similarly, one should monitor his/her investments and keep tweaking your portfolio based on changes in market & goals.
Tapes & Bandages are used to avoid Manja related injuries. Similarly, regarding your finances, you should cover your risks and take adequate insurance whenever needed.
Kai Po Che
Kites do get cut and you need to start all over again. In investments too, everything will not work. Sometimes, you need to start all over again but experience helps in such cases.
Makar Sankranti is a beginning of new harvest season for the farmers. In the same way, you can sow the seeds of newer investments for a healthier and wealthier future.