Muhurat Trading was there on the Diwali eve i.e. 1st Nov, 2024. Every year I buy some shares on Muhurat trading and this year also I have bought some shares as well as some ETF. The ETF I have bought is Gold ETF but that was on the Dhanteras.
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The share I have bought is ITC and Reliance for the long term. ITC mostly because it gives a very good dividend, so I am creating a portfolio and keeping ITC for the longer term and it can help me to generate that passive income for the future along with that it can give good returns.
Next is Reliance, Reliance will go to a demerger in the future and the more shares you will have more number of shares you might get of other companies. For example, when I had 3 Reliance Shares, I got 3 Jio Financial shares. Similarly in the future too, when the Jio shares will come, it will be same as that of number of shares you have of Reliance.
So these were my 2 picks of this Diwali and hopefully in the next year we can see the stock market giving great returns. I am also planning of doing a SIP of Gold ETF instead of buying more physical gold. In that way if I have a jewellery requirement in the future, I can liquidate my Gold ETF and use that for the jewellery.
In the Muhurat Trading, I usually buy the large cap shares only which I will be keeping for the long term. Like last Diwali I bought SBI, prior to that I bought ITC, and this year also ITC and Reliance. And I will continue to buy the large cap only in small quantities in the muhurat Trading.
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