Dhanteras 2024: 5 Things Women Should Invest In Other Than Jewellery
While jewellery will always have its charm and cultural significance, broadening your investment portfolio can be a powerful step towards building wealth!
When we think of Dhanteras, the first thing that usually comes to mind is investing in gold and jewellery a traditional symbol of prosperity and wealth. However, as financial and lifestyle perspectives evolve, women are looking for alternative investments that are not only financially sound but also provide long-term benefits. This Dhanteras, consider going beyond jewellery and explore these five promising avenues that are as luxurious, rewarding, and empowering.
1) Luxury Bags
Luxury bags are not just fashionable accessories; they are becoming a lucrative investment option. Brands like Hermès, Chanel, and Louis Vuitton often release limited-edition pieces that have appreciated significantly over the years. Investing in the right bag can provide returns comparable to, and sometimes even higher than, traditional assets. Imagine owning a Hermès Birkin bag from a limited edition collection such pieces have been known to increase in value by 14% annually, far outpacing gold in certain cases.
Moreover, these bags come with the added benefit of being functional and versatile pieces that you can use while they gain value. When investing in luxury bags, always go for classic designs and iconic brands with a history of increasing value. It’s also wise to keep the original packaging, authenticity certificates, and receipts to maintain the bag’s value.
2) Mutual Funds and Stocks
Dhanteras is an auspicious time for financial growth, making it the perfect occasion to explore the world of mutual funds and stocks. While jewellery holds emotional value, stocks and mutual funds have the power to generate wealth and help you achieve your long-term goals, such as buying a home or securing a comfortable retirement.
The Indian stock market, with its growing sectors like technology, healthcare, and finance, offers diverse opportunities for women to start investing with even a small amount. Mutual funds, particularly those focusing on equity or hybrid funds, can be a safe starting point, offering diversification and professional management.
3) Health and Wellness Treatments
In today’s fast-paced world, health is wealth. Investing in advanced health and wellness treatments like PRP (Platelet-Rich Plasma) therapy, skin rejuvenation, and hormone-balancing treatments isn’t just about aesthetics; it’s about maintaining overall well-being. Procedures like PRP can help improve skin health, reduce hair loss, and boost your confidence, making it a worthwhile investment in yourself.
With women’s health often taking a back seat amidst busy schedules, Dhanteras is an ideal time to prioritize it. Investing in regular health check-ups like getting a lipid profile done, or getting a Brazilian blowout to keep your hair frizz for at least 6 months, quality skincare regimens, and treatments that promote longevity and vitality is a commitment to yourself.
4) Sovereign Gold Bonds (SGBs)
If you still want to invest in gold but prefer a more practical and financially advantageous approach, Sovereign Gold Bonds (SGBs) issued by the Government of India could be the perfect solution. SGBs offer a guaranteed interest rate along with the benefit of appreciation tied to the price of gold. Unlike physical gold, SGBs are free from storage issues and making charges, and they provide tax benefits if held until maturity. SGBs offer a dual benefit: you earn interest on the value of gold and can also sell or trade them if the gold market rises.
They combine the best of traditional and modern investment methods, making them a smart choice for those who appreciate the value of gold but want something beyond the typical jewellery purchase. SGBs are ideal for women who want the security of gold but are looking for a more profitable and hassle-free method of investment. They are also suitable for long-term goals, such as saving for children’s education or future real estate ventures.
5. Real Estate
Real estate has always been a valuable asset, but the idea of owning property is evolving. In today’s market, fractional ownership allows you to invest in a portion of a property rather than purchasing it entirely. With fractional ownership, you can own a share typically around 10% of a commercial or residential property, earning rental income and benefiting from property appreciation over time.
This investment option is particularly appealing for women who want to enter the real estate market but are looking for more affordable and manageable options. By pooling resources with other investors, you can own high-value properties without the burden of full ownership costs.
While jewellery will always have its charm and cultural significance, broadening your investment portfolio can be a powerful step towards building wealth and securing a financially independent future. Whether it’s the timeless appeal of luxury bags, the smart growth potential of stocks and mutual funds, or the innovative approach of fractional real estate ownership, these investment avenues offer women diverse and exciting options.
Also Read: 7 Beautiful Pieces Of Jewellery You Can Invest In For Dhanteras, Instead Of Kitchenware
First Published: October 21, 2024 3:12 PM
