SaralAgarwal

Most of us confuse wealth with a lot of money. But that is not true.

Hindu traditions have very beautifully explained what wealth really is and how fortunate we are if we have wealth.

Lakshmi is the Goddess of wealth and prosperity. Wealth is a vital ingredient bestowed upon us for maintenance and progress in our life. It is much more than just having money. It means abundance in knowledge, skills and talents. Lakshmi is the energy that manifests as the complete spiritual and material well-being of a person.

There are eight aspects of this divine energy that may be bestowed upon us. Also known as Ashta Lakshmi.

The situation in the market is unsettling and it’s a nerve-wracking time to be an investor right now, as the stock market continues to slide. The Nifty50 is down more than 17% over the last few months.

Downturns like these can be daunting and as an investor I am worried. I am questioning myself, my logic and my reasoning as I have seen my net worth being eroded by a significant sum in the past few months. Even as a seasoned investor, I am tempted to stop investing altogether or even pull my money out of the market. But is that the right move?

This is the right time for investors to increase equity allocation as Indian markets have gone through a reasonable time and price correction.

The factors which have led to this correction are unlikely to remain a problem for too long. FII selling is likely to abate in months to come. The Russia-Ukraine crisis should not continue for too long now and if the tensions end, oil prices can cool down as well.

Gold as ornamentation is really beautiful but if you are planning to invest in gold then, one should look forward to Gold mutual funds. Gold ETFs and Sovereign Gold Bonds which provide far better returns and also remove the challenges that come with purchasing physical jewellery.

Stock market corrections are a part of investing. The emotions of fear and greed rule the investors on a daily basis, and the tug of war between them creates a roller coaster of gains and losses.

Smart investors recognize this reality and prepare for it. If you have a solid financial plan in place, a market correction might still be painful, but you could very well emerge in a better spot on the other side of one. Here are 3 ways to look at stock market corrections.