November | 2012 | wealthymatters

Taash Parties

November 14, 2012 2 Comments

wealthymatters.com A taash (card) party is a ‘get-together’ of a group of friends and family around Diwali.

A variety of card games and games of chance are played.The most popular is Teen Patti (three-card brag). The bets can range from petty cash to lakhs of rupees.

Taash parties are loud and colourful family affairs where everyone dresses up and wagers money and makes merry as the food and drink flows.

The tradition of gambling on Diwali has a legend behind it. It is believed that on this day, Goddess Parvati played dice with her husband Lord Shiva and being pleased with her winnings ,decreed that whosoever gambled on Diwali night would prosper throughout the ensuing year. So this tradition of gambling on Diwali continues even to-day. This episode has been immortalized in stone in the 8th century Kailashnath Temple in Ellora. Read more of this post

Filed under Tool Kit Tagged with aptitude to risk money, betting, Card Parties, dice, gambling, postaday, Taash Parties, Teen Patti, the stakes, wagering

Muhurat Trading

November 14, 2012 6 Comments

The festival of Diwali is associated with Laxmi, the goddess of wealth; it is considered an auspicious time for spending and earning money. The customary trading tradition on the day of Diwali is unique to India where markets open for a short duration in the evening to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. This Muhurat Trading is a centuries old tradition. The day holds significance as it marks the beginning of the New Year, as per the Marwari tradition.Also the Gujarati new year begins a day after Diwali.

More often than not, the benchmark indices have ended higher, albeit by a small margin. The time for trading is specified by the exchanges and usually takes place for about an hour.This year,the Muhurat trading happened on 13 November between 3:30pm and 5:15pm.

Muhurat trading happens not only in stock markets but also commodity exchanges. Major commodity exchanges like MCX, NCDEX and others were open for trade from 5:30 pm to 8pm. Read more of this post

Filed under Paper Assets Tagged with Diwali, Goddess Lakshmi, Muhurat Trading, postaday, shares, stocks

The Golden Guess Contest

November 13, 2012 2 Comments

wealthymatters.com Are you up for some Diwali Fun?Why not try your hand at this contest?

Its free to enter.You don’t have to buy anything.And you can play it as many times as you want.

Perhaps you are going to be one of the winners of a 2 gm gold coin.

If you do win,please leave a comment telling us how you went about your successful predication.

Filed under Precious Metals Tagged with Diwali, gold coin, Golden Guess Contest, postaday, predicting the price of gold

Learning From King Bali

November 13, 2012 2 Comments

wealthymatters.com King Bali of Kerala was a generous ruler but also very ambitious. To propitiate the Gods he performed a Yagna (fire sacrifice). His Yagna was so successful that even the gods were terrified to appear before him and grant him a boon for fear that he might ask for something which was beyond their capacity. Some of the Gods pleaded with Lord Vishnu to check King Bali’s power. Lord Vishnu came to earth in the form of a dwarf dressed as priest(Vamana).

When Vamana reached King Bali’s court, he asked the king to grant him whatever he asked for. je proceeded saying, “You are the ruler of the three worlds: the Earth, the world above the skies and the underworld. Would you give me the space that I could cover with three strides?” King Bali laughed. This request seemed strange to all the courtiers, but king Bali granted it. Surely a dwarf could not cover much ground, thought the King, who agreed to dwarf’s request. Read more of this post

Filed under Theory, Tool Kit Tagged with Balipratipada, beware of arrogance, beware of hubris, Diwali, hunduism, King Bali, Lord Vishnu, postaday, Vamana

Yamadeepdaan

November 12, 2012 2 Comments

wealthymatters.com Do you know why Dhanteras is also known as Yamadeepdaan

According to legends, King Hima had a son after many years of marriage. Unfortunately upon his birth, the astrologers predicted that he was doomed to die of a snake bite on the fourth day of his marriage.

So on the fourth day of his marriage, his wife asked him not to sleep the whole night. She laid gold ornaments and silver coins at the entrance of her husband’s room and sang songs the whole night to save her husband.

When Yama, the God of Death, arrived, disguised as a snake, he was blinded by the dazzle of the lights and the gold.Unable to enter the young prince’s room, Yama sat on top of the heap of gold and listened to the melodious songs. In the morning, he left the palace, leaving the prince unhurt. Thus, the young wife saved her husband’s life from Yama.

Till this day, people light lamps the whole night in reverential adoration to Yama. This is why Dhanteras is also known as Yamadeepdaan.